Portugal: Lifting Equipment Market 2024

Lifting Equipment Market Size in Portugal

The Portuguese lifting equipment market surged to $X in 2021, rising by 24% against the previous year. Overall, consumption, however, recorded a pronounced downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Lifting Equipment Production in Portugal

In value terms, lifting equipment production expanded remarkably to $X in 2021 estimated in export price. In general, production saw a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 72% against the previous year. Lifting equipment production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Lifting Equipment Exports

Exports from Portugal

In 2021, lifting equipment exports from Portugal surged to X units, picking up by 22% compared with 2020. In general, exports showed resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 102%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, lifting equipment exports dropped to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by 120% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for lifting equipment exports from Portugal, accounting for a 86% share of total exports. Moreover, lifting equipment exports to Spain exceeded the volume sent to the second major destination, Chile (X units), more than tenfold. France (X units) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +55.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+29.2% per year) and France (+10.7% per year).

In value terms, Spain ($X) remains the key foreign market for lifting equipment exports from Portugal, comprising 77% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by Chile, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.9% per year) and Chile (+37.3% per year).

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, declining by -23.3% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 39%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Romania ($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 Chile (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Lifting Equipment Imports

Imports into Portugal

In 2021, the amount of lifting equipment imported into Portugal soared to X units, with an increase of 222% on 2020. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 235%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, lifting equipment imports expanded sharply to $X in 2021. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 205%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and France (X units) were the main suppliers of lifting equipment imports to Portugal, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +69.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of lifting equipment to Portugal, comprising 51% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+36.0% per year) and Germany (+59.2% per year).

Import Prices by Country

In 2021, the average lifting equipment import price amounted to $X per unit, falling by -65.4% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 68% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped dramatically in the following year.

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 Spain ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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