Portugal: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Portugal

The Portuguese liquid dispensing pump market soared to $X in 2021, increasing by 91% against the previous year. Overall, consumption continues to indicate strong growth. Liquid dispensing pump consumption peaked in 2021 and is expected to retain growth in the immediate term.

Liquid Dispensing Pump Production in Portugal

In value terms, liquid dispensing pump production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a resilient increase. The growth pace was the most rapid in 2015 with an increase of 355% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Liquid Dispensing Pump Exports

Exports from Portugal

In 2021, shipments abroad of pumps for dispensing liquids increased by 38% to X units, rising for the fifth year in a row after two years of decline. In general, exports showed a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 123% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, liquid dispensing pump exports dropped rapidly to $X in 2021. Overall, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 51%. The exports peaked at $X in 2020, and then reduced markedly in the following year.

Exports by Country

Angola (X units) was the main destination for liquid dispensing pump exports from Portugal, with a 59% share of total exports. Moreover, liquid dispensing pump exports to Angola exceeded the volume sent to the second major destination, Belgium (X units), fivefold. The third position in this ranking was taken by Cabo Verde (X units), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to Angola amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+81.0% per year) and Cabo Verde (+20.0% per year).

In value terms, Angola ($X) emerged as the key foreign market for pumps for dispensing liquids exports from Portugal, comprising 40% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a 12% share of total exports. It was followed by France, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Angola stood at -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+13.8% per year) and France (+41.9% per year).

Export Prices by Country

In 2021, the average liquid dispensing pump export price amounted to $X per unit, reducing by -76.4% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 39% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Belgium ($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 Mozambique (+1.6%), while the prices for the other major destinations experienced a decline.

Liquid Dispensing Pump Imports

Imports into Portugal

In 2021, imports of pumps for dispensing liquids into Portugal soared to X units, with an increase of 119% against the year before. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by 183% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, liquid dispensing pump imports totaled $X in 2021. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 94% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Spain (X units) constituted the largest liquid dispensing pump supplier to Portugal, with a 56% share of total imports. Moreover, liquid dispensing pump imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was held by Italy (X units), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+77.5% per year) and Italy (+19.6% per year).

In value terms, Spain ($X) constituted the largest supplier of pumps for dispensing liquids to Portugal, comprising 41% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by Italy, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.6% per year) and Italy (+23.2% per year).

Import Prices by Country

The average liquid dispensing pump import price stood at $X per unit in 2021, reducing by -50.8% against the previous year. Overall, the import price recorded a slight slump. The most prominent rate of growth was recorded in 2019 an increase of 156%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :