Portugal: Market for Parts Of Harvester And Threshers 2022

Market Size for Parts Of Harvester And Threshers in Portugal

The Portuguese market for parts of harvester and threshers fell slightly to $X in 2021, dropping by -3.3% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.3% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Parts Of Harvester And Threshers in Portugal

In value terms, parts of harvester and threshers production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 51%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Portugal

In 2021, the amount of parts of harvester and threshers exported from Portugal surged to X units, with an increase of 17% compared with 2020. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 88% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 83% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Switzerland (X units), Spain (X units) and Angola (X units) were the main destinations of parts of harvester and threshers exports from Portugal, with a combined 84% share of total exports. Brazil, France and Argentina lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +615.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for parts of harvester and threshers exported from Portugal were Brazil ($X), Spain ($X) and Switzerland ($X), together comprising 86% of total exports. Angola, Argentina and France lagged somewhat behind, together accounting for a further 12%.

Argentina, with a CAGR of +704.3%, recorded 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

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, rising by 14% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 39%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Brazil ($X per unit), while the average price for exports to France ($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 Argentina (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Parts Of Harvester And Threshers

Imports into Portugal

Parts of harvester and threshers imports into Portugal declined to X units in 2021, falling by -8.3% compared with the year before. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +10.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.3% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 84% against the previous year. Over the period under review, imports attained the maximum at X units in 2020, and then reduced in the following year.

In value terms, parts of harvester and threshers imports fell to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.1% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 69% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Spain (X units) constituted the largest parts of harvester and threshers supplier to Portugal, accounting for a 42% share of total imports. Moreover, parts of harvester and threshers imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was held by Italy (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+33.9% per year) and Italy (+7.5% per year).

In value terms, Spain ($X) constituted the largest supplier of parts of harvester and threshers to Portugal, comprising 43% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.1% per year) and Germany (+13.4% per year).

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, remaining constant against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 15% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per unit), while the price for China ($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 (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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