Portugal: Accumulator Market 2024

Accumulator Market Size in Portugal

For the third year in a row, the Portuguese accumulator market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Accumulator Production in Portugal

In value terms, accumulator production expanded markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Accumulator Exports

Exports from Portugal

For the fifth consecutive year, Portugal recorded growth in shipments abroad of electric accumulators, which increased by X% to X units in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, accumulator exports rose modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X units), France (X units) and Spain (X units) were the main destinations of accumulator exports from Portugal, with a combined X% share of total exports. The United States, Sweden, Angola, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for accumulator exported from Portugal were Germany ($X), France ($X) and Spain ($X), together comprising X% of total exports. Sweden, Italy, the United States, Angola and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Sweden, with a CAGR of X%, 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 accumulator export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price saw a deep contraction. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, 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 Arab Emirates ($X per unit), while the average price for exports to the United States ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Accumulator Imports

Imports into Portugal

For the seventh year in a row, Portugal recorded growth in supplies from abroad of electric accumulators, which increased by X% to X units in 2022. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, accumulator imports surged to $X in 2022. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Spain (X units) and Germany (X units) were the main suppliers of accumulator imports to Portugal, together accounting for X% of total imports.

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

In value terms, the largest accumulator suppliers to Portugal were Spain ($X), China ($X) and Germany ($X), together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to 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 accumulator import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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