
Portugal - Planing, Milling or Moulding Machines - Market Analysis, Forecast, Size, Trends and Insights
Portugal: Wood Milling Machine Market 2022
Wood Milling Machine Market Size in Portugal
In 2021, the Portuguese wood milling machine market decreased by -15.3% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.
Wood Milling Machine Production in Portugal
In value terms, wood milling machine production rose sharply to $X in 2021 estimated in export price. In general, production showed a abrupt downturn. Wood milling machine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.
Wood Milling Machine Exports
Exports from Portugal
After three years of decline, overseas shipments of planing, milling or moulding machines increased by 57% to X units in 2021. Over the period under review, exports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 160% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, wood milling machine exports shrank rapidly to $X in 2021. Overall, exports, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2015 when exports increased by 197% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then contracted dramatically in the following year.
Exports by Country
Germany (X units) was the main destination for wood milling machine exports from Portugal, with a 272% share of total exports. Moreover, wood milling machine exports to Germany exceeded the volume sent to the second major destination, Angola (X units), more than tenfold. Spain (X units) ranked third in terms of total exports with an 18% share.
From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-2.2% per year) and Spain (+30.0% per year).
In value terms, the largest markets for wood milling machine exported from Portugal were Germany ($X), Spain ($X) and Angola ($X).
Australia, with a CAGR of +124.4%, saw the highest rates of growth with regard to the value of exports, in terms of 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 wood milling machine export price stood at $X per unit in 2021, with a decrease of -63.2% against the previous year. Over the period under review, the export price, however, enjoyed mild growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 177% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced markedly in the following year.
Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while the average price for exports to Germany ($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 Spain (+3.0%), while the prices for the other major destinations experienced a decline.
Wood Milling Machine Imports
Imports into Portugal
In 2021, approx. X units of planing, milling or moulding machines were imported into Portugal; picking up by 9.7% on the previous year. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 117% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, wood milling machine imports soared to $X in 2021. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 119%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.
Imports by Country
China (X units), Spain (X units) and Italy (X units) were the main suppliers of wood milling machine imports to Portugal, together accounting for 72% of total imports. Germany, Turkey, France and Belgium lagged somewhat behind, together accounting for a further 18%.
From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +85.9%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Spain ($X) constituted the largest supplier of wood milling machine to Portugal, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Italy, with an 11% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+52.3% per year) and Italy (+44.7% per year).
Import Prices by Country
In 2021, the average wood milling machine import price amounted to $X per unit, surging by 16% against the previous year. In general, the import price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by 45%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood milling machine market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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