Portugal: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Portugal

The Portuguese market for pneumatic or hydraulic hand tools soared to $X in 2021, jumping by 19% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +16.5% against 2018 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Production of Pneumatic Or Hydraulic Hand Tools in Portugal

In value terms, pneumatic or hydraulic hand tool production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a resilient increase. The growth pace was the most rapid in 2014 when the production volume increased by 266% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Portugal

In 2021, shipments abroad of pneumatic or hydraulic hand tools was finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of 63% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports reached $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2014 when exports increased by 34%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons), Angola (X tons) and Germany (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Portugal, together comprising 77% of total exports. Cabo Verde, Mozambique, the UK and Guinea lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +44.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Angola ($X) and Germany ($X) were the largest markets for pneumatic or hydraulic hand tool exported from Portugal worldwide, together accounting for 70% of total exports.

Spain, with a CAGR of +14.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, waning by -16.5% against the previous year. In general, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pneumatic or hydraulic hand tool export price increased by +28.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Guinea ($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 Spain (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Portugal

In 2021, the amount of pneumatic or hydraulic hand tools imported into Portugal rose sharply to X tons, growing by 14% against the previous year's figure. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.3% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 30% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports soared to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 30% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Portugal, together comprising 73% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +16.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Germany ($X) constituted the largest pneumatic or hydraulic hand tool suppliers to Portugal, with a combined 68% share of total imports.

China, with a CAGR of +18.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, growing by 5.1% against the previous year. Over the period under review, the import price, however, saw a perceptible descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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