Portugal: Wood Tool Market 2025

Wood Tool Market Size in Portugal

In 2021, after two years of growth, there was significant decline in the Portuguese wood tool market, when its value decreased by -19.1% to $X. Overall, consumption, however, recorded a prominent increase. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Wood Tool Production in Portugal

In value terms, wood tool production soared to $X in 2021 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +50.0% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 51%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Wood Tool Exports

Exports from Portugal

In 2021, wood tool exports from Portugal amounted to X tons, increasing by 8.2% against 2020. The total export volume increased at an average annual rate of +2.7% 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 29% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood tool exports soared to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +21.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons) was the main destination for wood tool exports from Portugal, with a 82% share of total exports. Moreover, wood tool exports to France exceeded the volume sent to the second major destination, Spain (X tons), eightfold. The third position in this ranking was taken by Belgium (X tons), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+1.6% per year) and Belgium (+8.4% per year).

In value terms, France ($X) remains the key foreign market for tools of wood exports from Portugal, comprising 80% of total exports. The second position in the ranking was taken by Spain ($X), with an 8.5% share of total exports. It was followed by Germany, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+2.1% per year) and Germany (+2.7% per year).

Export Prices by Country

The average wood tool export price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 18% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Algeria ($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 Algeria (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Imports

Imports into Portugal

In 2021, overseas purchases of tools of wood decreased by -37.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, posted a pronounced expansion. The pace of growth was the most pronounced in 2017 when imports increased by 115% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, wood tool imports dropped notably to $X in 2021. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 97% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of wood tool imports to Portugal, with a combined 68% share of total imports. These countries were followed by China, Brazil, Germany and Poland, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +28.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of tools of wood to Portugal, comprising 33% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+29.7% per year) and France (+5.8% per year).

Import Prices by Country

The average wood tool import price stood at $X per ton in 2021, picking up by 19% against the previous year. Overall, the import price enjoyed a tangible increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 31%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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 Spain ($X per ton), while the price for China ($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 (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :