Portugal: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Portugal

The Portuguese wood milling machine market soared to $X in 2021, with an increase of 25% against the previous year. Overall, consumption saw significant growth. Wood milling machine consumption peaked in 2021 and is expected to retain growth in the near future.

Wood Milling Machine Production in Portugal

In value terms, wood milling machine production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, faced a deep contraction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wood Milling Machine Exports

Exports from Portugal

In 2021, wood milling machine exports from Portugal surged to X units, with an increase of 32% compared with the previous year's figure. Overall, exports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 161%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, wood milling machine exports dropped rapidly to $X in 2021. Over the period under review, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 with an increase of 197% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted remarkably in the following year.

Exports by Country

Spain (X units) was the main destination for wood milling machine exports from Portugal, with a 44% share of total exports. Moreover, wood milling machine exports to Spain exceeded the volume sent to the second major destination, Angola (X units), twofold. The third position in this ranking was held by Cabo Verde (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +65.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-3.4% per year) and Cabo Verde (+41.1% per year).

In value terms, the largest markets for wood milling machine exported from Portugal were Spain ($X), Angola ($X) and Australia ($X), together comprising 68% of total exports.

Australia, with a CAGR of +124.8%, recorded the highest rates of growth with regard to 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

The average wood milling machine export price stood at $X per unit in 2021, with a decrease of -55.6% against the previous year. In general, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2020 an increase of 36% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, 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 the UK ($X per unit), while the average price for exports to Cabo Verde ($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 United States (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Milling Machine Imports

Imports into Portugal

Wood milling machine imports into Portugal soared to X units in 2021, growing by 26% compared with the year before. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 168% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, wood milling machine imports soared to $X in 2021. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 119%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Spain (X units) and Italy (X units) were the main suppliers of wood milling machine imports to Portugal, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +89.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of planing, milling or moulding machines to Portugal, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+52.3% per year) and Italy (+44.7% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, approximately mirroring the previous year. In general, the import price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2019 an increase of 78% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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