Ploughs for soil preparation market in Portugal

Earlier Report Observations

The market size for ploughs for soil preparation in Portugal increased from 2 880 thousand US dollars in 2018 to 3 242 thousand in 2019, supported by the ongoing need for adapted equipment due to the country's predominant poor and shallow soils. These soil conditions require specific management practices to improve fertility, sustaining demand for suitable ploughs. In 2020, the market contracted sharply to 1 715 thousand dollars.

From 2021 onward, the market recovered to 2 324 thousand dollars, then experienced a slight dip to 2 132 thousand in 2022 before growing again to 2 326 thousand in 2023 and reaching 2 534 thousand in 2024. Domestic production declined from 2 421 thousand dollars in 2018 to 846 thousand in 2023, then stabilized at 829 thousand in 2024. Import volumes fluctuated, peaking at 2 625 thousand dollars in 2023, while exports dropped significantly to 418 thousand dollars in 2024.

Production ploughs for soil preparation in Portugal

In value, 2018-2021, K $ US

After two consecutive years of decline, Portugal's production of ploughs for soil preparation has rebounded. In 2021, output was valued at 1 381 K $ US, marking a significant increase of 31.8% compared to the previous year. Looking at the broader period from 2018 to 2021, production decreased by 43%, which translates to an annualized decline rate of 17.1%. The lowest value was recorded in 2020 at 1 048 K $ US, with the largest single-year drop occurring that same year at 44.1%.

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

In kind, 2018-2021, unit

Following two years of contraction, Portugal's production volume of ploughs for soil preparation has shown recovery. In 2021, 736 units were produced, representing a dramatic increase of 28.9% over 2020. Over the 2018-2021 period, production decreased by 49.6%, with a compound annual growth rate (CAGR) of -20.4%. The lowest volume was recorded in 2020 at 571 units, and the largest decline also occurred in 2020 at 37.8%.

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

Exports ploughs for soil preparation from Portugal

Exports in kind, unit

Export volumes exhibited considerable volatility during this period. The lowest point was in 2018, while the peak occurred in 2021, representing a 7.7-fold difference between these years. In 2021, Portugal exported 1 022 units of ploughs for soil preparation, showing a remarkable increase of 170.4% from the previous year. The largest decline was recorded in 2020 at 40.6%, while the most significant increase occurred in 2019 at 380.1%.

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

From 2018 to 2021, Spain (37.8% of exports in kind), France (12.9%), and Morocco (12.3%) were the principal buyers of Portuguese ploughs for soil preparation. Together, these three countries accounted for 63.0% of total exports in kind during this period.

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

After two years of decline, Portugal's exports of ploughs for soil preparation have increased. In 2021, exports were valued at 893 K $ US, representing a solid increase of 10.9% compared to the previous year. Over the 2018-2021 period, exports decreased by 37.7%, equating to an annualized decline rate of 14.6%. The lowest value was recorded in 2020 at 805 K $ US, with the largest single-year drop occurring that same year at 35.8%.

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

Between 2018 and 2021, Angola (31.4% of exports in value terms), Morocco (20.2%), and Mozambique (13.0%) were the main buyers of Portuguese ploughs for soil preparation. Collectively, these three markets accounted for 64.6% of total export value during this timeframe.

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

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

Imports ploughs for soil preparation to Portugal

Imports in kind, unit

Import volumes showed an unstable trend throughout the period. The lowest point was in 2018, while the peak occurred in 2019, with a 9.6-fold difference between these years. In 2021, Portugal imported 950 units of ploughs for soil preparation, indicating a robust increase of 21.0% from the previous year. The highest volume was recorded in 2019 at 1 202 units. The largest decline occurred in 2020 at 34.7%, while the most significant increase was recorded in 2019 at 861.6%.

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

From 2018 to 2021, China (44.6% of imports in kind), Spain (23.6%), and France (13.7%) dominated Portugal's imports of ploughs for soil preparation. Together, these three suppliers represented 81.9% of total import volumes during this period.

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

In 2021, Portugal's imports of ploughs for soil preparation totaled 1 836 K $ US, reflecting a robust increase of 24.7% from the previous year. Over the 2018-2021 period, imports decreased by 3%, with a compound annual growth rate (CAGR) of -1.0%. The lowest value was recorded in 2020 at 1 473 K $ US, while the highest was in 2019 at 2 621 K $ US. The largest decline occurred in 2020 at 43.8%, and the most significant increase was recorded in 2019 at 38.5%.

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

Between 2018 and 2021, France (38.4% of imports in value terms), Spain (28.6%), and Italy (10.9%) were the leading suppliers of ploughs for soil preparation to Portugal. Their combined share reached 77.9% of total import value during this timeframe.

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

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