Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Portugal - 2023

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Portugal (CIF) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Portugal (FOB) - 2022
3. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Portugal
4. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Portugal

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Portugal (CIF) - 2022

In 2022, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $22,634 per ton, waning by -2.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 17% against the previous year. The import price peaked at $28,061 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 France ($36,638 per ton), while the price for China ($8,847 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Portugal (FOB) - 2022

The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $25,396 per ton in 2022, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($43,189 per ton), while the average price for exports to Liberia ($10,372 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Portugal

In 2022, approx. 3.6K tons of machines and mechanical appliances; parts, of those having individual functionses were imported into Portugal; with an increase of 4.2% against the year before. Overall, imports, however, showed a relatively flat trend pattern.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses amounted to $82M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 4.8% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Portugal in 2022:

1. Germany (1247.9 tons)
2. Spain (765.2 tons)
3. China (676.4 tons)
4. Italy (500.1 tons)
5. Poland (66.9 tons)
6. France (63.4 tons)
7. Netherlands (40.4 tons)

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Portugal

In 2022, exports of machines and mechanical appliances; parts, of those having individual functionses from Portugal surged to 1.4K tons, growing by 17% against the previous year's figure. The total export volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses skyrocketed to $36M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Portugal in 2022:

1. Germany (258.3 tons)
2. Netherlands (204.4 tons)
3. France (156.3 tons)
4. Hungary (138.9 tons)
5. United States (123.0 tons)
6. Spain (113.6 tons)
7. Angola (91.5 tons)
8. Guinea (29.4 tons)
9. Liberia (29.3 tons)
10. Morocco (29.3 tons)
11. Cote d'Ivoire (27.9 tons)
12. Italy (25.8 tons)
13. Belgium (23.1 tons)

Source: IndexBox Market Intelligence Platform