Portugal: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Portugal

In 2022, the Portuguese ride-on compaction equipment market decreased by -14.9% to $X, falling for the sixth year in a row after five years of growth. In general, consumption, however, saw a resilient increase. Ride-on compaction equipment consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Ride-On Compaction Equipment Production in Portugal

In value terms, ride-on compaction equipment production fell modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 10%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ride-On Compaction Equipment Exports

Exports from Portugal

In 2022, the amount of ride-on compaction equipment exported from Portugal contracted slightly to X units, standing approx. at the previous year. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 57%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment exports soared to $X in 2022. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 43%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for ride-on compaction equipment exports from Portugal, with a 71% share of total exports. Moreover, ride-on compaction equipment exports to France exceeded the volume sent to the second major destination, Angola (X units), fourfold. The third position in this ranking was held by Guinea (X units), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-19.9% per year) and Guinea (+24.6% per year).

In value terms, France ($X) remains the key foreign market for ride-on compaction equipment exports from Portugal, comprising 63% of total exports. The second position in the ranking was taken by Angola ($X), with an 18% share of total exports. It was followed by Guinea, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to France stood at -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-22.5% per year) and Guinea (+15.7% per year).

Export Prices by Country

The average ride-on compaction equipment export price stood at $X per unit in 2022, jumping by 25% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The pace of growth was the most pronounced in 2020 an increase of 31% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guinea ($X per unit), while the average price for exports to Spain ($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 Angola (-3.3%), while the prices for the other major destinations experienced a decline.

Ride-On Compaction Equipment Imports

Imports into Portugal

In 2022, purchases abroad of ride-on compaction equipment decreased by -33.6% to X units, falling for the third year in a row after four years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 138% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ride-on compaction equipment imports contracted modestly to $X in 2022. In general, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2019 with an increase of 92% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Spain (X units), Germany (X units) and China (X units) were the main suppliers of ride-on compaction equipment imports to Portugal, with a combined 64% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +96.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ride-on compaction equipment to Portugal, comprising 50% of total imports. The second position in the ranking was held by Spain ($X), with a 17% share of total imports. It was followed by China, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-9.0% per year) and China (+182.5% per year).

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2022, surging by 46% against the previous year. In general, the import price, however, showed a noticeable slump. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+43.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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