Portugal: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Portugal

The Portuguese harvesting machinery market declined markedly to $X in 2022, reducing by X% against the previous year. Overall, consumption faced a sharp slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Harvesting Machinery Production in Portugal

In value terms, harvesting machinery production surged to $X in 2022 estimated in export price. In general, production faced a abrupt curtailment. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Harvesting Machinery Exports

Exports from Portugal

In 2022, after five years of growth, there was decline in overseas shipments of root or tuber harvesting machines, when their volume decreased by X% to X units. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, harvesting machinery exports fell remarkably to $X in 2022. In general, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Cabo Verde (X units), Spain (X units) and Angola (X units) were the main destinations of harvesting machinery exports from Portugal, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cabo Verde (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Cabo Verde ($X) and Angola ($X) were the largest markets for harvesting machinery exported from Portugal worldwide, with a combined X% share of total exports.

Spain, with a CAGR of X%, saw the highest growth rate of 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

The average harvesting machinery export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Mozambique ($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.

Harvesting Machinery Imports

Imports into Portugal

Harvesting machinery imports into Portugal reduced notably to X units in 2022, falling by X% compared with 2021. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X units in 2021, and then plummeted in the following year.

In value terms, harvesting machinery imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) was the main supplier of harvesting machinery to Portugal, accounting for a X% share of total imports. Moreover, harvesting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold.

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

In value terms, Germany ($X) constituted the largest supplier of root or tuber harvesting machines to Portugal, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

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

Import Prices by Country

The average harvesting machinery import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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