Portugal: Market for Lifts, Elevators, Moving Stairways and Draglines 2025

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Portugal

In 2022, the Portuguese market for lifts, elevators, moving stairways and draglines decreased by -15.1% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Lift, elevator, stairway and dragline consumption peaked at $X in 2021, and then plummeted in the following year.

Production of Lifts, Elevators, Moving Stairways and Draglines in Portugal

In value terms, lift, elevator, stairway and dragline production dropped rapidly to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -21.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 41% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Portugal

Lift, elevator, stairway and dragline exports from Portugal totaled X units in 2022, approximately mirroring 2021 figures. Overall, exports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, lift, elevator, stairway and dragline exports rose significantly to $X in 2022. In general, exports, however, recorded a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 23% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Angola (X units), Cyprus (X units) and Algeria (X units) were the main destinations of lift, elevator, stairway and dragline exports from Portugal, together comprising 49% of total exports. Bulgaria, Spain, Mexico, Malta, Cabo Verde, the United States, France, Israel and Mozambique lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +91.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), Cyprus ($X) and Algeria ($X) were the largest markets for lift, elevator, stairway and dragline exported from Portugal worldwide, together comprising 47% of total exports. Mexico, Bulgaria, Spain, Israel, Malta, Cabo Verde, the United States, France and Mozambique lagged somewhat behind, together accounting for a further 45%.

Among the main countries of destination, the United States, with a CAGR of +147.2%, saw 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 export price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, surging by 10% against the previous year. Over the period under review, the export price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2015 an increase of 18% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to France ($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 the United States (+83.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Portugal

In 2022, purchases abroad of lifts, elevators, moving stairways and draglines decreased by -5.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.7% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 21%. Over the period under review, imports hit record highs at X units in 2021, and then fell in the following year.

In value terms, lift, elevator, stairway and dragline imports declined to $X in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, Spain (X units) constituted the largest lift, elevator, stairway and dragline supplier to Portugal, with a 70% share of total imports. Moreover, lift, elevator, stairway and dragline imports from Spain exceeded the figures recorded by the second-largest supplier, Sweden (X units), sixfold. The third position in this ranking was held by the Netherlands (X units), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+16.9% per year) and the Netherlands (+20.6% per year).

In value terms, Spain ($X) constituted the largest supplier of lifts, elevators, moving stairways and draglines to Portugal, comprising 65% of total imports. The second position in the ranking was held by Sweden ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+14.4% per year) and the Netherlands (+18.8% per year).

Import Prices by Country

The average import price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, surging by 3.6% against the previous year. Overall, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 4.2%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :