Portugal: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Portugal

In 2022, the Portuguese personal weighing machine market decreased by -25.4% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, recorded buoyant growth. Personal weighing machine consumption peaked at $X in 2021, and then shrank dramatically in the following year.

Personal Weighing Machine Exports

Exports from Portugal

In 2022, shipments abroad of personal weighing machines decreased by -8.7% to X units, falling for the second year in a row after five years of growth. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 44%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, personal weighing machine exports declined to $X in 2022. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 39% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X units), Spain (X units) and Cabo Verde (X units) were the main destinations of personal weighing machine exports from Portugal, with a combined 79% share of total exports. Sao Tome and Principe, France and Tunisia lagged somewhat behind, together accounting for a further 7.7%.

From 2012 to 2022, the biggest increases were recorded for Sao Tome and Principe (with a CAGR of +13.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the key foreign market for personal weighing machines exports from Portugal, comprising 51% of total exports. The second position in the ranking was taken by Spain ($X), with a 19% share of total exports. It was followed by Cabo Verde, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Angola stood at -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-8.2% per year) and Cabo Verde (+2.4% per year).

Export Prices by Country

In 2022, the average personal weighing machine export price amounted to $X per unit, falling by -5% against the previous year. Over the period under review, the export price recorded a pronounced slump. The growth pace was the most rapid in 2021 when the average export price increased by 98%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($X per unit), while the average price for exports to France ($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 Sao Tome and Principe (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Weighing Machine Imports

Imports into Portugal

In 2022, after two years of growth, there was significant decline in overseas purchases of personal weighing machines, when their volume decreased by -25.8% to X units. In general, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then fell remarkably in the following year.

In value terms, personal weighing machine imports dropped dramatically to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 35%. Over the period under review, imports hit record highs at $X in 2021, and then contracted significantly in the following year.

Imports by Country

Germany (X units), China (X units) and Spain (X units) were the main suppliers of personal weighing machine imports to Portugal, together accounting for 78% of total imports. The Netherlands and France lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +12.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest personal weighing machine suppliers to Portugal were Germany ($X), Spain ($X) and China ($X), together comprising 80% of total imports. The Netherlands and France lagged somewhat behind, together accounting for a further 15%.

France, with a CAGR of +10.4%, recorded the highest growth rate of the value of imports, among 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 personal weighing machine import price amounted to $X per unit, surging by 1.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 12% against the previous year. The import price peaked at $X per unit in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for the Netherlands ($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 (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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