Report Update: May 1, 2024

Portugal - Cranks And Crankshafts - Market Analysis, Forecast, Size, Trends And Insights

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Cranks and Crankshafts Price in Portugal - 2023

Cranks and Crankshafts Price in Portugal (CIF) - 2022

In 2022, the average cranks and crankshafts import price amounted to $16,465 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed moderate growth. The growth pace was the most rapid in 2019 when the average import price increased by 83% against the previous year. The import price peaked at $16,504 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($58,469 per ton), while the price for Turkey ($6,591 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Cranks and Crankshafts Price in Portugal (FOB) - 2023

The average cranks and crankshafts export price stood at $29,010 per ton in June 2023, waning by -12.7% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 35% m-o-m. The export price peaked at $33,229 per ton in May 2023, and then reduced in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($45,867 per ton), while the average price for exports to Brazil ($15,983 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks and Crankshafts Imports in Portugal

In 2022, overseas purchases of cranks and crankshafts were finally on the rise to reach 988 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cranks and crankshafts imports surged to $16M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cranks and Crankshafts in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.6	0.1	0.2	4.9	101.4%
Spain	3.2	1.9	2.5	4.2	9.5%
Germany	1.2	2.0	1.9	1.9	16.6%
Japan	0.9	0.6	0.7	1.2	10.1%
Turkey	0.1	0.1	0.1	0.8	100.0%
Hungary	0.7	0.7	0.8	0.6	-5.0%
France	0.4	0.4	0.5	0.5	7.7%
Italy	0.5	0.3	0.2	0.2	-26.3%
Others	1.7	1.7	1.7	1.9	3.8%
Total	9.2	7.7	8.7	16.3	21.0%

Top Suppliers of Cranks and Crankshafts to Portugal in 2022:

China (401.4 tons)
Spain (206.3 tons)
Turkey (117.2 tons)
Germany (77.4 tons)
France (56.7 tons)
Hungary (49.5 tons)
Japan (20.4 tons)
Italy (10.1 tons)

Cranks and Crankshafts Exports in Portugal

In 2022, exports of cranks and crankshafts from Portugal fell remarkably to 136 tons, which is down by -22.2% compared with the previous year. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 49%.

In value terms, cranks and crankshafts exports declined to $4.3M in 2022. The total export value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33%. As a result, the exports attained the peak of $4.8M, and then dropped in the following year.

Export of Cranks and Crankshafts in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	531	685	703	918	20.0%
France	761	769	734	854	3.9%
Italy	542	386	1,216	551	0.6%
Netherlands	371	475	481	535	13.0%
Switzerland	15.9	20.0	207	408	195.0%
Spain	507	349	293	279	-18.1%
Angola	132	161	206	278	28.2%
Algeria	126	142	327	4.1	-68.1%
Others	474	613	608	511	2.5%
Total	3,460	3,600	4,774	4,339	7.8%

Top Export Markets for Cranks and Crankshafts from Portugal in 2022:

Germany (28.2 tons)
France (27.2 tons)
Italy (20.4 tons)
Netherlands (17.5 tons)
Switzerland (12.1 tons)
Angola (8.7 tons)
Spain (8.5 tons)
Algeria (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cranks and crankshafts market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28152230 - Cranks and crankshafts
Prodcom 28152250 - Cardan shafts
Prodcom 28152270 - Other shafts

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023