Portugal: Threshing Machinery Market 2024

Threshing Machinery Market Size in Portugal

The Portuguese threshing machinery market expanded rapidly to $X in 2022, picking up by 5% against the previous year. Over the period under review, consumption, however, continues to indicate a slight slump. Threshing machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Threshing Machinery Production in Portugal

In value terms, threshing machinery production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, saw a slight decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 32%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Threshing Machinery Exports

Exports from Portugal

In 2022, after two years of growth, there was significant decline in shipments abroad of threshing machinery except combine harvester-threshers, when their volume decreased by -41.2% to X units. Overall, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 750% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, threshing machinery exports dropped notably to $X in 2022. Over the period under review, exports, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,710% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for threshing machinery exports from Portugal, with a 60% share of total exports. Moreover, threshing machinery exports to Spain exceeded the volume sent to the second major destination, Sao Tome and Principe (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (0.0% per year) and the Netherlands (-8.3% per year).

In value terms, Spain ($X) emerged as the key foreign market for threshing machinery except combine harvester-threshers exports from Portugal, comprising 51% of total exports. The second position in the ranking was taken by Angola ($X), with an 18% share of total exports. It was followed by Sao Tome and Principe, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+26.6% per year) and Sao Tome and Principe (+57.2% per year).

Export Prices by Country

In 2022, the average threshing machinery export price amounted to $X per unit, which is down by -7.8% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 an increase of 154% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into Portugal

Threshing machinery imports into Portugal declined to X units in 2022, standing approx. at 2021 figures. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 394%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, threshing machinery imports contracted modestly to $X in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 447%. Imports peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

Spain (X units), the Netherlands (X units) and Italy (X units) were the main suppliers of threshing machinery imports to Portugal, together accounting for 58% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +35.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to Portugal, comprising 46% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by Germany, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +39.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+50.2% per year) and Germany (+72.9% per year).

Import Prices by Country

The average threshing machinery import price stood at $X per unit in 2022, falling by -1.5% against the previous year. Overall, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 56%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained 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 Spain ($X per unit), while the price for Brazil ($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 (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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