Portugal: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Portugal

The Portuguese trailer and semi-trailer market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption showed a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Trailer And Semi-Trailer Production in Portugal

In value terms, trailer and semi-trailer production soared to $X in 2022 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Trailer And Semi-Trailer Exports

Exports from Portugal

In 2022, overseas shipments of cargo trailers and semi-trailers increased by 0.8% to X units, rising for the second year in a row after two years of decline. In general, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, trailer and semi-trailer exports fell markedly to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 13% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for trailer and semi-trailer exports from Portugal, accounting for a 50% share of total exports. Moreover, trailer and semi-trailer exports to France exceeded the volume sent to the second major destination, Spain (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+4.4% per year) and the Netherlands (-10.4% per year).

In value terms, France ($X), Spain ($X) and the Netherlands ($X) constituted the largest markets for trailer and semi-trailer exported from Portugal worldwide, together comprising 68% of total exports.

Among the main countries of destination, France, with a CAGR of +20.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, declining by -18.3% against the previous year. Overall, the export price showed a slight downturn. The most prominent rate of growth was recorded in 2016 an increase of 23%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Portugal

In 2022, purchases abroad of cargo trailers and semi-trailers increased by 3% to X units, rising for the second consecutive year after two years of decline. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 137%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, trailer and semi-trailer imports amounted to $X in 2022. Overall, imports showed resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by 116% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), France (X units) and Germany (X units) were the main suppliers of trailer and semi-trailer imports to Portugal, with a combined 81% share of total imports. The Netherlands, the UK and Poland lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest trailer and semi-trailer suppliers to Portugal were Spain ($X), Germany ($X) and France ($X), together accounting for 85% of total imports. The Netherlands, Poland and the UK lagged somewhat behind, together comprising a further 9%.

The Netherlands, with a CAGR of +24.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, with an increase of 9.5% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of 56% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform