Portugal: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in Portugal

In 2021, the Portuguese motorised invalid carriage market increased by 1.4% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.2% against 2018 indices. Motorised invalid carriage consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Motorised Invalid Carriage Production in Portugal

In value terms, motorised invalid carriage production shrank remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight increase. The growth pace was the most rapid in 2020 with an increase of 73%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Motorised Invalid Carriage Exports

Exports from Portugal

In 2021, motorised invalid carriage exports from Portugal dropped significantly to X units, declining by -32.8% against 2020. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 27%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, motorised invalid carriage exports fell significantly to $X in 2021. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for motorised invalid carriage exports from Portugal, with a 92% share of total exports. It was followed by Cabo Verde (X units), with a 2.1% share of total exports. Sao Tome and Principe (X units) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+43.6% per year) and Sao Tome and Principe (+44.5% per year).

In value terms, Spain ($X) remains the key foreign market for invalid carriages motorised or mechanically propelled exports from Portugal, comprising 97% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a 0.6% share of total exports. It was followed by Sao Tome and Principe, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+24.0% per year) and Sao Tome and Principe (+44.4% per year).

Export Prices by Country

In 2021, the average motorised invalid carriage export price amounted to $X per unit, jumping by 19% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 30%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, 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 Spain ($X per unit), while the average price for exports to Sao Tome and Principe ($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 Sao Tome and Principe (-0.0%), while the prices for the other major destinations experienced a decline.

Motorised Invalid Carriage Imports

Imports into Portugal

In 2021, supplies from abroad of invalid carriages motorised or mechanically propelled decreased by -23.5% to X units, falling for the second consecutive year after three years of growth. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 78% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, motorised invalid carriage imports reached $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 46%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest motorised invalid carriage supplier to Portugal, with a 51% share of total imports. Moreover, motorised invalid carriage imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+28.3% per year) and the Netherlands (-4.4% per year).

In value terms, Germany ($X), Sweden ($X) and Spain ($X) appeared to be the largest motorised invalid carriage suppliers to Portugal, with a combined 78% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +34.6%, 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 motorised invalid carriage import price amounted to $X per unit, rising by 35% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motorised invalid carriage import price increased by +85.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 37% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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