Portugal: Public Works Machinery Market 2024

Public Works Machinery Market Size in Portugal

The Portuguese public works machinery market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, showed a pronounced decline. Public works machinery consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Public Works Machinery Production in Portugal

In value terms, public works machinery production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 13%. Public works machinery production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Public Works Machinery Exports

Exports from Portugal

In 2021, the amount of machinery for public works and building exported from Portugal fell to X units, waning by -9.3% compared with the year before. In general, exports recorded a precipitous decrease. The growth pace was the most rapid in 2016 when exports increased by 163%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, public works machinery exports soared to $X in 2021. Overall, exports faced a sharp curtailment. The growth pace was the most rapid in 2013 with an increase of 88%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X units), France (X units) and the United Arab Emirates (X units) were the main destinations of public works machinery exports from Portugal, together accounting for 38% of total exports. Angola, Germany, Cote d'Ivoire, the United States, Benin, Vietnam, Guinea, Ghana, India and the UK lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for public works machinery exported from Portugal were France ($X), Spain ($X) and Angola ($X), together comprising 53% of total exports. These countries were followed by Germany, the United Arab Emirates, Cote d'Ivoire, Benin, Guinea, Ghana, India, the UK, Vietnam and the United States, which together accounted for a further 33%.

In terms of the main countries of destination, Benin, with a CAGR of +297.0%, 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

In 2021, the average public works machinery export price amounted to $X per unit, picking up by 52% against the previous year. Over the period under review, the export price posted temperate growth. The pace of growth was the most pronounced in 2017 an increase of 60% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United States ($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 Benin (+162.0%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into Portugal

In 2021, approx. X units of machinery for public works and building were imported into Portugal; increasing by 35% on the year before. Overall, imports saw pronounced growth. The pace of growth appeared the most rapid in 2017 when imports increased by 342% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, public works machinery imports surged to $X in 2021. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 59%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X units), the Netherlands (X units) and Spain (X units) were the main suppliers of public works machinery imports to Portugal, with a combined 70% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +74.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Italy ($X) constituted the largest public works machinery suppliers to Portugal, together comprising 84% of total imports. These countries were followed by the Netherlands, Belgium, Japan, China and the UK, which together accounted for a further 13%.

In terms of the main suppliers, Japan, with a CAGR of +81.1%, saw the highest rates of growth with regard to 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

The average public works machinery import price stood at $X per unit in 2021, which is down by -13% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 301%. As a result, import price reached the peak level of $X per unit, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+36.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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