Portugal: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Portugal

The Portuguese market for parts of apparatus of hs declined to $X in 2021, with a decrease of -7.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a resilient increase. Parts of apparatus of hs consumption peaked at $X in 2020, and then shrank in the following year.

Exports of Parts Of Apparatus Of Hs

Exports from Portugal

In 2021, the amount of parts of apparatus of hs exported from Portugal soared to X units, with an increase of 28% compared with the previous year's figure. Overall, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 56%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, parts of apparatus of hs exports expanded significantly to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +51.6% against 2015 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 33%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

France (X units), Spain (X units) and Angola (X units) were the main destinations of parts of apparatus of hs exports from Portugal, together comprising 47% of total exports. The Czech Republic, Germany, Belgium, Italy, the Netherlands, China, Vietnam, Luxembourg, the UK and Hungary lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +138.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for parts of apparatus of hs exported from Portugal were Spain ($X), the UK ($X) and Angola ($X), with a combined 32% share of total exports. These countries were followed by Italy, France, the Netherlands, Germany, Hungary, the Czech Republic, Luxembourg, Vietnam, China and Belgium, which together accounted for a further 38%.

In terms of the main countries of destination, Hungary, with a CAGR of +152.1%, 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 export price for parts of apparatus of hs stood at $X per unit in 2021, falling by -10.8% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs export price increased by +51.6% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 23%. As a result, the export price attained the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Portugal

In 2021, the amount of parts of apparatus of hs imported into Portugal declined to X units, waning by -3.6% compared with 2020 figures. Over the period under review, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 46%. Imports peaked at X units in 2020, and then contracted modestly in the following year.

In value terms, parts of apparatus of hs imports rose modestly to $X in 2021. In general, imports, however, saw a strong increase. The growth pace was the most rapid in 2018 with an increase of 48% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

The Netherlands (X units), Spain (X units) and China (X units) were the main suppliers of parts of apparatus of hs imports to Portugal, with a combined 67% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +15.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and China ($X) constituted the largest parts of apparatus of hs suppliers to Portugal, with a combined 68% share of total imports.

China, with a CAGR of +18.5%, saw the highest rates of growth with regard to 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 2021, the average import price for parts of apparatus of hs amounted to $X per unit, increasing by 6.6% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2013 when the average import price increased by 12%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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