Portugal: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Portugal

The Portuguese machine-tool for removing material market fell to $X in 2022, with a decrease of X% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in Portugal

In value terms, machine-tool for removing material production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Machine-tool for removing material production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Portugal

In 2022, overseas shipments of machine-tools for working any material by removal of material increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, machine-tool for removing material exports dropped to $X in 2022. Overall, exports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for machine-tool for removing material exports from Portugal, with a X% share of total exports. Moreover, machine-tool for removing material exports to Spain exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was held by the UK (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the UK (X% per year).

In value terms, Spain ($X) remains the key foreign market for machine-tools for working any material by removal of material exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and the UK (X% per year).

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to the United Arab Emirates ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Portugal

In 2022, the amount of machine-tools for working any material by removal of material imported into Portugal declined to X units, which is down by X% against 2021. In general, imports, however, showed tangible growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, machine-tool for removing material imports dropped to $X in 2022. Over the period under review, total imports indicated moderate 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 most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Spain (X units), Italy (X units) and China (X units) were the main suppliers of machine-tool for removing material imports to Portugal, with a combined X% share of total imports. The Netherlands, Turkey, Germany, South Korea and the United States 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 South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Italy ($X) constituted the largest machine-tool for removing material suppliers to Portugal, with a combined X% share of total imports. Germany, Turkey, South Korea, the Netherlands and the United States lagged somewhat behind, together comprising a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average machine-tool for removing material import price amounted to $X per unit, stabilizing at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for the Netherlands ($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

Frequently Asked Questions (FAQ) :