Portugal: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Portugal

In 2022, the Portuguese air conditioning machine market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, enjoyed a resilient expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Air Conditioning Machine Production in Portugal

In value terms, air conditioning machine production fell dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decrease. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Air conditioning machine production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Air Conditioning Machine Exports

Exports from Portugal

In 2022, shipments abroad of air conditioning machines increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a abrupt slump. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, air conditioning machine exports surged to $X in 2022. Overall, exports, however, saw a deep contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units), Spain (X units) and Angola (X units) were the main destinations of air conditioning machine exports from Portugal, together comprising X% of total exports. Italy, Belgium, Cabo Verde, Germany and Mozambique lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for air conditioning machine exported from Portugal were France ($X), Spain ($X) and Angola ($X), with a combined X% share of total exports. Italy, Belgium, Germany, Cabo Verde and Mozambique lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Belgium, with a CAGR of X%, saw the highest growth rate of 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

The average air conditioning machine export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, export price indicated a notable expansion 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 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the 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 Germany ($X per unit), while the average price for exports to Cabo Verde ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Portugal

In 2022, approx. X units of air conditioning machines were imported into Portugal; picking up by X% on 2021 figures. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, air conditioning machine imports expanded to $X in 2022. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Spain (X units) constituted the largest air conditioning machine supplier to Portugal, accounting for a X% share of total imports. Moreover, air conditioning machine imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Turkey (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

In value terms, Spain ($X), China ($X) and Turkey ($X) appeared to be the largest air conditioning machine suppliers to Portugal, together comprising X% of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average air conditioning machine import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform