Portugal: Transmission Apparatus Market 2024

Transmission Apparatus Market Size in Portugal

After five years of growth, the Portuguese transmission apparatus market decreased by -1.7% to $X in 2021. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.2% against 2014 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then declined in the following year.

Transmission Apparatus Production in Portugal

In value terms, transmission apparatus production amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +43.8% against 2013 indices. The pace of growth was the most pronounced in 2018 with an increase of 22%. Transmission apparatus production peaked in 2021 and is likely to see steady growth in years to come.

Transmission Apparatus Exports

Exports from Portugal

In 2021, overseas shipments of transmission apparatus incorporating reception apparatus were finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a abrupt descent. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, transmission apparatus exports expanded modestly to $X in 2021. Over the period under review, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 when exports increased by 41% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), Sweden (X tons) and Spain (X tons) were the main destinations of transmission apparatus exports from Portugal, together comprising 63% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +58.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for transmission apparatus exported from Portugal were France ($X), Spain ($X) and Belgium ($X), together comprising 54% of total exports. These countries were followed by Poland, Sweden, Germany, the UK, Angola, the United States and Hong Kong SAR, which together accounted for a further 32%.

Sweden, with a CAGR of +49.8%, saw 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

The average transmission apparatus export price stood at $X per ton in 2021, with a decrease of -34.5% against the previous year. Over the period under review, the export price, however, saw slight growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 87%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Portugal

In 2021, supplies from abroad of transmission apparatus incorporating reception apparatus decreased by -2.4% to X tons, falling for the third year in a row after two years of growth. In general, imports saw a slight curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 12% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, transmission apparatus imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +5.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 20%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and Vietnam (X tons) were the main suppliers of transmission apparatus imports to Portugal, with a combined 58% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +16.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest transmission apparatus suppliers to Portugal were Spain ($X), Vietnam ($X) and China ($X), with a combined 66% share of total imports.

Spain, with a CAGR of +47.8%, saw 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

In 2021, the average transmission apparatus import price amounted to $X per ton, picking up by 12% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transmission apparatus import price increased by +80.4% against 2012 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 19% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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