Electrical push-button and rotary switches market in Portugal

Earlier Report Observations

The market size for electrical push-button and rotary switches in Portugal, measured in value, stood at 135.5 million US dollars in 2018. It declined to 122.3 million in 2019 and fell further to 100.7 million in 2020, before recovering to 111.2 million in 2021. In 2022, the market decreased slightly to 107.6 million.

In 2022, the construction of Europe's largest floating solar power project by EDP, with 5 MW capacity, began to stimulate demand for low-voltage electrical components like switches. The mandatory application of the IEC 61439-1:2012 standard for low-voltage switchgear assemblies harmonized safety and compliance requirements for the market.

From 2023, growth in the Portuguese construction sector, driven by urbanization and smart city development, supported demand for advanced electrical systems. Technical rules for low-voltage electrical installations (RTIEBT) reinforced safety standards, while the market for smart and luxury switches expanded, catering to consumers valuing integrated design and functionality.

Production electrical push-button and rotary switches in Portugal

In value, 2018-2021, K $ US

Portugal's production of electrical push-button and rotary switches has grown for the second year in a row. In 2021, output reached 33 113 K $ US, marking a 14.6% increase compared to the previous year. From 2018 to 2021, production rose by 18.3%, which translates to an average annual growth rate of 5.8%. The lowest production value was recorded in 2019 at 25 969 K $ US, with the largest decline of 7.2% also occurring that year.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

Exports electrical push-button and rotary switches from Portugal

Exports in kind, t

Export volumes of electrical push-button and rotary switches from Portugal have increased for the second consecutive year. In 2021, exports totaled 1 175 t, up by 18.1% from the previous year. Between 2018 and 2021, exports grew by 4.8%, averaging 1.6% per year. The lowest volume was in 2019 at 767 t, with the largest decline of 31.6% recorded that year. The highest increase occurred in 2020, with a jump of 29.7%.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, t

From 2018 to 2021, Spain, France, and Angola were the primary markets for Portugal's exports in kind. Spain accounted for 50.1% of exports, France for 19.7%, and Angola for 7.9%. Together, these three countries represented 77.7% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, M $ US

Export values of electrical push-button and rotary switches from Portugal have risen for the second year in a row. In 2021, exports amounted to 26.9 M $ US, showing a sharp increase of 29.4% compared to the prior year. Over the period 2018-2021, exports increased by 26.6%, with a compound annual growth rate of 8.2%. The lowest value was in 2019 at 15.0 M $ US, with the largest decline of 29.5% that year. The largest increase was in 2020, with a surge of 38.8%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, M $ US

Between 2018 and 2021, Spain, France, and Angola consistently served as the main destinations for Portugal's exports in value terms. Spain held 41.9% of export value, France 17.4%, and Angola 7.2%. Collectively, these three markets accounted for 66.5% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports electrical push-button and rotary switches to Portugal

Imports in kind, t

After two years of decline, imports of electrical push-button and rotary switches into Portugal have rebounded. In 2021, imports reached 1 727 t, rising by 26.4% from the previous year. From 2018 to 2021, imports decreased by 27.7%, with an average annual decline of 10.2%. The lowest volume was in 2020 at 1 367 t, while the largest decline of 33.8% occurred in 2019.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, t

From 2018 to 2021, Spain, Germany, and France were the leading suppliers of electrical push-button and rotary switches to Portugal in terms of volume. Spain contributed 37.0% of imports, Germany 22.2%, and France 10.5%. Together, these three countries made up 69.7% of total import flows in kind.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, M $ US

Following a two-year downturn, imports of foreign electrical push-button and rotary switches into Portugal have increased. In 2021, imports totaled 105.0 M $ US, reflecting a solid gain of 13.4% year-over-year. Between 2018 and 2021, imports fell by 18.5%, averaging a 6.6% annual decrease. The lowest value was in 2020 at 92.6 M $ US, with the largest decline of 16.8% recorded that year.

Annual dynamics of product's imports to Portugal in value, 2018-2021, M $ US

Throughout 2018-2021, Spain, Germany, and France formed the core of Portugal's imports in value terms. Spain accounted for 31.0% of import value, Germany for 30.6%, and France for 5.7%. Combined, these three suppliers represented 67.3% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021