Report Update: Apr 1, 2024

Portugal - Radio Remote Control Apparatus - Market Analysis, Forecast, Size, Trends And Insights

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Remote Control Apparatus Price in Portugal - 2023

Remote Control Apparatus Price in Portugal (FOB) - 2023

In May 2023, the average remote control apparatus export price amounted to $23.7 per unit, increasing by 3% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in August 2022 an increase of 41% month-to-month. Over the period under review, the average export prices attained the maximum in May 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($25.8 per unit), while the average price for exports to Spain ($9.1 per unit) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.

Remote Control Apparatus Price in Portugal (CIF) - 2023

The average remote control apparatus import price stood at $3.3 per unit in May 2023, surging by 40% against the previous month. Over the period under review, the import price, however, saw a deep contraction. The growth pace was the most rapid in January 2023 when the average import price increased by 196% month-to-month. Over the period under review, average import prices reached the maximum at $7.5 per unit in May 2022; however, from June 2022 to May 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was the United States ($14.7 per unit), while the price for Spain ($1.7 per unit) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Remote Control Apparatus Exports in Portugal

In 2022, approx. 7.2M units of radio remote control apparatus were exported from Portugal; picking up by 84% compared with 2021 figures. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, remote control apparatus exports soared to $135M in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 224%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Export of Remote Control Apparatus in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	N/A	0.4	27.0	74.2	1262.0%
Belgium	N/A	2.6	8.5	45.9	320.2%
Spain	2.1	4.7	4.4	8.1	56.8%
France	3.1	6.1	5.8	5.0	17.3%
Austria	N/A	N/A	1.3	0.5	-61.5%
Czech Republic	0.8	1.0	1.0	0.3	-27.9%
Others	0.5	1.0	2.8	0.8	17.0%
Total	6.5	15.7	50.8	135	174.9%

Top Export Markets for Remote Control Apparatus from Portugal in 2022:

Sweden (3.1M units)
Belgium (1.9M units)
Spain (1.3M units)
France (0.5M units)
Czech Republic (0.1M units)
Austria (0.1M units)

Remote Control Apparatus Imports in Portugal

In 2022, purchases abroad of radio remote control apparatus decreased by -11.5% to 3.8M units, falling for the second year in a row after two years of growth. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 69%. As a result, imports reached the peak of 4.5M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, remote control apparatus imports reduced to $12M in 2022. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 2% against the previous year. Imports peaked at $15M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Remote Control Apparatus in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	1.9	2.3	2.5	2.8	13.8%
Germany	3.9	1.2	3.0	2.0	-20.0%
Italy	1.2	1.4	2.2	1.7	12.3%
China	1.5	1.1	1.3	1.5	0.0%
United States	0.2	0.1	0.6	1.3	86.6%
Netherlands	0.7	1.1	0.3	1.1	16.3%
Mexico	2.3	2.5	1.6	0.9	-26.9%
Others	3.2	3.4	2.0	0.9	-34.5%
Total	14.7	13.2	13.5	12.1	-6.3%

Top Suppliers of Remote Control Apparatus to Portugal in 2022:

Spain (1936.2K units)
Italy (599.6K units)
Netherlands (474.5K units)
China (337.7K units)
Germany (212.3K units)
United States (96.9K units)
Mexico (73.8K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the remote control apparatus market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26512080 - Radio remote control apparatus (including for ships, pilotless aircraft, rockets, missiles, toys, and model ships or aircraft, for machines, for the detonation of mines)

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023