Portugal: Power Tool Market 2024

Power Tool Market Size in Portugal

For the fifth consecutive year, the Portuguese power tool market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption showed a prominent expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in years to come.

Power Tool Production in Portugal

In value terms, power tool production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2021, and then shrank in the following year.

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Power Tool Exports

Exports from Portugal

In 2022, overseas shipments of power tools decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, power tool exports declined rapidly to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined sharply in the following year.

Exports by Country

Spain (X units) was the main destination for power tool exports from Portugal, with a X% share of total exports. Moreover, power tool exports to Spain exceeded the volume sent to the second major destination, Angola (X units), threefold. The third position in this ranking was held by Germany (X units), with a X% share.

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

In value terms, the largest markets for power tool exported from Portugal were Spain ($X), Angola ($X) and Morocco ($X), with a combined X% share of total exports. Cabo Verde and Germany lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Germany, 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

In 2022, the average power tool export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Germany ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Power Tool Imports

Imports into Portugal

After six years of growth, overseas purchases of power tools decreased by X% to X units in 2022. In general, imports, however, posted strong growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2021, and then contracted in the following year.

In value terms, power tool imports contracted modestly to $X in 2022. Overall, imports, however, saw resilient growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Germany (X units), Spain (X units) and China (X units) were the main suppliers of power tool imports to Portugal, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and China ($X) constituted the largest power tool suppliers to Portugal, together comprising X% of total imports.

Among the main suppliers, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average power tool import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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