Portugal: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Portugal

In 2022, the Portuguese machine-tool for working metal market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, recorded a perceptible curtailment. Machine-tool for working metal consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Machine Tools For Working Metal in Portugal

In value terms, machine-tool for working metal production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Machine-tool for working metal production peaked at $X in 2021, and then declined in the following year.

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Exports of Machine Tools For Working Metal

Exports from Portugal

Machine-tool for working metal exports from Portugal skyrocketed to X units in 2022, with an increase of X% on 2021. Over the period under review, exports showed a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, machine-tool for working metal exports surged to $X in 2022. Overall, total exports indicated perceptible growth from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Spain (X units) was the main destination for machine-tool for working metal exports from Portugal, with a X% share of total exports. Moreover, machine-tool for working metal exports to Spain exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, Spain ($X), the United States ($X) and the UK ($X) constituted the largest markets for machine-tool for working metal exported from Portugal worldwide, with a combined X% share of total exports. Poland, Russia, the Netherlands, Italy, Germany, Angola, Mexico, France, Morocco and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Belgium, with a CAGR of X%, recorded 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 machine-tool for working metal export price stood at $X per unit in 2022, almost unchanged from the previous year. In general, export price indicated modest growth 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. Based on 2022 figures, machine-tool for working metal export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 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 the Netherlands ($X per unit), while the average price for exports to Spain ($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 Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Portugal

In 2022, purchases abroad of machine tools for working metal increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, machine-tool for working metal imports soared to $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), China (X units) and Germany (X units) were the main suppliers of machine-tool for working metal imports to Portugal, together comprising X% of total imports. Turkey, Italy, Belgium, France and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, Spain ($X), Germany ($X) and Italy ($X) appeared to be the largest machine-tool for working metal suppliers to Portugal, together accounting for X% of total imports. China, Turkey, France, Belgium and the Netherlands lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded 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 2022, the average machine-tool for working metal import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked at $X per unit in 2021, and then fell in the following year.

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

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

Source: IndexBox Platform

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