Portugal: Parachute Market 2024

Parachute Market Size in Portugal

The Portuguese parachute market contracted to $X in 2021, waning by -7.4% against the previous year. Overall, consumption recorded a deep downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Parachute Production in Portugal

In value terms, parachute production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 226%. Parachute production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Parachute Exports

Exports from Portugal

In 2021, the amount of parachutes and rotochutes exported from Portugal soared to X tons, growing by 123% compared with 2020 figures. In general, exports saw resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 365% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, parachute exports soared to $X in 2021. Overall, exports saw a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 434%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for parachute exports from Portugal, with a 59% share of total exports. Moreover, parachute exports to the United States exceeded the volume sent to the second major destination, the UK (X kg), fourfold. India (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and India (+60.4% per year).

In value terms, the United States ($X) remains the key foreign market for parachutes and rotochutes exports from Portugal, comprising 66% of total exports. The second position in the ranking was taken by the UK ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and the United Arab Emirates (+67.8% per year).

Export Prices by Country

In 2021, the average parachute export price amounted to $X per ton, shrinking by -11.9% against the previous year. Over the period under review, the export price saw a slight decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 87% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Angola ($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 Guatemala (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Parachute Imports

Imports into Portugal

In 2021, approx. X tons of parachutes and rotochutes were imported into Portugal; increasing by 88% compared with the previous year's figure. Overall, imports, however, faced a abrupt decrease. The growth pace was the most rapid in 2015 when imports increased by 101% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, parachute imports surged to $X in 2021. Over the period under review, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by 106%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X kg), Vietnam (X kg) and the United States (X kg) were the main suppliers of parachute imports to Portugal, together accounting for 70% of total imports. France, Israel, the UK, Spain and Germany lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +72.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest parachute suppliers to Portugal were Vietnam ($X), the United States ($X) and France ($X), together comprising 74% of total imports. Poland, Israel, the UK, Spain and Germany lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Poland, with a CAGR of +71.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average parachute import price stood at $X per ton in 2021, surging by 9.1% against the previous year. Overall, the import price, however, recorded a noticeable decline. The growth pace was the most rapid in 2018 an increase of 28%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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