Portugal: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Portugal

The Portuguese off-highway dumper market skyrocketed to $X in 2021, picking up by 50% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate strong growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Off-Highway Dumper Exports

Exports from Portugal

In 2021, overseas shipments of dumpers for off-highway use were finally on the rise to reach X units after five years of decline. Overall, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of 38%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, off-highway dumper exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a sharp shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for off-highway dumper exports from Portugal, with a 67% share of total exports. Moreover, off-highway dumper exports to Spain exceeded the volume sent to the second major destination, Angola (X units), fivefold. Mozambique (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-23.5% per year) and Mozambique (-26.3% per year).

In value terms, Spain ($X) remains the key foreign market for dumpers for off-highway use exports from Portugal, comprising 67% of total exports. The second position in the ranking was held by the United States ($X), with an 8.8% share of total exports. It was followed by Angola, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+44.9% per year) and Angola (-34.6% per year).

Export Prices by Country

In 2021, the average off-highway dumper export price amounted to $X per unit, picking up by 46% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 75% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the average price for exports to Cabo Verde ($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 the United States (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into Portugal

In 2021, the amount of dumpers for off-highway use imported into Portugal skyrocketed to X units, rising by 41% on 2020. Overall, imports showed a slight increase. The pace of growth appeared the most rapid in 2015 when imports increased by 232% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, off-highway dumper imports soared to $X in 2021. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 112%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The Netherlands (X units), France (X units) and Germany (X units) were the main suppliers of off-highway dumper imports to Portugal, with a combined 46% share of total imports. Spain, the UK, Belgium and the United States lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +42.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and France ($X) constituted the largest off-highway dumper suppliers to Portugal, together accounting for 52% of total imports.

The United States, with a CAGR of +61.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average off-highway dumper import price stood at $X per unit in 2021, picking up by 3.6% against the previous year. Overall, the import price posted a buoyant increase. The growth pace was the most rapid in 2016 when the average import price increased by 97% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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 the United States ($X per unit), while the price for the Netherlands ($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 (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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