Portugal: Poultry Incubator Market 2024

Poultry Incubator Market Size in Portugal

In 2022, the Portuguese poultry incubator market increased by 1.8% to $X, rising for the second year in a row after four years of decline. Overall, consumption, however, recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Poultry Incubator Production in Portugal

In value terms, poultry incubator production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Poultry incubator production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Poultry Incubator Exports

Exports from Portugal

In 2022, poultry incubator exports from Portugal shrank to X units, dropping by -14.5% compared with 2021 figures. Over the period under review, exports saw a noticeable descent. The pace of growth appeared the most rapid in 2018 when exports increased by 264%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, poultry incubator exports fell modestly to $X in 2022. In general, exports showed a slight decline. The growth pace was the most rapid in 2018 when exports increased by 139%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Mozambique (X units) was the main destination for poultry incubator exports from Portugal, with a 96% share of total exports. Moreover, poultry incubator exports to Mozambique exceeded the volume sent to the second major destination, Angola (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mozambique amounted to -2.5%.

In value terms, Mozambique ($X) remains the key foreign market for poultry incubators and brooders exports from Portugal, comprising 95% of total exports. The second position in the ranking was held by Angola ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mozambique amounted to -1.4%.

Export Prices by Country

The average poultry incubator export price stood at $X per unit in 2022, with an increase of 11% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Angola totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+420.4%), while the prices for the other major destinations experienced mixed trend patterns.

Poultry Incubator Imports

Imports into Portugal

Poultry incubator imports into Portugal surged to X units in 2022, picking up by 23% compared with the previous year's figure. In general, imports posted a temperate increase. The most prominent rate of growth was recorded in 2019 when imports increased by 646% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, poultry incubator imports surged to $X in 2022. Over the period under review, imports showed a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 204%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Spain (X units) constituted the largest poultry incubator supplier to Portugal, with a 83% share of total imports. Moreover, poultry incubator imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X units), sevenfold. The third position in this ranking was taken by Italy (X units), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +110.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+33.0% per year) and Italy (-13.4% per year).

In value terms, Spain ($X) constituted the largest supplier of poultry incubators and brooders to Portugal, comprising 67% of total imports. The second position in the ranking was held by Belgium ($X), with a 20% share of total imports. It was followed by Italy, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +127.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+39.0% per year) and Italy (-2.5% per year).

Import Prices by Country

In 2022, the average poultry incubator import price amounted to $X per unit, picking up by 2.3% against the previous year. In general, the import price saw a temperate increase. The pace of growth appeared the most rapid in 2014 an increase of 59% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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