Portugal: Concrete Pump Market 2024

Concrete Pump Market Size in Portugal

The Portuguese concrete pump market surged to $X in 2021, picking up by 139% against the previous year. In general, consumption enjoyed a significant expansion. Concrete pump consumption peaked in 2021 and is likely to see gradual growth in years to come.

Concrete Pump Production in Portugal

In value terms, concrete pump production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 39% against the previous year. Concrete pump production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Concrete Pump Exports

Exports from Portugal

In 2021, approx. X units of concrete pumps were exported from Portugal; with a decrease of -88.9% on 2020 figures. Overall, exports showed a sharp descent. The most prominent rate of growth was recorded in 2016 when exports increased by 217% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, concrete pump exports reduced rapidly to $X in 2021. In general, exports recorded a precipitous decline. The pace of growth was the most pronounced in 2020 when exports increased by 117%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units) was the main destination for concrete pump exports from Portugal, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway was relatively modest.

In value terms, Angola ($X) emerged as the key foreign market for concrete pumps exports from Portugal, comprising 76% of total exports. The second position in the ranking was held by Morocco ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Angola stood at -39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (-45.4% per year) and Norway (0.0% per year).

Export Prices by Country

The average concrete pump export price stood at $X per unit in 2021, dropping by -83.5% against the previous year. In general, the export price saw a precipitous setback. The most prominent rate of growth was recorded in 2014 an increase of 55%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, 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 Angola ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+201.2%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Pump Imports

Imports into Portugal

In 2021, supplies from abroad of concrete pumps was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 950% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, concrete pump imports surged to $X in 2021. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 302%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of concrete pump to Portugal, accounting for a 86% share of total imports. Moreover, concrete pump imports from Italy exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. Algeria (X units) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-5.4% per year) and Algeria (+10.4% per year).

In value terms, the largest concrete pump suppliers to Portugal were South Korea ($X), Italy ($X) and Algeria ($X), together comprising 93% of total imports. Togo, the UK, Spain and the Netherlands lagged somewhat behind, together comprising a further 6.7%.

Among the main suppliers, the UK, with a CAGR of +718.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete pump import price stood at $X per unit in 2021, with a decrease of -43.3% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 249% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+714.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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