Portugal: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Portugal

The Portuguese outboard boat motors market expanded sharply to $X in 2022, growing by X% against the previous year. In general, consumption enjoyed pronounced growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Outboard Boat Motors Production in Portugal

In value terms, outboard boat motors production rose notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a tangible increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Outboard Boat Motors Exports

Exports from Portugal

After seven years of growth, shipments abroad of outboard motors for marine propulsion decreased by X% to X units in 2022. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, outboard boat motors exports dropped to $X in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Spain (X units), Norway (X units) and France (X units) were the main destinations of outboard boat motors exports from Portugal, together comprising X% of total exports.

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

In value terms, Spain ($X) remains the key foreign market for outboard motors for marine propulsion exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports. It was followed by Sweden, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Sweden (X% per year).

Export Prices by Country

The average outboard boat motors export price stood at $X per unit in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

Outboard Boat Motors Imports

Imports into Portugal

In 2022, supplies from abroad of outboard motors for marine propulsion increased by X% to X units, rising for the third consecutive year after two years of decline. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, outboard boat motors imports surged to $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Belgium (X units), Spain (X units) and Japan (X units) were the main suppliers of outboard boat motors imports to Portugal, with a combined X% 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 X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and Japan ($X) appeared to be the largest outboard boat motors suppliers to Portugal, with a combined X% share of total imports.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average outboard boat motors import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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