Portugal: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Portugal

The Portuguese market for equipment for scaffolding, shuttering, propping or pit propping soared to $X in 2021, growing by 50% against the previous year. Overall, consumption recorded a resilient expansion. Scaffolding, shuttering, and propping equipment consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Portugal

In value terms, scaffolding, shuttering, and propping equipment production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 28%. Scaffolding, shuttering, and propping equipment production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Portugal

In 2021, exports of equipment for scaffolding, shuttering, propping or pit propping from Portugal rose remarkably to X tons, growing by 10% compared with the previous year's figure. Overall, exports, however, continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2014 with an increase of 14%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment exports skyrocketed to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from Portugal, with a combined 65% share of total exports. Angola, Chile, Norway, Belgium, Switzerland, Cabo Verde, Algeria and Mozambique lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +76.1%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Germany ($X) constituted the largest markets for scaffolding, shuttering, and propping equipment exported from Portugal worldwide, with a combined 69% share of total exports. Angola, Chile, Belgium, Switzerland, Norway, Cabo Verde, Mozambique and Algeria lagged somewhat behind, together accounting for a further 20%.

Norway, with a CAGR of +61.3%, saw the highest rates of growth with regard to the value of exports, among 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

The average export price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, increasing by 9.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Portugal

Scaffolding, shuttering, and propping equipment imports into Portugal skyrocketed to X tons in 2021, jumping by 50% against the previous year. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 72% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, scaffolding, shuttering, and propping equipment imports skyrocketed to $X in 2021. In general, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest scaffolding, shuttering, and propping equipment supplier to Portugal, with a 60% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was taken by Italy (X tons), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+40.3% per year) and Italy (+49.3% per year).

In value terms, Spain ($X) constituted the largest supplier of equipment for scaffolding, shuttering, propping or pit propping to Portugal, comprising 61% of total imports. The second position in the ranking was held by China ($X), with a 7.5% share of total imports. It was followed by Germany, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.0% per year) and Germany (+1.5% per year).

Import Prices by Country

In 2021, the average import price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, rising by 7.9% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 11%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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