Portugal: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Portugal

In 2021, after three years of decline, there was significant growth in the Portuguese fuel or lubricating pump market, when its value increased by 63% to $X. Over the period under review, consumption saw a temperate increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Portugal

In value terms, fuel or lubricating pump production expanded slightly to $X in 2021 estimated in export price. In general, production, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 5.7% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Portugal

In 2021, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines was finally on the rise to reach X units after two years of decline. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2015 when exports increased by 53% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, fuel or lubricating pump exports stood at $X in 2021. In general, exports posted a moderate increase. The most prominent rate of growth was recorded in 2016 when exports increased by 33% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units), Romania (X units) and the UK (X units) were the main destinations of fuel or lubricating pump exports from Portugal, together accounting for 86% 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 the UK (with a CAGR of +273.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fuel or lubricating pump exported from Portugal were Spain ($X), Romania ($X) and the UK ($X), together accounting for 82% of total exports.

The UK, with a CAGR of +168.3%, saw the highest growth rate of 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

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2013 an increase of 53%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Angola ($X per unit), while the average price for exports to Spain ($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 Romania (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Portugal

In 2021, supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 24% to X units, rising for the fourth year in a row after three years of decline. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +111.5% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 27%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, fuel or lubricating pump imports expanded sharply to $X in 2021. In general, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 38%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and Spain (X units) were the main suppliers of fuel or lubricating pump imports to Portugal, together accounting for 69% of total imports. These countries were followed by the Czech Republic, Romania, France, Belgium, the UK and Japan, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +94.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fuel or lubricating pump suppliers to Portugal were Spain ($X), Germany ($X) and the Czech Republic ($X), with a combined 60% share of total imports. Italy, France, Belgium, Romania, the UK and Japan lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, Romania, with a CAGR of +88.5%, recorded the highest growth rate of 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

In 2021, the average fuel or lubricating pump import price amounted to $X per unit, waning by -13.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 48%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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