Portugal: Seeder And Planter Market 2024

Seeder And Planter Market Size in Portugal

In 2021, the Portuguese seeder and planter market decreased by -6.5% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Seeder And Planter Production in Portugal

In value terms, seeder and planter production expanded modestly to $X in 2021 estimated in export price. In general, production recorded a deep downturn. Seeder and planter production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Seeder And Planter Exports

Exports from Portugal

In 2016, overseas shipments of seeders, planters, transplanters decreased by -33.3% to X units, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2013 when exports increased by 122% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2016, the growth of the exports failed to regain momentum.

In value terms, seeder and planter exports soared to $X in 2016. Over the period under review, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 143% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2016, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Angola (X units) was the main destination for seeder and planter exports from Portugal, with a 85% share of total exports. Moreover, seeder and planter exports to Angola exceeded the volume sent to the second major destination, Tunisia (X units), more than tenfold. The third position in this ranking was taken by Senegal (X units), with a 3.8% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Angola totaled -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (0.0% per year) and Senegal (0.0% per year).

In value terms, Angola ($X), Tunisia ($X) and Senegal ($X) appeared to be the largest markets for seeder and planter exported from Portugal worldwide, with a combined 98% share of total exports.

Among the main countries of destination, Tunisia, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average seeder and planter export price stood at $X per unit in 2016, rising by 121% against the previous year. In general, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+6.7%), while the prices for the other major destinations experienced a decline.

Seeder And Planter Imports

Imports into Portugal

Seeder and planter imports into Portugal soared to X units in 2016, rising by 17% compared with the previous year's figure. Overall, total imports indicated a buoyant expansion from 2012 to 2016: its volume increased at an average annual rate of +14.6% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by +72.5% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. Imports peaked in 2016 and are expected to retain growth in years to come.

In value terms, seeder and planter imports soared to $X in 2016. In general, total imports indicated a resilient expansion from 2012 to 2016: its value increased at an average annual rate of +17.5% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by +90.7% against 2012 indices. The growth pace was the most rapid in 2013 when imports increased by 33%. Imports peaked in 2016 and are likely to see gradual growth in years to come.

Imports by Country

In 2016, Italy (X units) constituted the largest seeder and planter supplier to Portugal, accounting for a 54% share of total imports. Moreover, seeder and planter imports from Italy exceeded the figures recorded by the second-largest supplier, France (X units), twofold. Spain (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from Italy stood at +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+15.7% per year) and Spain (+16.0% per year).

In value terms, Italy ($X) constituted the largest supplier of seeders, planters, transplanters to Portugal, comprising 66% of total imports. The second position in the ranking was held by France ($X), with a 20% share of total imports. It was followed by Spain, with a 6.4% share.

From 2012 to 2016, the average annual growth rate of value from Italy totaled +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+23.8% per year) and Spain (-1.8% per year).

Import Prices by Country

The average seeder and planter import price stood at $X per unit in 2016, with an increase of 7.8% against the previous year. Over the period from 2012 to 2016, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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