Portugal - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Portugal - 2023
Contents:
- Thermostat Price in Portugal (CIF) - 2023
- Thermostat Price in Portugal (FOB) - 2022
- Thermostat Imports in Portugal
- Thermostat Exports in Portugal
Thermostat Price in Portugal (CIF) - 2023
The average thermostat import price stood at $6.2 per unit in June 2023, surging by 4.6% against the previous month. Overall, import price indicated notable growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, thermostat import price increased by +87.1% against January 2023 indices. The pace of growth was the most pronounced in February 2023 when the average import price increased by 45% month-to-month. The import price peaked in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($8.9 per unit), while the price for Poland ($3.9 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Thermostat Price in Portugal (FOB) - 2022
The average thermostat export price stood at $13 per unit in 2022, declining by -1.6% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, thermostat export price increased by +25.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 76%. As a result, the export price reached the peak level of $19 per unit. From 2015 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 Angola ($37 per unit), while the average price for exports to Hungary ($2.5 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 Netherlands (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Imports in Portugal
Thermostat imports into Portugal shrank to 3.5M units in 2022, dropping by -15% against 2021 figures. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% 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 increased by +46.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 72%. As a result, imports reached the peak of 4.1M units, and then dropped in the following year.
In value terms, thermostat imports totaled $14M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 increased by +38.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Thermostat in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.4 | 4.0 | 4.5 | 6.1 | 11.5% |
| Germany | 1.5 | 1.3 | 2.5 | 2.7 | 21.6% |
| Italy | 1.8 | 1.7 | 2.1 | 2.1 | 5.3% |
| China | 0.3 | 0.9 | 1.7 | 1.3 | 63.0% |
| France | 0.6 | 0.4 | 0.6 | 0.7 | 5.3% |
| Netherlands | 1.1 | 1.1 | 1.0 | 0.4 | -28.6% |
| Others | 0.8 | 1.0 | 1.5 | 1.1 | 11.2% |
| Total | 10.5 | 10.4 | 13.8 | 14.5 | 11.4% |
Top Suppliers of Thermostat to Portugal in 2022:
- Spain (943.9K units)
- China (939.3K units)
- Germany (877.4K units)
- Netherlands (341.7K units)
- Italy (222.5K units)
- France (88.5K units)
Thermostat Exports in Portugal
For the fourth consecutive year, Portugal recorded growth in shipments abroad of thermostats, which increased by 2.4% to 321K units in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 420%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, thermostat exports reached $4.1M in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 565% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Thermostat in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 137 | 6.4 | 2,654 | 2,747 | 171.7% |
| Germany | 10.9 | 13.2 | 618 | 384 | 227.8% |
| United Kingdom | 25.9 | 35.1 | 240 | 248 | 112.3% |
| Russia | 0.6 | 0.2 | 1.0 | 95.9 | 442.7% |
| Spain | 107 | 159 | 126 | 82.6 | -8.3% |
| Italy | 2.5 | 20.7 | 17.9 | 35.9 | 143.1% |
| Switzerland | 8.5 | 18.1 | 47.3 | 31.6 | 54.9% |
| Others | 412 | 361 | 372 | 483 | 5.4% |
| Total | 705 | 613 | 4,076 | 4,109 | 80.0% |
Top Export Markets for Thermostat from Portugal in 2022:
- Netherlands (183.2K units)
- Germany (41.6K units)
- United Kingdom (21.4K units)
- Russia (16.2K units)
- Spain (12.8K units)
- Switzerland (6.4K units)
- Italy (6.1K units)
This report provides an in-depth analysis of the thermostat 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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