Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Portugal - 2023

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Portugal (CIF) - 2023
2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Portugal (FOB) - 2022
3. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Portugal
4. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Portugal

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Portugal (CIF) - 2023

The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $2,412 per unit in November 2023, approximately mirroring the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average import price increased by 17% month-to-month. As a result, import price reached the peak level of $2,755 per unit; afterwards, it flattened through to November 2023.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($5,391 per unit), while the price for India ($819 per unit) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Portugal (FOB) - 2022

The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $2,054 per unit in 2022, rising by 33% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the average export price increased by 43%. The export price peaked at $2,691 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($7,525 per unit), while the average price for exports to Nigeria ($268 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 Democratic Republic of the Congo (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Portugal

In 2022, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) into Portugal declined slightly to 127K units, almost unchanged from the year before. In general, imports saw a abrupt descent. Over the period under review, imports of reached the peak figure at 180K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) fell to $291M in 2022. Over the period under review, imports recorded a deep setback. The smallest decline of -1.4% was in 2021. Imports peaked at $432M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Portugal in 2022:

1. France (70.6K units)
2. Poland (36.3K units)
3. Italy (9.7K units)
4. China (3.3K units)
5. Japan (2.5K units)
6. Spain (2.1K units)
7. Germany (0.2K units)

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Portugal

In 2022, approx. 2.4K units of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) were exported from Portugal; with a decrease of -17.4% compared with the year before. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of 2.9K units, and then fell markedly in the following year.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) expanded rapidly to $4.9M in 2022. The total export value increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Portugal in 2022:

1. Spain (427.0 units)
2. Democratic Republic of the Congo (288.0 units)
3. Senegal (287.0 units)
4. Cabo Verde (249.0 units)
5. Angola (241.0 units)
6. Bolivia (181.0 units)
7. Morocco (137.0 units)
8. Cuba (92.0 units)
9. Syrian Arab Republic (87.0 units)
10. Turkey (79.0 units)
11. Nigeria (68.0 units)
12. Guinea-Bissau (33.0 units)

Source: IndexBox Market Intelligence Platform