Portugal: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Portugal

In 2022, the Portuguese gearboxes and speed changers market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed strong growth. Gearboxes and speed changers consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Gearboxes and Speed Changers in Portugal

In value terms, gearboxes and speed changers production skyrocketed to $X in 2022 estimated in export price. In general, production saw a resilient increase. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Exports of Gearboxes and Speed Changers

Exports from Portugal

In 2022, the amount of gearboxes and speed changers exported from Portugal fell remarkably to X tons, shrinking by X% against 2021. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers exports shrank markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Germany (X tons) and Denmark (X tons) were the main destinations of gearboxes and speed changers exports from Portugal, together comprising X% of total exports. France, Angola, the UK, Canada, Mozambique, the Netherlands, Algeria, Ghana and the United States 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 the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gearboxes and speed changers exported from Portugal were France ($X), Spain ($X) and Angola ($X), together accounting for X% of total exports. Germany, the UK, Mozambique, Canada, the Netherlands, Denmark, Algeria, the United States and Ghana lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Canada, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average gearboxes and speed changers export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price showed perceptible growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Portugal

In 2022, overseas purchases of gearboxes and speed changers increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, gearboxes and speed changers imports soared to $X in 2022. Overall, imports continue to indicate a measured expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), China (X tons) and Spain (X tons) were the main suppliers of gearboxes and speed changers imports to Portugal, together comprising X% of total imports. Italy, Japan and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Denmark ($X) and Italy ($X) constituted the largest gearboxes and speed changers suppliers to Portugal, together accounting for X% of total imports. China, Germany and Japan lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, 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

In 2022, the average gearboxes and speed changers import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :