Portugal: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in Portugal

In 2022, after three years of growth, there was significant decline in the Portuguese telephonic switching apparatus market, when its value decreased by -7.4% to $X. In general, consumption, however, saw a resilient increase. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Telephonic Switching Apparatus Production in Portugal

In value terms, telephonic switching apparatus production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 31%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Telephonic Switching Apparatus Exports

Exports from Portugal

Telephonic switching apparatus exports from Portugal contracted slightly to X units in 2022, dropping by -2.1% against the previous year. Over the period under review, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 111%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, telephonic switching apparatus exports expanded rapidly to $X in 2022. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 112% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X units) was the main destination for telephonic switching apparatus exports from Portugal, accounting for a 25% share of total exports. Moreover, telephonic switching apparatus exports to Germany exceeded the volume sent to the second major destination, the United States (X units), sixfold. Angola (X units) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +92.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.4% per year) and Angola (+0.5% per year).

In value terms, Germany ($X), the United States ($X) and Egypt ($X) constituted the largest markets for telephonic switching apparatus exported from Portugal worldwide, together accounting for 67% of total exports.

Among the main countries of destination, Egypt, with a CAGR of +169.9%, saw 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 telephonic switching apparatus export price amounted to $X per unit, picking up by 35% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 147%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to the UK ($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 Egypt (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Telephonic Switching Apparatus Imports

Imports into Portugal

In 2022, after four years of growth, there was significant decline in supplies from abroad of telephonic or telegraphic switching apparatus, when their volume decreased by -20.9% to X units. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. As a result, imports reached the peak of X units, and then reduced notably in the following year.

In value terms, telephonic switching apparatus imports expanded modestly to $X in 2022. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The Netherlands (X units), Spain (X units) and Sweden (X units) were the main suppliers of telephonic switching apparatus imports to Portugal, with a combined 26% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +17.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest telephonic switching apparatus suppliers to Portugal were the Netherlands ($X), Spain ($X) and France ($X), together accounting for 60% of total imports.

France, with a CAGR of +25.2%, saw the highest growth rate of the value of imports, among the main suppliers 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 telephonic switching apparatus import price amounted to $X per unit, shrinking by -20.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Poland ($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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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