Portugal: Grinding Machine Market 2024

Grinding Machine Market Size in Portugal

The Portuguese grinding machine market skyrocketed to $X in 2021, jumping by 142% against the previous year. In general, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Grinding Machine Production in Portugal

In value terms, grinding machine production plummeted to $X in 2021 estimated in export price. In general, production, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 94% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Grinding Machine Exports

Exports from Portugal

For the third consecutive year, Portugal recorded decline in overseas shipments of machines having individual functions, for mixing, kneading, crushing or grinding, which decreased by -24.2% to X units in 2021. In general, exports saw a slight descent. The most prominent rate of growth was recorded in 2016 with an increase of 104% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate modest growth. The pace of growth appeared the most rapid in 2013 with an increase of 118% against the previous year. 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

Morocco (X units), Spain (X units) and France (X units) were the main destinations of grinding machine exports from Portugal, together accounting for 60% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +105.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding machine exported from Portugal were Spain ($X), France ($X) and Morocco ($X), together comprising 52% of total exports.

Morocco, with a CAGR of +110.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2021, picking up by 62% against the previous year. Overall, the export price enjoyed a temperate increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Algeria ($X per unit), while the average price for exports to Burkina Faso ($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 (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Portugal

In 2021, grinding machine imports into Portugal surged to X units, with an increase of 38% on the previous year's figure. In general, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% 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 +74.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 108% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, grinding machine imports surged to $X in 2021. Over the period under review, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 66%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

Italy (X units), Germany (X units) and Spain (X units) were the main suppliers of grinding machine imports to Portugal, together comprising 65% of total imports. Switzerland, Denmark, China, Ireland, France, Poland, the Netherlands and Austria lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +71.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to Portugal, comprising 37% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Italy, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Switzerland amounted to +64.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.0% per year) and Italy (+23.1% per year).

Import Prices by Country

In 2021, the average grinding machine import price amounted to $X per unit, reducing by -4.5% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grinding machine import price increased by +14.1% against 2017 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 29% against the previous year. The import price peaked at $X per unit in 2020, and then declined modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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