Portugal: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Portugal

In 2022, after five years of growth, there was significant decline in the Portuguese polishes for coachwork market, when its value decreased by -17.1% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Polishes For Coachwork Production in Portugal

In value terms, polishes for coachwork production shrank modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Polishes For Coachwork Exports

Exports from Portugal

In 2022, overseas shipments of polishes for coachwork increased by 7.1% to X tons, rising for the second year in a row after three years of decline. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 242%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, polishes for coachwork exports shrank to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 160%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), Italy (X tons) and Israel (X tons) were the main destinations of polishes for coachwork exports from Portugal, together comprising 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +1,273.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polishes for coachwork exported from Portugal were Spain ($X), Italy ($X) and Israel ($X), with a combined 84% share of total exports.

In terms of the main countries of destination, Israel, with a CAGR of +984.4%, 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 polishes for coachwork export price stood at $X per ton in 2022, with a decrease of -18.2% against the previous year. Over the period under review, the export price showed a pronounced reduction. The pace of growth appeared the most rapid in 2020 an increase of 45%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-2.3%), while the prices for the other major destinations experienced a decline.

Polishes For Coachwork Imports

Imports into Portugal

Polishes for coachwork imports into Portugal shrank modestly to X tons in 2022, approximately mirroring the previous year. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 27%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, polishes for coachwork imports reduced dramatically to $X in 2022. Overall, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.2% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 34% against the previous year. Imports peaked at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of polishes for coachwork to Portugal, with a 51% share of total imports. Moreover, polishes for coachwork imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.9% per year) and the Netherlands (-11.0% per year).

In value terms, Spain ($X) constituted the largest supplier of polishes for coachwork to Portugal, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.6% per year) and the Netherlands (-6.5% per year).

Import Prices by Country

In 2022, the average polishes for coachwork import price amounted to $X per ton, which is down by -19.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2013 an increase of 30%. The import price peaked at $X per ton in 2021, and then shrank dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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