Portugal: Sails Market 2024

Sails Market Size in Portugal

The Portuguese sails market stood at $X in 2023, growing by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Sails Production in Portugal

In value terms, sails production rose rapidly to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

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Sails Exports

Exports from Portugal

After two years of growth, overseas shipments of sails decreased by X% to X tons in 2023. Over the period under review, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2022, and then shrank remarkably in the following year.

In value terms, sails exports surged to $X in 2023. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

France (X tons), Angola (X tons) and South Africa (X tons) were the main destinations of sails exports from Portugal, together accounting for X% of total exports. The United States, the Netherlands, Spain, the UK, Australia, New Zealand, the United Arab Emirates and Cabo Verde lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) emerged as the key foreign market for sails exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value to South Africa amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the average sails export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price continues to indicate notable growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Cabo Verde ($X per ton) was amongst the lowest.

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

Sails Imports

Imports into Portugal

In 2023, approx. X tons of sails were imported into Portugal; falling by X% on 2022 figures. In general, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, sails imports rose significantly to $X in 2023. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and the Philippines (X kg) were the main suppliers of sails imports to Portugal, with a combined X% share of total imports. Sri Lanka, France, the UK and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sails suppliers to Portugal were Italy ($X), Spain ($X) and Sri Lanka ($X), together accounting for X% of total imports. The Philippines, the UK, France and China lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of 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 2023, the average sails import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price posted prominent growth. The growth pace was the most rapid in 2015 an increase of X%. The import price peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform