Portugal: Working Wire Machine Market 2024

Working Wire Machine Market Size in Portugal

The Portuguese working wire machine market skyrocketed to $X in 2021, picking up by 28% against the previous year. In general, consumption enjoyed strong growth. Working wire machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Working Wire Machine Production in Portugal

In value terms, working wire machine production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2020 when the production volume increased by 215%. Over the period under review, production attained the peak level in 2021 and is likely to see gradual growth in the immediate term.

Working Wire Machine Exports

Exports from Portugal

In 2021, overseas shipments of machines for working wire increased by 418% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, recorded a deep reduction. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, working wire machine exports surged to $X in 2021. In general, exports, however, faced a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by 229%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Morocco (X units), Ukraine (X units) and Romania (X units) were the main destinations of working wire machine exports from Portugal, together accounting for 89% of total exports. Serbia lagged somewhat behind, accounting for a further 7%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +18.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for working wire machine exported from Portugal were Morocco ($X), Serbia ($X) and Ukraine ($X), with a combined 87% share of total exports.

Among the main countries of destination, Serbia, with a CAGR of +112.3%, 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

In 2021, the average working wire machine export price amounted to $X per unit, declining by -75% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 199%. The export price peaked at $X per unit in 2020, and then fell notably in the following year.

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 Serbia ($X per unit), while the average price for exports to Ukraine ($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 Serbia (+82.4%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Portugal

In 2021, imports of machines for working wire into Portugal soared to X units, rising by 61% on the previous year's figure. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 178%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, working wire machine imports surged to $X in 2021. In general, imports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 424% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

New Zealand (X units), Spain (X units) and Italy (X units) were the main suppliers of working wire machine imports to Portugal, together comprising 77% of total imports. Poland, China and the Czech Republic lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +33.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), New Zealand ($X) and China ($X) constituted the largest working wire machine suppliers to Portugal, together accounting for 83% of total imports. These countries were followed by Spain, Poland, the Czech Republic and Germany, which together accounted for a further 17%.

Among the main suppliers, Spain, with a CAGR of +29.5%, saw 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

In 2021, the average working wire machine import price amounted to $X per unit, rising by 23% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 237% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 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 Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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