Portugal: Memories Market 2024

Memories Market Size in Portugal

In 2023, the Portuguese memories market decreased by X% to $X, falling for the second consecutive year after six years of growth. Overall, consumption, however, recorded prominent growth. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Memories Production in Portugal

In value terms, memories production fell slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of X%. Memories production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Memories Exports

Exports from Portugal

In 2023, overseas shipments of multichip integrated circuits: memories increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, memories exports declined sharply to $X in 2023. In general, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2022, and then contracted remarkably in the following year.

Exports by Country

Malaysia (X units) was the main destination for memories exports from Portugal, accounting for a X% share of total exports. Moreover, memories exports to Malaysia exceeded the volume sent to the second major destination, Hong Kong SAR (X units), fourfold. India (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and India (X% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for multichip integrated circuits: memories exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average memories export price stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the export price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per unit in 2022, and then shrank markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Memories Imports

Imports into Portugal

In 2023, after two years of growth, there was significant decline in purchases abroad of multichip integrated circuits: memories, when their volume decreased by X% to X units. In general, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X units in 2022, and then declined significantly in the following year.

In value terms, memories imports dropped significantly to $X in 2023. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, France (X units) constituted the largest memories supplier to Portugal, with a X% share of total imports. Moreover, memories imports from France exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest memories suppliers to Portugal were France ($X), Germany ($X) and Singapore ($X), together accounting for X% of total imports.

In terms of the main suppliers, Singapore, with a CAGR of X%, recorded the highest growth rate of 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 memories import price stood at $X per unit in 2023, which is down by X% against the previous year. Overall, import price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, memories import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2023, the average import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform