Portugal: Files And Rasps Market 2024

Files And Rasps Market Size in Portugal

The Portuguese files and rasps market declined to $X in 2022, reducing by -10.8% against the previous year. In general, consumption recorded a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Files And Rasps Production in Portugal

In value terms, files and rasps production fell to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 1.5% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Files And Rasps Exports

Exports from Portugal

In 2022, approx. X units of files, rasps and similar tools were exported from Portugal; waning by -4.3% against 2021. The total export volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 62% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then declined modestly in the following year.

In value terms, files and rasps exports fell to $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 63%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

The Netherlands (X units) was the main destination for files and rasps exports from Portugal, with a 69% share of total exports. Moreover, files and rasps exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X units), fivefold. Spain (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.6% per year) and Spain (+14.7% per year).

In value terms, the Netherlands ($X) remains the key foreign market for files, rasps and similar tools exports from Portugal, comprising 59% of total exports. The second position in the ranking was taken by Germany ($X), with a 15% share of total exports. It was followed by Spain, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.2% per year) and Spain (+12.0% per year).

Export Prices by Country

The average files and rasps export price stood at $X per unit in 2022, reducing by -7.3% against the previous year. Over the period under review, the export price saw a mild setback. The pace of growth appeared the most rapid in 2018 an increase of 6.6%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 the United States ($X per unit), while the average price for exports to the Netherlands ($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 the United States (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Files And Rasps Imports

Imports into Portugal

In 2022, after five years of growth, there was significant decline in purchases abroad of files, rasps and similar tools, when their volume decreased by -17.7% to X units. Over the period under review, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 35%. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, files and rasps imports shrank notably to $X in 2022. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of files and rasps to Portugal, accounting for a 66% share of total imports. Moreover, files and rasps imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was held by Spain (X units), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.9% per year) and Spain (+15.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of files, rasps and similar tools to Portugal, comprising 58% of total imports. The second position in the ranking was held by Switzerland ($X), with a 15% share of total imports. It was followed by Spain, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-0.6% per year) and Spain (+16.0% per year).

Import Prices by Country

In 2022, the average files and rasps import price amounted to $X per unit, with a decrease of -11.5% against the previous year. Overall, the import price continues to indicate a slight slump. The growth pace was the most rapid in 2013 when the average import price increased by 11% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average 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 Switzerland ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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