Portugal: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in Portugal

The Portuguese optical radiation instruments market shrank modestly to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced modestly in the following year.

Optical Radiation Instruments Production in Portugal

In value terms, optical radiation instruments production fell to $X in 2023 estimated in export price. Overall, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Optical Radiation Instruments Exports

Exports from Portugal

In 2023, overseas shipments of instruments using optical radiations decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, optical radiation instruments exports dropped sharply to $X in 2023. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for optical radiation instruments exports from Portugal, accounting for a X% share of total exports. Moreover, optical radiation instruments exports to Italy exceeded the volume sent to the second major destination, Mozambique (X units), twofold. The third position in this ranking was taken by Brazil (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Brazil (X% per year).

In value terms, Italy ($X), Brazil ($X) and Spain ($X) were the largest markets for optical radiation instruments exported from Portugal worldwide, with a combined X% share of total exports. Mozambique, Angola, Switzerland, the United States, France, Cabo Verde and Germany lagged somewhat behind, together accounting for a further X%.

Mozambique, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average optical radiation instruments export price stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cabo Verde (X%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Radiation Instruments Imports

Imports into Portugal

In 2023, optical radiation instruments imports into Portugal fell significantly to X units, which is down by X% compared with the previous year's figure. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then declined markedly in the following year.

In value terms, optical radiation instruments imports reduced to $X in 2023. In general, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, Germany (X units) constituted the largest supplier of optical radiation instruments to Portugal, with a X% share of total imports. Moreover, optical radiation instruments imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. France (X units) ranked third in terms of total imports with an X% share.

From 2020 to 2023, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and France (X% per year).

In value terms, Germany ($X) constituted the largest supplier of instruments using optical radiations to Portugal, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports. It was followed by Belgium, with a X% share.

From 2020 to 2023, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2023, the average optical radiation instruments import price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2020 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform