Portugal: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Portugal

The Portuguese non-electronic hydro- and hygrometers market expanded modestly to $X in 2021, picking up by 3.2% against the previous year. Overall, consumption, however, saw a noticeable shrinkage. Non-electronic hydro- and hygrometers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Portugal

In value terms, non-electronic hydro- and hygrometers production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by 471%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Portugal

In 2021, approx. X units of non-electronic hydro-, hygro-, psychrometers were exported from Portugal; increasing by 104% on the year before. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 211%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers exports surged to $X in 2021. Over the period under review, exports showed a strong expansion. The pace of growth was the most pronounced in 2015 when exports increased by 469% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Angola (X units) was the main destination for non-electronic hydro- and hygrometers exports from Portugal, with a 63% share of total exports. Moreover, non-electronic hydro- and hygrometers exports to Angola exceeded the volume sent to the second major destination, Spain (X units), fourfold. The third position in this ranking was held by Israel (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola amounted to +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+28.9% per year) and Israel (+34.2% per year).

In value terms, Angola ($X) remains the key foreign market for non-electronic hydro-, hygro-, psychrometers exports from Portugal, comprising 81% of total exports. The second position in the ranking was held by Spain ($X), with a 5.5% share of total exports. It was followed by the United States, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value to Angola amounted to +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+30.6% per year) and the United States (+21.0% per year).

Export Prices by Country

In 2021, the average non-electronic hydro- and hygrometers export price amounted to $X per unit, rising by 18% against the previous year. Over the period under review, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 83%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Israel ($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 the United States (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Portugal

In 2021, imports of non-electronic hydro-, hygro-, psychrometers into Portugal soared to X units, with an increase of 19% compared with 2020 figures. In general, imports showed pronounced growth. The growth pace was the most rapid in 2013 with an increase of 163%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers imports surged to $X in 2021. Overall, imports saw prominent growth. The growth pace was the most rapid in 2013 with an increase of 133%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of non-electronic hydro- and hygrometers to Portugal, with a 42% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Germany (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+26.3% per year) and Germany (-6.0% per year).

In value terms, Spain ($X) constituted the largest supplier of non-electronic hydro-, hygro-, psychrometers to Portugal, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.8% share of total imports. It was followed by the Netherlands, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.2% per year) and the Netherlands (+20.0% per year).

Import Prices by Country

The average non-electronic hydro- and hygrometers import price stood at $X per unit in 2021, growing by 12% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-electronic hydro- and hygrometers import price increased by +37.1% against 2016 indices. The pace of growth was the most pronounced in 2014 an increase of 46%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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