Portugal: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Portugal

In 2021, the Portuguese metal sawing machine market increased by 30% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a prominent increase. Metal sawing machine consumption peaked in 2021 and is expected to retain growth in years to come.

Metal Sawing Machine Exports

Exports from Portugal

Metal sawing machine exports from Portugal shrank notably to X units in 2021, with a decrease of -81.2% compared with the previous year's figure. Overall, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 495% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020, and then dropped dramatically in the following year.

In value terms, metal sawing machine exports dropped markedly to $X in 2021. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 544%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Spain (X units) was the main destination for metal sawing machine exports from Portugal, with a 65% share of total exports. Moreover, metal sawing machine exports to Spain exceeded the volume sent to the second major destination, Angola (X units), sevenfold. Brazil (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-26.5% per year) and Brazil (+19.2% per year).

In value terms, Brazil ($X), Spain ($X) and Angola ($X) were the largest markets for metal sawing machine exported from Portugal worldwide, together comprising 83% of total exports. Mexico, France, Cabo Verde, Mozambique and Guinea-Bissau lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, Mexico, with a CAGR of +54.4%, recorded the highest rates of growth with regard to the value of exports, 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 metal sawing machine export price amounted to $X per unit, picking up by 5.2% against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 39%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Brazil ($X per unit), while the average price for exports to Guinea-Bissau ($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 Mozambique (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Sawing Machine Imports

Imports into Portugal

In 2021, the amount of sawing or cutting-off machines for working metal imported into Portugal fell significantly to X units, declining by -15.4% compared with the year before. In general, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 80%. Over the period under review, imports hit record highs at X units in 2020, and then dropped markedly in the following year.

In value terms, metal sawing machine imports contracted to $X in 2021. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 39%. Over the period under review, imports hit record highs at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of metal sawing machine to Portugal, with a 43% share of total imports. Moreover, metal sawing machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+72.0% per year) and Germany (+16.9% per year).

In value terms, Italy ($X) constituted the largest supplier of sawing or cutting-off machines for working metal to Portugal, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Spain, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.7% per year) and Spain (+21.4% per year).

Import Prices by Country

The average metal sawing machine import price stood at $X per unit in 2021, rising by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2019 an increase of 34% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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