Portugal: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Portugal

After two years of decline, the Portuguese non-hydraulic press market increased by 3.8% to $X in 2021. In general, consumption, however, showed a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Hydraulic Press Production in Portugal

In value terms, non-hydraulic press production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 105%. Over the period under review, production attained the maximum level in 2021 and is likely to continue growth in the near future.

Non-Hydraulic Press Exports

Exports from Portugal

In 2021, approx. X units of non-hydraulic presses for working metal were exported from Portugal; reducing by -59.8% against 2020. In general, exports faced a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 243% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-hydraulic press exports soared to $X in 2021. Overall, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 128%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X units) was the main destination for non-hydraulic press exports from Portugal, accounting for a 35% share of total exports. Moreover, non-hydraulic press exports to Senegal exceeded the volume sent to the second major destination, Angola (X units), twofold. Cabo Verde (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Senegal totaled +45.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-13.9% per year) and Cabo Verde (-6.3% per year).

In value terms, the Netherlands ($X), Germany ($X) and Senegal ($X) were the largest markets for non-hydraulic press exported from Portugal worldwide, with a combined 35% share of total exports. These countries were followed by Morocco, Angola, Mozambique, Cabo Verde, Guinea-Bissau, the United States and India, which together accounted for a further 12%.

Guinea-Bissau, with a CAGR of +79.1%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average non-hydraulic press export price amounted to $X per unit, growing by 204% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Guinea-Bissau ($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 Netherlands (+14,308.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Hydraulic Press Imports

Imports into Portugal

In 2021, approx. X units of non-hydraulic presses for working metal were imported into Portugal; surging by 686% on 2020. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-hydraulic press imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Vietnam (X units) constituted the largest non-hydraulic press supplier to Portugal, accounting for a 59% share of total imports. Moreover, non-hydraulic press imports from Vietnam exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by Spain (X units), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+41.6% per year) and Spain (+12.0% per year).

In value terms, the largest non-hydraulic press suppliers to Portugal were Spain ($X), Germany ($X) and Italy ($X), together comprising 83% of total imports. China, Japan, Canada, the United States and Vietnam lagged somewhat behind, together accounting for a further 4.8%.

China, with a CAGR of +57.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-hydraulic press import price stood at $X per unit in 2021, reducing by -69.8% against the previous year. Overall, the import price faced a sharp downturn. The growth pace was the most rapid in 2020 an increase of 59% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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