Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Portugal - 2023

Contents:

1. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Portugal (CIF) - 2023
2. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Portugal (FOB) - 2023
3. Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Portugal
4. Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Portugal

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Portugal (CIF) - 2023

In November 2023, the average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $12,599 per ton, growing by 1.6% against the previous month. In general, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in April 2023 an increase of 50% against the previous month. As a result, import price reached the peak level of $16,709 per ton. From May 2023 to November 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were Spain ($12,350 per ton) and Italy ($12,313 per ton), while the price for the Netherlands ($9,417 per ton) and Germany ($9,517 per ton) were amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.4%), while the prices for the other major suppliers experienced a decline.

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Portugal (FOB) - 2023

The average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $14,514 per ton in November 2023, increasing by 28% against the previous month. Over the period under review, export price indicated a notable increase from December 2022 to November 2023: its price increased at an average monthly rate of +3.5% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for machine-tools; parts and accessories, for the machines of heading no. 8464 increased by +81.0% against September 2023 indices. The growth pace was the most rapid in October 2023 when the average export price increased by 41% m-o-m. Over the period under review, the average export prices attained the peak figure in November 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Angola ($68,039 per ton), while the average price for exports to Finland ($6,825 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Portugal

For the fourth consecutive year, Portugal recorded growth in purchases abroad of machine-tools; parts and accessories, for the machines of heading no. 8464, which increased by 0.4% to 1.8K tons in 2022. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 declined dramatically to $21M in 2022. Overall, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $28M, and then reduced rapidly in the following year.

Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Portugal in 2022:

1. Spain (1088.6 tons)
2. Italy (516.9 tons)
3. Germany (104.3 tons)
4. France (47.5 tons)

Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Portugal

In 2022, approx. 932 tons of machine-tools; parts and accessories, for the machines of heading no. 8464 were exported from Portugal; rising by 20% on the previous year's figure. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% 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 +48.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 skyrocketed to $7.1M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.5% 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 +87.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 51%. Over the period under review, the exports of machine-tools; parts and accessories, for machines of heading no. 8464 hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Portugal in 2022:

1. France (594.4 tons)
2. Spain (108.5 tons)
3. Finland (95.6 tons)
4. Angola (76.9 tons)
5. Italy (25.5 tons)

Source: IndexBox Market Intelligence Platform