Portugal: Magnetic Card Market 2024

Magnetic Card Market Size in Portugal

The Portuguese magnetic card market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Magnetic Card Production in Portugal

In value terms, magnetic card production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Magnetic card production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Magnetic Card Exports

Exports from Portugal

In 2022, exports of cards incorporating a magnetic stripe from Portugal contracted dramatically to X units, shrinking by X% compared with 2021. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then declined dramatically in the following year.

In value terms, magnetic card exports contracted sharply to $X in 2022. In general, exports showed a perceptible descent. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Angola (X units) was the main destination for magnetic card exports from Portugal, accounting for a X% share of total exports. Moreover, magnetic card exports to Angola exceeded the volume sent to the second major destination, Mozambique (X units), threefold. The third position in this ranking was taken by Cabo Verde (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Cabo Verde (X% per year).

In value terms, Mozambique ($X), Angola ($X) and Cabo Verde ($X) were the largest markets for magnetic card exported from Portugal worldwide, with a combined X% share of total exports. These countries were followed by Sao Tome and Principe, which accounted for a further X%.

Sao Tome and Principe, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average magnetic card export price amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price, however, saw a measured expansion. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Magnetic Card Imports

Imports into Portugal

In 2022, purchases abroad of cards incorporating a magnetic stripe increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports, however, saw a perceptible slump. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, magnetic card imports soared to $X in 2022. Over the period under review, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), the UK (X units) and France (X units) were the main suppliers of magnetic card imports to Portugal, with a combined X% share of total imports. Spain, Poland, Italy and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest magnetic card suppliers to Portugal were the UK ($X), Poland ($X) and the United States ($X), together comprising X% of total imports.

Poland, with a CAGR of X%, saw 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

The average magnetic card import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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