Portugal: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Portugal

The Portuguese pneumatic linear acting actuator market expanded significantly to $X in 2022, increasing by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a resilient expansion. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Exports of Pneumatic Linear Acting Actuators

Exports from Portugal

In 2022, overseas shipments of pneumatic linear acting actuators were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. In general, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mauritania (X units) was the main destination for pneumatic linear acting actuator exports from Portugal, with a 54% share of total exports. Moreover, pneumatic linear acting actuator exports to Mauritania exceeded the volume sent to the second major destination, Angola (X units), twofold. Spain (X units) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume to Mauritania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+1.5% per year) and Spain (+16.3% per year).

In value terms, the largest markets for pneumatic linear acting actuator exported from Portugal were Spain ($X), Angola ($X) and Mauritania ($X), together comprising 76% of total exports. Italy and Algeria lagged somewhat behind, together accounting for a further 5.7%.

Italy, with a CAGR of +94.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, which is down by -33.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 177%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Mauritania ($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 Algeria (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Portugal

In 2022, imports of pneumatic linear acting actuators into Portugal rose remarkably to X units, increasing by 6.5% against 2021 figures. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pneumatic linear acting actuator imports soared to $X in 2022. Over the period under review, imports saw a strong increase. The growth pace was the most rapid in 2019 when imports increased by 33% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest pneumatic linear acting actuator supplier to Portugal, accounting for a 73% share of total imports. Moreover, pneumatic linear acting actuator imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.9% per year) and Italy (+11.5% per year).

In value terms, Germany ($X), Spain ($X) and Italy ($X) constituted the largest pneumatic linear acting actuator suppliers to Portugal, together accounting for 88% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +10.0%, 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 pneumatic linear acting actuator import price stood at $X per unit in 2022, with an increase of 11% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($X per unit), while the price for Germany ($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 (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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