Portugal: Test And Measurement Market 2024

Test And Measurement Market Size in Portugal

The Portuguese test and measurement market fell to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Test And Measurement Production in Portugal

In value terms, test and measurement production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Test And Measurement Exports

Exports from Portugal

In 2022, overseas shipments of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, test and measurement exports soared to $X in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X units), Slovakia (X units) and France (X units) were the main destinations of test and measurement exports from Portugal, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for test and measurement exported from Portugal were Spain ($X), France ($X) and Slovakia ($X), with a combined X% share of total exports.

Among the main countries of destination, Slovakia, with a CAGR of X.6%, recorded 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 2022, the average test and measurement export price amounted to $X per unit, rising by X% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 China ($X per unit), while the average price for exports to Poland ($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 Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Portugal

In 2022, approx. X units of instruments and apparatus for measuring or checking pressure of liquids or gasses were imported into Portugal; reducing by X% compared with the previous year. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, test and measurement imports reduced to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), Germany (X units) and Italy (X units) were the main suppliers of test and measurement imports to Portugal, together accounting for X% of total imports. China, France, the Netherlands, the UK and Poland lagged somewhat behind, together accounting for a further X%.

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 X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and France ($X) appeared to be the largest test and measurement suppliers to Portugal, together accounting for X% of total imports. Italy, China, the Netherlands, the UK and Poland lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average test and measurement import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a mild decline. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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