Portugal: Wheeled Loader Market 2024

Wheeled Loader Market Size in Portugal

The Portuguese wheeled loader market skyrocketed to $X in 2021, rising by 68% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Wheeled loader consumption peaked in 2021 and is expected to retain growth in years to come.

Wheeled Loader Production in Portugal

In value terms, wheeled loader production shrank markedly to $X in 2021 estimated in export price. Over the period under review, production faced a sharp reduction. The pace of growth was the most pronounced in 2016 when the production volume decreased by -14.6% against the previous year. Wheeled loader production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wheeled Loader Exports

Exports from Portugal

Wheeled loader exports from Portugal contracted significantly to X units in 2021, with a decrease of -62.9% compared with 2020 figures. In general, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 230%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wheeled loader exports contracted notably to $X in 2021. Overall, exports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 176% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X units), Egypt (X units) and Cabo Verde (X units) were the main destinations of wheeled loader exports from Portugal, together comprising 51% of total exports.

From 2012 to 2021, the biggest increases were recorded for Cabo Verde (with a CAGR of +34.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheeled loader exported from Portugal were Spain ($X), Cabo Verde ($X) and Angola ($X), together accounting for 56% of total exports.

Among the main countries of destination, Cabo Verde, with a CAGR of +42.1%, saw the highest growth rate of 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 wheeled loader export price stood at $X per unit in 2021, surging by 71% against the previous year. Overall, the export price, however, continues to indicate a slight reduction. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Morocco ($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 Egypt (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Portugal

In 2021, overseas purchases of wheeled loaders, crawler shovel loaders, front-end loaders increased by 47% to X units, rising for the fifth year in a row after two years of decline. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 74% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, wheeled loader imports soared to $X in 2021. Over the period under review, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), the Czech Republic (X units) and Italy (X units) were the main suppliers of wheeled loader imports to Portugal, with a combined 53% share of total imports. These countries were followed by the UK, Germany, Belgium, France, Sweden and the Netherlands, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +43.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Spain ($X) and the UK ($X) were the largest wheeled loader suppliers to Portugal, with a combined 46% share of total imports. These countries were followed by the Czech Republic, the Netherlands, Belgium, Germany, Italy and France, which together accounted for a further 45%.

The Czech Republic, with a CAGR of +30.4%, recorded the highest rates of growth with regard to the value of imports, among 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 wheeled loader import price stood at $X per unit in 2021, reducing by -4.4% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 9.5%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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