Portugal: Market for Machinery for Filtering or Purifying Gases 2024

Market Size for Machinery for Filtering or Purifying Gases in Portugal

In 2022, the Portuguese market for machinery for filtering or purifying gases decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate prominent growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Machinery for Filtering or Purifying Gases in Portugal

In value terms, production of machinery for filtering or purifying gases declined modestly to $X in 2022 estimated in export price. Overall, production, however, saw a notable increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Production of peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Machinery for Filtering or Purifying Gases

Exports from Portugal

In 2022, after five years of growth, there was significant decline in shipments abroad of machinery for filtering or purifying gases, when their volume decreased by X% to X units. Overall, exports, however, showed a strong increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports of attained the maximum at X units in 2021, and then dropped markedly in the following year.

In value terms, exports of machinery for filtering or purifying gases dropped rapidly to $X in 2022. In general, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Spain (X units), France (X units) and Angola (X units) were the main destinations of exports of machinery for filtering or purifying gases from Portugal, together comprising X% of total exports. The UK, Romania, Morocco, Canada and the United Arab Emirates 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 Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Angola ($X) appeared to be the largest markets for machinery for filtering or purifying gases exported from Portugal worldwide, together accounting for X% of total exports. Morocco, Romania, the UK, Canada and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to 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 export price for machinery for filtering or purifying gases stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price, however, posted pronounced growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Imports of Machinery for Filtering or Purifying Gases

Imports into Portugal

In 2022, after five years of growth, there was significant decline in overseas purchases of machinery for filtering or purifying gases, when their volume decreased by X% to X units. Over the period under review, imports, however, posted a strong increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, imports of machinery for filtering or purifying gases shrank markedly to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of machinery for filtering or purifying gases to Portugal, with a X% share of total imports. Moreover, imports of machinery for filtering or purifying gases from Spain exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. The third position in this ranking was taken by Japan (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Japan (X% per year).

In value terms, Japan ($X), Spain ($X) and Germany ($X) appeared to be the largest machinery for filtering or purifying gases suppliers to Portugal, with a combined X% share of total imports. Italy, Poland, Belgium and China lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Poland, 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 import price for machinery for filtering or purifying gases stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 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 Japan ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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