Machining centres for metal market in Portugal

Earlier Report Observations

In 2018, the Portuguese market for machining centres reached 70.1 million USD, supported by the entry of foreign players such as Bosch and Coficab, which invested in new industrial units. This expansion was accompanied by a 25% growth in exports from the metallurgical and metalworking sector, increasing demand for machining equipment. Additionally, public policy under the Portugal 2020 agenda aimed at workforce training and innovation helped strengthen the sector's competitiveness.

From 2019 to 2020, the market contracted sharply, with the market size falling to 26.3 million USD, a drop of over 60% from the 2018 peak. This decline was driven by a significant reduction in imports, which fell from 62.9 million USD in 2018 to 21.6 million USD in 2020, alongside a steady decrease in domestic production. A partial recovery occurred in 2021, with market size rising to 30.0 million USD as imports increased, though production continued to decline.

By 2024, the market size had stabilized at 27.5 million USD, with imports becoming the sole source of supply as domestic production ceased. Exports, which had shown volatility earlier in the period, fell to minimal levels, indicating a reduced international presence for Portuguese machining centres.

Production machining centres for metal in Portugal

In value, 2018-2021, K $ US

Portugal's production of machining centres for metal has declined for three consecutive years. In 2021, output was valued at 7 108 K $ US, representing an 11.3% decrease from the previous year. Over the 2018-2021 period, production fell by 32.7%, with an average annual decline of 12.4%.

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

In kind, 2018-2021, unit

The market showed an unstable trend throughout the period. Production peaked in 2018 and reached its lowest point in 2021, with a 3.1-fold difference between these years. In 2021, Portugal produced 9.00 units of machining centres for metal, which is 66.7% lower than the previous year. The largest increase occurred in 2020, at 0.0%.

Annual dynamics of production in Portugal in kind, 2018-2021, unit

Exports machining centres for metal from Portugal

Exports in kind, unit

Market behavior was volatile during these years. Exports reached their lowest point in 2018 and peaked in 2020, varying by 4.7 times between these years. In 2021, Portugal's exports of machining centres for metal totalled 87.0 units, a 28.1% decrease from the prior year. The maximum value was recorded in 2020 at 121.0 units, with the largest increase that year at 227.0%.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, unit

From 2018 to 2021, Spain (48.0% of exports in kind), Italy (21.4%), and Hungary (11.1%) were consistently the main destinations for exports in kind, together accounting for 80.4% of total 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, K $ US

Market performance showed noticeable fluctuations during the period. Exports hit their lowest point in 2019 and peaked in 2021, changing by 4.2 times between these years. In 2021, foreign supplies of machining centres for metal from Portugal totalled 4 723 K $ US, marking a sharp rise of 44.2% from 2020. The minimum value was recorded in 2019 at 1 116 K $ US, with the largest decline that year at 66.8%. The largest increase occurred in 2020 at 193.3%.

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

From 2018 to 2021, Spain (22.1% of exports in value terms), Brazil (17.4%), and Italy (13.1%) formed the main cluster of markets for exports in value terms, with a combined share of 52.6% of total 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 machining centres for metal to Portugal

Imports in kind, unit

In 2021, machining centres for metal shipments to Portugal from abroad amounted to 612.0 units, marking a limited gain of 7.7% compared to the previous year. The minimum value was recorded in 2020 at 568.0 units, while the maximum was in 2019 at 753.0 units. The largest decline occurred in 2020 at 24.6%, and the largest increase was in 2019 at 20.7%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, unit

Throughout 2018-2021, Spain (36.3% of imports in kind), Italy (17.1%), and the Netherlands (14.0%) played leading roles in imports in kind of machining centres for metal to Portugal, jointly taking 67.4% of total flows.

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, K $ US

After a two-year decrease, foreign supplies of machining centres for metal to Portugal increased. In 2021, Portugal imported a total of 27 651 K $ US of machining centres for metal, showing a sharp increase of 28.1% compared with 2020. Between 2018 and 2021, imports decreased by 56%, equating to an annualized rate of 23.9%. The minimum value was recorded in 2020 at 21 580 K $ US, with the largest decline in 2019 at 42.5%.

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

Throughout 2018-2021, Spain (24.0% of imports in value terms), Italy (15.0%), and Japan (13.6%) remained the key directions for imports in value terms, together taking 52.6% of total flows.

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

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