Portugal: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Portugal

In 2022, the Portuguese non-numerically controlled sharpening machine market increased by 34% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, consumption showed pronounced growth. Non-numerically controlled sharpening machine consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Portugal

In value terms, non-numerically controlled sharpening machine production soared to $X in 2022 estimated in export price. Overall, production saw mild growth. The growth pace was the most rapid in 2015 with an increase of 67%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Portugal

In 2022, the amount of non-numerically controlled sharpening machines for working metal exported from Portugal shrank rapidly to X units, declining by -68.1% on the previous year's figure. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 499%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine exports dropped significantly to $X in 2022. Overall, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 106% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for non-numerically controlled sharpening machine exports from Portugal, accounting for a 94% share of total exports. Moreover, non-numerically controlled sharpening machine exports to Spain exceeded the volume sent to the second major destination, Israel (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +56.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (0.0% per year) and Germany (-27.2% per year).

In value terms, Spain ($X) remains the key foreign market for non-numerically controlled sharpening machines for working metal exports from Portugal, comprising 91% of total exports. The second position in the ranking was taken by Israel ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +38.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (0.0% per year) and Germany (-29.0% per year).

Export Prices by Country

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, dropping by -45.3% against the previous year. Over the period under review, the export price recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2013 when the average export price increased by 225%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-2.4%).

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Portugal

Non-numerically controlled sharpening machine imports into Portugal expanded sharply to X units in 2022, with an increase of 8.5% compared with 2021 figures. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 100% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine imports fell to $X in 2022. Over the period under review, imports showed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 100% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of non-numerically controlled sharpening machine to Portugal, accounting for a 68% share of total imports. Moreover, non-numerically controlled sharpening machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Spain (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.2% per year) and Spain (+31.7% per year).

In value terms, Germany ($X), China ($X) and Spain ($X) appeared to be the largest non-numerically controlled sharpening machine suppliers to Portugal, together comprising 86% of total imports.

China, with a CAGR of +23.0%, saw the highest rates of growth with regard to 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

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, dropping by -15.9% against the previous year. In general, the import price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 68% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, 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 Italy ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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