Portugal - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMotor Vehicle Engine Price in Portugal - 2023
Contents:
- Motor Vehicle Engine Price in Portugal (CIF) - 2023
- Motor Vehicle Engine Price in Portugal (FOB) - 2022
- Motor Vehicle Engine Imports in Portugal
- Motor Vehicle Engine Exports in Portugal
Motor Vehicle Engine Price in Portugal (CIF) - 2023
The average motor vehicle engine import price stood at $671 per unit in July 2023, surging by 2.9% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 9.2% month-to-month. Over the period under review, average import prices reached the peak figure at $696 per unit in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Hungary ($757 per unit), while the price for Spain ($273 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hungary (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Vehicle Engine Price in Portugal (FOB) - 2022
In 2022, the average motor vehicle engine export price amounted to $8.1 per unit, dropping by -19.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 38% against the previous year. The export price peaked at $10 per unit in 2021, and then dropped sharply in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($17 per unit), while the average price for exports to Cameroon ($0.5 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 France (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Motor Vehicle Engine Imports in Portugal
In 2022, the amount of motor vehicle engines (spark-ignition) imported into Portugal reached 21M units, growing by 9.7% on the previous year's figure. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, motor vehicle engine imports rose markedly to $422M in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Motor Vehicle Engine in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 294 | 254 | 273 | 310 | 1.8% |
| Hungary | 49.9 | 53.7 | 108 | 101 | 26.5% |
| Others | 21.0 | 10.1 | 5.8 | 11.1 | -19.1% |
| Total | 365 | 318 | 386 | 422 | 5.0% |
Top Suppliers of Motor Vehicle Engine to Portugal in 2022:
- Germany (14.3M units)
- Hungary (6.4M units)
Motor Vehicle Engine Exports in Portugal
Motor vehicle engine exports from Portugal skyrocketed to 487K units in 2022, picking up by 437% compared with 2021 figures. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, motor vehicle engine exports soared to $4M in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Motor Vehicle Engine in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 80.2 | 201 | 124 | 2,067 | 195.4% |
| Spain | 595 | 685 | 358 | 712 | 6.2% |
| Germany | 371 | N/A | 17.4 | 219 | -16.1% |
| Angola | 117 | 72.3 | 97.5 | 185 | 16.5% |
| Belgium | N/A | 155 | 60.7 | 112 | -15.0% |
| Italy | N/A | 10.5 | 22.2 | 91.3 | 194.9% |
| Austria | N/A | N/A | 7.8 | 66.8 | 756.4% |
| Nigeria | 39.8 | 0.7 | 9.0 | 54.2 | 10.8% |
| Switzerland | 4.8 | 1.5 | 24.8 | 49.6 | 117.8% |
| Cabo Verde | 21.0 | 40.5 | 34.5 | 35.2 | 18.8% |
| Finland | 3.2 | 4.3 | 2.3 | 32.8 | 117.2% |
| Guinea-Bissau | 2.5 | 0.4 | 3.4 | 15.3 | 82.9% |
| Cameroon | N/A | N/A | N/A | 6.6 | 0% |
| Others | 303 | 1,320 | 155 | 314 | 1.2% |
| Total | 1,538 | 2,491 | 917 | 3,960 | 37.1% |
Top Export Markets for Motor Vehicle Engine from Portugal in 2022:
- France (184.2K units)
- Nigeria (100.5K units)
- Spain (44.6K units)
- Germany (19.5K units)
- Cabo Verde (19.2K units)
- Belgium (13.9K units)
- Italy (13.7K units)
- Cameroon (13.0K units)
- Angola (10.6K units)
- Finland (10.2K units)
- Guinea-Bissau (9.7K units)
- Austria (8.8K units)
- Switzerland (7.8K units)
This report provides an in-depth analysis of the motor vehicle engine 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 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
- Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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