
Portugal - Bending or Assembling Machines - Market Analysis, Forecast, Size, Trends and Insights
Portugal: Wood Bending Machine Market 2022
Wood Bending Machine Market Size in Portugal
In 2021, the Portuguese wood bending machine market was finally on the rise to reach $X after two years of decline. Overall, consumption saw a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Wood Bending Machine Production in Portugal
In value terms, wood bending machine production amounted to $X in 2021 estimated in export price. In general, production recorded a mild decline. The pace of growth appeared the most rapid in 2013 with an increase of 42%. Wood bending machine production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.
Wood Bending Machine Exports
Exports from Portugal
In 2021, overseas shipments of bending or assembling machines decreased by 0% to X units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2019 with an increase of 103%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, wood bending machine exports totaled $X in 2021. In general, exports recorded a precipitous slump. The pace of growth was the most pronounced in 2019 when exports increased by 75%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
The United States (X units) was the main destination for wood bending machine exports from Portugal, accounting for a 66% share of total exports. Moreover, wood bending machine exports to the United States exceeded the volume sent to the second major destination, the UK (X units), twofold.
From 2012 to 2019, the average annual rate of growth in terms of volume to the United States was relatively modest.
In value terms, the UK ($X) remains the key foreign market for wood bending machine exports from Portugal, comprising 92% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.3% share of total exports.
From 2012 to 2019, the average annual growth rate of value to the UK stood at +117.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Angola (-32.6% per year).
Export Prices by Country
In 2021, the average wood bending machine export price amounted to $X per unit, remaining constant against the previous year. Overall, the export price showed a strong increase. The pace of growth appeared the most rapid in 2016 an increase of 24%. The export price peaked in 2021 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Angola.
From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +210.0% per year.
Wood Bending Machine Imports
Imports into Portugal
In 2021, after two years of growth, there was significant decline in purchases abroad of bending or assembling machines, when their volume decreased by -5.6% to X units. Overall, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 555% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.
In value terms, wood bending machine imports skyrocketed to $X in 2021. In general, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 702% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.
Imports by Country
Italy (X units), Germany (X units) and Spain (X units) were the main suppliers of wood bending machine imports to Portugal, together comprising 75% of total imports. Turkey and Austria lagged somewhat behind, together comprising a further 24%.
From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +69.5%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest wood bending machine suppliers to Portugal were Germany ($X), Italy ($X) and Spain ($X), with a combined 91% share of total imports. Austria and Turkey lagged somewhat behind, together comprising a further 7.7%.
Turkey, with a CAGR of +70.0%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average wood bending machine import price amounted to $X per unit, jumping by 138% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood bending machine 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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