Portugal: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Portugal

The Portuguese mechanical shovel and excavator market soared to $X in 2021, growing by 59% against the previous year. In general, consumption, however, saw a noticeable decline. Mechanical shovel and excavator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Portugal

In value terms, mechanical shovel and excavator production stood at $X in 2021 estimated in export price. Overall, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 27% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Portugal

In 2021, the amount of mechanical shovels, excavators and shovel loaders exported from Portugal contracted to X units, with a decrease of -6% on the previous year. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 7.6%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, mechanical shovel and excavator exports surged to $X in 2021. In general, exports recorded a abrupt decline. 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 mechanical shovel and excavator exports from Portugal, with a 35% share of total exports. Moreover, mechanical shovel and excavator exports to Spain exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was taken by Egypt (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.4% per year) and Egypt (-4.0% per year).

In value terms, Spain ($X) remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from Portugal, comprising 36% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by Egypt, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.3% per year) and Egypt (-2.9% per year).

Export Prices by Country

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, rising by 26% against the previous year. In general, the export price, however, recorded a pronounced decline. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Angola ($X per unit), while the average price for exports to Nigeria ($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 Ghana (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Portugal

In 2021, the amount of mechanical shovels, excavators and shovel loaders imported into Portugal soared to X units, jumping by 54% against 2020. Overall, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator imports soared to $X in 2021. Over the period under review, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), France (X units) and Italy (X units) were the main suppliers of mechanical shovel and excavator imports to Portugal, with a combined 44% share of total imports. Belgium, the Netherlands, Germany, the Czech Republic and the UK lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +49.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical shovel and excavator suppliers to Portugal were Belgium ($X), Spain ($X) and the Netherlands ($X), with a combined 50% share of total imports. These countries were followed by France, Italy, the UK, Germany and the Czech Republic, which together accounted for a further 37%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +37.0%, recorded 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

In 2021, the average mechanical shovel and excavator import price amounted to $X per unit, which is down by -6.6% against the previous year. Overall, the import price showed a pronounced curtailment. The growth pace was the most rapid in 2017 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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