Portugal: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Portugal

The Portuguese jacks and hoists market declined to $X in 2022, which is down by -7.2% against the previous year. In general, consumption showed a mild shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Jacks And Hoists Production in Portugal

In value terms, jacks and hoists production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 58% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Jacks And Hoists Exports

Exports from Portugal

In 2022, exports of jacks and hoists for raising vehicles from Portugal reduced remarkably to X units, with a decrease of -21.6% against the previous year. Overall, exports saw a precipitous curtailment. The growth pace was the most rapid in 2014 with an increase of 2.8%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, jacks and hoists exports soared to $X in 2022. In general, exports continue to indicate a drastic downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Slovenia (X units), France (X units) and Angola (X units) were the main destinations of jacks and hoists exports from Portugal, with a combined 94% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of +19.1%), while the other leaders experienced mixed trend patterns.

In value terms, Angola ($X) emerged as the key foreign market for jacks and hoists for raising vehicles exports from Portugal, comprising 80% of total exports. The second position in the ranking was held by Slovenia ($X), with an 8.4% share of total exports. It was followed by France, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-25.5% per year) and France (-32.0% per year).

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, surging by 236% against the previous year. In general, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (-0.8%), while the prices for the other major destinations experienced a decline.

Jacks And Hoists Imports

Imports into Portugal

In 2022, the amount of jacks and hoists for raising vehicles imported into Portugal surged to X units, jumping by 19% on the previous year. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 116% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, jacks and hoists imports skyrocketed to $X in 2022. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 119% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X units), Spain (X units) and Italy (X units) were the main suppliers of jacks and hoists imports to Portugal, with a combined 73% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +47.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of jacks and hoists for raising vehicles to Portugal, comprising 29% of total imports. The second position in the ranking was held by Spain ($X), with a 13% share of total imports. It was followed by Germany, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.9% per year) and Germany (+2.7% per year).

Import Prices by Country

The average jacks and hoists import price stood at $X per unit in 2022, surging by 23% against the previous year. In general, the import price, however, continues to indicate a mild decrease. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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