Portugal: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Portugal

The Portuguese machine tool for metal market stood at $X in 2022, standing approx. at the previous year. Over the period under review, consumption showed a resilient increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Machine Tools For Working Metal Without Removing Metal in Portugal

In value terms, machine tool for metal production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period 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 2015 when the production volume increased by X% against the previous year. Machine tool for metal production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Portugal

In 2022, the amount of machine tools for working metal without removing metal exported from Portugal plummeted to X units, waning by X% against the previous year's figure. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, machine tool for metal exports reduced remarkably to $X in 2022. In general, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Angola (X units), Algeria (X units) and Cabo Verde (X units) were the main destinations of machine tool for metal exports from Portugal, together accounting for X% of total exports. Germany, Mozambique, Spain, Hungary and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), Germany ($X) and Cabo Verde ($X) constituted the largest markets for machine tool for metal exported from Portugal worldwide, together accounting for X% of total exports. Algeria, Mozambique, Spain, Hungary and France lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 metal export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Algeria ($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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Portugal

In 2022, imports of machine tools for working metal without removing metal into Portugal reduced rapidly to X units, with a decrease of X% compared with the previous year. Over the period under review, imports continue to indicate a pronounced setback. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine tool for metal imports declined markedly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Spain (X units), Austria (X units) and Finland (X units) were the main suppliers of machine tool for metal imports to Portugal, with a combined X% share of total imports.

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

In value terms, the largest machine tool for metal suppliers to Portugal were Germany ($X), Spain ($X) and Italy ($X), together accounting for X% of total imports. Austria, Finland, China and the Netherlands lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, saw the highest rates of growth with regard to 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 machine tool for metal import price stood at $X per unit in 2022, surging by X% against the previous year. In general, import price indicated temperate 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 metal import price decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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