Portugal: Spades And Shovels Market 2025

Spades And Shovels Market Size in Portugal

The Portuguese spades and shovels market skyrocketed to $X in 2021, with an increase of 55% against the previous year. In general, consumption saw a resilient increase. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Spades And Shovels Production in Portugal

In value terms, spades and shovels production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Spades And Shovels Exports

Exports from Portugal

In 2021, after three years of decline, there was significant growth in shipments abroad of spades and shovels, when their volume increased by 65% to X tons. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, spades and shovels exports surged to $X in 2021. Overall, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for spades and shovels exports from Portugal, with a 52% share of total exports. Moreover, spades and shovels exports to Spain exceeded the volume sent to the second major destination, Cabo Verde (X tons), twofold. The third position in this ranking was held by Angola (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+18.9% per year) and Angola (-14.7% per year).

In value terms, Spain ($X) remains the key foreign market for spades and shovels exports from Portugal, comprising 51% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a 22% share of total exports. It was followed by Angola, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+25.5% per year) and Angola (-12.2% per year).

Export Prices by Country

In 2021, the average spades and shovels export price amounted to $X per ton, surging by 7.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Sao Tome and Principe ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Spades And Shovels Imports

Imports into Portugal

In 2021, purchases abroad of spades and shovels increased by 37% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 58%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, spades and shovels imports skyrocketed to $X in 2021. Overall, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest spades and shovels supplier to Portugal, with a 53% share of total imports. Moreover, spades and shovels imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+12.8% per year) and the Netherlands (+3.4% per year).

In value terms, China ($X), Spain ($X) and France ($X) were the largest spades and shovels suppliers to Portugal, together comprising 88% of total imports.

Among the main suppliers, China, with a CAGR of +30.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average spades and shovels import price amounted to $X per ton, surging by 24% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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