Portugal: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Portugal

The Portuguese road tractor for semi-trailer market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, continues to indicate a mild decline. Road tractor for semi-trailer consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers in Portugal

In value terms, road tractor for semi-trailer production shrank remarkably to $X in 2021 estimated in export price. Overall, production recorded a dramatic decline. The most prominent rate of growth was recorded in 2016 with an increase of 3,333%. Road tractor for semi-trailer production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Road Tractors For Semi-Trailers

Exports from Portugal

In 2021, shipments abroad of road tractors for semi-trailers increased by 37% to X units, rising for the fourth year in a row after five years of decline. Over the period under review, exports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer exports surged to $X in 2021. Overall, exports continue to indicate slight growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units), Spain (X units) and Belgium (X units) were the main destinations of road tractor for semi-trailer exports from Portugal, with a combined 67% share of total exports. Poland, France, Lithuania, Saudi Arabia, Russia, Paraguay, Nigeria and Angola lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +54.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for road tractors for semi-trailers exports from Portugal, comprising 44% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports. It was followed by Poland, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-1.9% per year) and Poland (+38.2% per year).

Export Prices by Country

In 2021, the average road tractor for semi-trailer export price amounted to $X per unit, growing by 63% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, road tractor for semi-trailer export price decreased by -0.6% against 2019 indices. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, 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 Spain ($X per unit), while the average price for exports to Nigeria ($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 Spain (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into Portugal

In 2021, after three years of decline, there was significant growth in purchases abroad of road tractors for semi-trailers, when their volume increased by 20% to X units. Overall, imports saw pronounced growth. The most prominent rate of growth was recorded in 2017 when imports increased by 44% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports soared to $X in 2021. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 69%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), France (X units) and Germany (X units) were the main suppliers of road tractor for semi-trailer imports to Portugal, together comprising 61% of total imports. These countries were followed by Spain, Turkey, Belgium and Poland, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +333.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest road tractor for semi-trailer suppliers to Portugal were the Netherlands ($X), Germany ($X) and France ($X), together comprising 58% of total imports. Belgium, Turkey, Spain and Poland lagged somewhat behind, together comprising a further 41%.

Turkey, with a CAGR of +440.4%, 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

The average road tractor for semi-trailer import price stood at $X per unit in 2021, with an increase of 2.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 38%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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