Portugal: Electroplating Machine Market 2024

Electroplating Machine Market Size in Portugal

For the third consecutive year, the Portuguese electroplating machine market recorded decline in sales value, which decreased by -90.8% to $X in 2021. Overall, consumption showed a dramatic decline. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Electroplating Machine Production in Portugal

In value terms, electroplating machine production rose modestly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 11%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Electroplating Machine Exports

Exports from Portugal

In 2021, approx. X units of machines for electroplating, electrolysis or electrophoresis were exported from Portugal; growing by 46% on 2020 figures. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 4,319% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, electroplating machine exports skyrocketed to $X in 2021. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 1,428% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X units), Mexico (X units) and the United States (X units) were the main destinations of electroplating machine exports from Portugal, with a combined 86% share of total exports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +192.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) emerged as the key foreign market for electroplating machine exports from Portugal, comprising 55% of total exports. The second position in the ranking was held by France ($X), with a 20% share of total exports. It was followed by Brazil, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico amounted to +213.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+118.0% per year) and Brazil (+93.0% per year).

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, jumping by 35% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 158% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+71.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Portugal

In 2021, approx. X units of machines for electroplating, electrolysis or electrophoresis were imported into Portugal; falling by -9.5% against the previous year. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 1,493% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electroplating machine imports shrank notably to $X in 2021. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2016 with an increase of 522%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), France (X units) and Italy (X units) were the main suppliers of electroplating machine imports to Portugal, together accounting for 82% of total imports. These countries were followed by Turkey, Germany, Sweden and Belgium, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +177.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of electroplating machine to Portugal, comprising 52% of total imports. The second position in the ranking was taken by Spain ($X), with a 20% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at -17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.2% per year) and Italy (+26.3% per year).

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, reducing by -13.6% against the previous year. Overall, the import price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2017 an increase of 270% against the previous year. The import price peaked at $X per unit in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+44.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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