Portugal: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Portugal

The Portuguese market for machines for preparing, weaving and knitting textiles fell dramatically to $X in 2021, with a decrease of -67.3% against the previous year. In general, consumption showed a deep slump. Textile weaving and knitting machinery consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Machines For Preparing, Weaving And Knitting Textiles in Portugal

In value terms, textile weaving and knitting machinery production contracted to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 82%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Portugal

In 2021, the amount of machines for preparing, weaving and knitting textiles exported from Portugal soared to X units, jumping by 149% on 2020. Over the period under review, exports showed perceptible growth. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports soared to $X in 2021. In general, exports, however, saw a mild slump. The pace of growth was the most pronounced in 2013 with an increase of 56%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Pakistan (X units), the United Arab Emirates (X units) and India (X units) were the main destinations of textile weaving and knitting machinery exports from Portugal, together accounting for 73% of total exports. These countries were followed by Egypt, Spain, Argentina, Brazil, Mozambique, Bangladesh and Poland, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +96.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), India ($X) and Brazil ($X) were the largest markets for textile weaving and knitting machinery exported from Portugal worldwide, together accounting for 44% of total exports. Argentina, Spain, the United Arab Emirates, Mozambique, Egypt, Poland and Bangladesh lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Argentina, with a CAGR of +51.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, which is down by -37.8% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2016 an increase of 51% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to the United Arab Emirates ($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 Poland (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Portugal

In 2021, purchases abroad of machines for preparing, weaving and knitting textiles increased by 51% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 98%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, textile weaving and knitting machinery imports reached $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.0% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 82%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of textile weaving and knitting machinery to Portugal, accounting for a 46% share of total imports. Moreover, textile weaving and knitting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by Spain (X units), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.0% per year) and Spain (+2.4% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Portugal were Germany ($X), Italy ($X) and Belgium ($X), together accounting for 72% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +37.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, falling by -28.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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