Portugal: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Portugal

The Portuguese numerically controlled drilling machine market surged to $X in 2021, growing by 110% against the previous year. Over the period under review, consumption recorded a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Numerically Controlled Drilling Machines For Working Metal in Portugal

In value terms, numerically controlled drilling machine production surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 5,913% against the previous year. Numerically controlled drilling machine production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Portugal

In 2021, shipments abroad of numerically controlled drilling machines for working metal decreased by -22.3% to X tons, falling for the third consecutive year after five years of growth. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 198% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, numerically controlled drilling machine exports declined to $X in 2021. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 171% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), the United States (X tons) and Romania (X tons) were the main destinations of numerically controlled drilling machine exports from Portugal, together comprising 68% of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +91.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United States ($X) and Romania ($X) were the largest markets for numerically controlled drilling machine exported from Portugal worldwide, together comprising 77% of total exports.

Romania, with a CAGR of +197.2%, recorded 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

In 2021, the average numerically controlled drilling machine export price amounted to $X per ton, increasing by 20% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 74%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+55.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Portugal

In 2021, approx. X tons of numerically controlled drilling machines for working metal were imported into Portugal; increasing by 224% against the previous year. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 288% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, numerically controlled drilling machine imports reduced dramatically to $X in 2021. Over the period under review, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 95%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Switzerland (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of numerically controlled drilling machine imports to Portugal, with a combined 85% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +172.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Turkey ($X) were the largest numerically controlled drilling machine suppliers to Portugal, together comprising 79% of total imports.

Germany, with a CAGR of +113.9%, recorded 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

The average numerically controlled drilling machine import price stood at $X per ton in 2021, shrinking by -78.7% against the previous year. Overall, the import price faced a sharp decrease. The pace of growth appeared the most rapid in 2017 an increase of 223% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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