Price for Household or Laundry-Type Washing Machine in Portugal - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Portugal (CIF) - 2023
- Price for Household or Laundry-Type Washing Machine in Portugal (FOB) - 2023
- Imports of Household or Laundry-Type Washing Machine in Portugal
- Exports of Household or Laundry-Type Washing Machine in Portugal
Price for Household or Laundry-Type Washing Machine in Portugal (CIF) - 2023
The average import price for household or laundry-type washing machines stood at $287 per unit in May 2023, standing approximately at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 26% month-to-month. As a result, import price attained the peak level of $328 per unit. From January 2023 to May 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Italy ($662 per unit), while the price for Turkey ($212 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Portugal (FOB) - 2023
The average export price for household or laundry-type washing machines stood at $284 per unit in May 2023, waning by -11.9% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 28% m-o-m. The export price peaked at $322 per unit in April 2023, and then declined in the following month.
There were significant differences in the average prices for the major overseas markets. In May 2023, the country with the highest price was Angola ($605 per unit), while the average price for exports to Spain ($236 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Household or Laundry-Type Washing Machine in Portugal
After three years of growth, overseas purchases of household or laundry-type washing machines decreased by -13.5% to 409K units in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 9.8%. Imports peaked at 473K units in 2021, and then reduced in the following year.
In value terms, household or laundry-type washing machine imports reduced to $104M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 9.8%. As a result, imports attained the peak of $120M, and then fell in the following year.
| Import of Household or Laundry-Type Washing Machine in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 22.6 | 27.8 | 44.1 | 39.7% | |
| Spain | 29.8 | 31.8 | 29.8 | 0.0% | |
| Poland | 16.7 | 20.9 | 14.2 | -7.8% | |
| Turkey | 11.8 | 10.4 | 13.4 | 6.6% | |
| Italy | 9.2 | 9.6 | 10.6 | 7.3% | |
| Slovakia | 3.3 | 3.5 | 3.4 | 1.5% | |
| Others | 6.3 | 5.3 | 4.6 | -14.6% | |
| Total | 99.6 | 109 | 120 | 9.8% | |
Top Suppliers of Household or Laundry-Type Washing Machine to Portugal in 2022:
- China (250.4K units)
- Spain (122.7K units)
- Turkey (96.8K units)
- Poland (93.9K units)
- Italy (39.1K units)
- Slovakia (25.6K units)
Exports of Household or Laundry-Type Washing Machine in Portugal
In 2022, approx. 21K units of household or laundry-type washing machines were exported from Portugal; growing by 37% on the year before. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.6% 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 +98.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, household or laundry-type washing machine exports rose rapidly to $5M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Household or Laundry-Type Washing Machine in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Spain | 1,322 | 2,042 | 2,545 | 38.7% | |
| Angola | 1,067 | 609 | 1,201 | 6.1% | |
| Cabo Verde | 325 | 366 | 392 | 9.8% | |
| United Arab Emirates | 0.2 | 5.3 | 84.8 | 1959.1% | |
| Others | 442 | 612 | 393 | -5.7% | |
| Total | 3,156 | 3,635 | 4,616 | 20.9% | |
Top Export Markets for Household or Laundry-Type Washing Machine from Portugal in 2022:
- Spain (16.0K units)
- United Arab Emirates (5.5K units)
- Angola (2.1K units)
- Cabo Verde (1.4K units)
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