Portugal: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Portugal

In 2022, the Portuguese internal combustion engine equipment market increased by 0.2% to $X, rising for the second consecutive year after eight years of decline. In general, consumption showed a abrupt decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Equipment For Internal Combustion Engines in Portugal

In value terms, internal combustion engine equipment production totaled $X in 2022 estimated in export price. In general, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. Internal combustion engine equipment production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Equipment For Internal Combustion Engines

Exports from Portugal

In 2022, after five years of growth, there was decline in shipments abroad of equipment for internal combustion engines, when their volume decreased by -1.3% to X units. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2015 when exports increased by 250%. The exports peaked at X units in 2021, and then dropped modestly in the following year.

In value terms, internal combustion engine equipment exports dropped to $X in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 278%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Belgium (X units) was the main destination for internal combustion engine equipment exports from Portugal, accounting for a 82% share of total exports. Moreover, internal combustion engine equipment exports to Belgium exceeded the volume sent to the second major destination, Angola (X units), more than tenfold. The third position in this ranking was held by Turkey (X units), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to +130.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+6.0% per year) and Turkey (+23.7% per year).

In value terms, Belgium ($X) remains the key foreign market for equipment for internal combustion engines exports from Portugal, comprising 82% of total exports. The second position in the ranking was taken by Angola ($X), with a 4.9% share of total exports. It was followed by France, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at +123.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+2.9% per year) and France (+69.0% per year).

Export Prices by Country

In 2022, the average internal combustion engine equipment export price amounted to $X per unit, which is down by -7.6% against the previous year. In general, the export price continues to indicate a perceptible slump. The growth pace was the most rapid in 2017 when the average export price increased by 12% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per unit) and Belgium ($X per unit), while the average price for exports to Turkey ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-2.7%), while the prices for the other major destinations experienced a decline.

Imports of Equipment For Internal Combustion Engines

Imports into Portugal

In 2022, supplies from abroad of equipment for internal combustion engines decreased by -11.7% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, internal combustion engine equipment imports expanded rapidly to $X in 2022. Overall, imports saw a mild contraction. The growth pace was the most rapid in 2014 when imports increased by 36% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Spain (X units), Germany (X units) and Italy (X units) were the main suppliers of internal combustion engine equipment imports to Portugal, together comprising 83% of total imports. Sweden, Poland, Belgium, France, the UK and Austria lagged somewhat behind, together comprising a further 9.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +117.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engine equipment suppliers to Portugal were Spain ($X), Germany ($X) and Italy ($X), together accounting for 83% of total imports. Sweden, Poland, Belgium, France, the UK and Austria lagged somewhat behind, together accounting for a further 9.4%.

Poland, with a CAGR of +127.2%, saw the highest growth rate of 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 internal combustion engine equipment import price amounted to $X per unit, jumping by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and Belgium ($X per unit), while the price for Austria ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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