Portugal: Truck Crane Market 2025

Truck Crane Market Size in Portugal

After two years of growth, the Portuguese truck crane market decreased by -17.2% to $X in 2021. In general, consumption showed a deep slump. Truck crane consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Truck Crane Production in Portugal

In value terms, truck crane production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. Truck crane production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Truck Crane Exports

Exports from Portugal

In 2021, after two years of decline, there was significant growth in shipments abroad of truck cranes, when their volume increased by 175% to X units. Over the period under review, exports, however, saw a abrupt shrinkage. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, truck crane exports surged to $X in 2021. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 229%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units), Angola (X units) and Tanzania (X units) were the main destinations of truck crane exports from Portugal, with a combined 55% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +65.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Angola ($X) and Tanzania ($X) were the largest markets for truck crane exported from Portugal worldwide, together accounting for 74% of total exports.

Tanzania, with a CAGR of +83.3%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average truck crane export price amounted to $X per unit, dropping by -13.3% against the previous year. Over the period under review, the export price, however, saw a slight increase. The growth pace was the most rapid in 2019 when the average export price increased by 491%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Israel ($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 Venezuela (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Crane Imports

Imports into Portugal

In 2021, overseas purchases of truck cranes were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 259%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, truck crane imports soared to $X in 2021. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 211% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of truck crane to Portugal, with a 8.8% share of total imports. Moreover, truck crane imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X units), threefold. Austria (X units) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +39.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+89.9% per year) and Austria (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of truck cranes to Portugal, comprising 92% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 5% share of total imports. It was followed by Spain, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+23.6% per year) and Spain (-30.9% per year).

Import Prices by Country

In 2021, the average truck crane import price amounted to $X per unit, rising by 67% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Germany ($X per unit), while the price for Switzerland ($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 Netherlands (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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