Sporting and hunting guns market in Portugal

Earlier Report Observations

The market for sporting and hunting guns in Portugal demonstrated substantial growth from 19.7 million USD in 2018 to 44.7 million USD in 2023, despite a temporary contraction in 2020. This expansion was initially driven by the introduction and promotion of the new Tiro Prático de Caça shooting discipline in 2019, which was accompanied by the launch of specialized firearms like the FABARM P.S.S. 10 LR, stimulating demand and market segmentation.

Technological innovation became a key growth driver, particularly from 2021 onward, with the adoption of new equipment such as thermal sights, aimpoints, and high-precision accessories. This technological evolution attracted enthusiasts to higher-value products, supporting the market's recovery and continued expansion. A diverse retail landscape with multiple specialized stores and ongoing competitive events organized under the Portuguese Federation maintained consistent consumer engagement across the period.

The market dip in 2020 coincided with adjustments to the competitive calendar and external factors that temporarily affected organized shooting activities. Subsequent organizational recalibrations within the federation's championship schedule, alongside sustained interest in outdoor recreational shooting, helped the market regain its growth trajectory, leading to record value by 2023.

Production sporting and hunting guns in Portugal

In value, 2018-2021, K $ US

In 2021, Portugal's production of sporting and hunting guns reached a value of 63 663 thousand US dollars, marking a 25.3% increase compared to the previous year. Over the period from 2018 to 2021, production grew by 33.7%, with an average annual growth rate of 10.2%. The most significant decline occurred in 2020, when production fell by 11.4%.

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

Exports sporting and hunting guns from Portugal

Exports in kind, t

In 2021, Portugal exported 307.1 tonnes of sporting and hunting guns, representing a solid 24.3% increase from the previous year. Between 2018 and 2021, exports rose by 36.9%, which translates to an annualized growth rate of 11.0%. The largest decline was recorded in 2020, with a drop of 1.3%.

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

From 2018 to 2021, the United States and Belgium were the primary destinations for Portugal's exports of sporting and hunting guns in kind, together accounting for 89.4% of total flows. The remaining share was distributed among other markets.

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

In 2021, Portugal's exports of sporting and hunting guns amounted to 35 795 thousand US dollars, showing a 17.6% advance compared to the previous year. Between 2018 and 2021, exports increased by 11.4%, equating to an annualized rate of 3.7%. The minimum value was recorded in 2020 at 30 435 thousand US dollars, with the largest decline that year being 5.9%.

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

Over the period from 2018 to 2021, Belgium and the United States remained the main buyers of sporting and hunting guns from Portugal in value terms, with a combined share of 88.0% of total exports. The remainder was fragmented across other countries.

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

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

Imports sporting and hunting guns to Portugal

Imports in kind, t

Portugal's imports of sporting and hunting guns in kind showed noticeable fluctuations during the period. In 2019, imports reached their lowest point at 6.6 tonnes, with the largest decline that year being 76.4%. By 2020, imports surged by 171.8%, and in 2021, the import volume totalled 15.7 tonnes, representing an 11.9% decrease year-over-year. Overall, from the high in 2018 to the low in 2019, imports varied by 4.2-fold.

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

From 2018 to 2021, Belgium, the United States, and Italy were the principal sources for Portugal's imports of sporting and hunting guns in kind, with shares of 36.2%, 32.1%, and 15.9%, respectively. Together, they accounted for 84.2% of total import 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

Portugal's imports of sporting and hunting guns in value terms revealed irregular changes, indicating a volatile market environment. In 2019, imports hit their minimum at 1 620 thousand US dollars, with the largest decline that year being 61.6%. By 2020, imports increased by 126.3%, and in 2021, they amounted to 3 667 thousand US dollars, remaining virtually unchanged from the previous year. From the peak in 2018 to the trough in 2019, imports changed by a 2.6 multiple.

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

Over the period from 2018 to 2021, Belgium, Italy, and the United States led as the top suppliers of sporting and hunting guns to Portugal in value terms, with shares of 29.7%, 25.2%, and 24.8%, respectively. Their combined share reached 79.7% of total imports in value terms.

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

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