Pumps; Parts Thereof Price in Portugal - 2023
Contents:
- Pumps; Parts Thereof Price in Portugal (CIF) - 2023
- Pumps; Parts Thereof Price in Portugal (FOB) - 2022
- Pumps; Parts Thereof Imports in Portugal
- Pumps; Parts Thereof Exports in Portugal
Pumps; Parts Thereof Price in Portugal (CIF) - 2023
The average pumps; parts thereof import price stood at $29,574 per ton in June 2023, reducing by -9% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 24% month-to-month. The import price peaked at $32,489 per ton in May 2023, and then contracted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($47,230 per ton), while the price for China ($8,353 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Portugal (FOB) - 2022
In 2022, the average pumps; parts thereof export price amounted to $29,189 per ton, reducing by -7.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 10% against the previous year. The export price peaked at $32,420 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($36,945 per ton), while the average price for exports to Romania ($10,915 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Portugal
In 2022, the amount of pumps; parts thereoves imported into Portugal expanded modestly to 2.2K tons, increasing by 4.9% against the year before. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, pumps; parts thereof imports contracted to $59M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. As a result, imports attained the peak of $61M, and then dropped slightly in the following year.
| Import of Pumps; Parts Thereof in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 16.7 | 12.4 | 20.5 | 14.7 | -4.2% |
| Spain | 12.1 | 9.5 | 11.4 | 11.3 | -2.3% |
| Italy | 4.4 | 4.9 | 6.3 | 7.4 | 18.9% |
| Germany | 6.0 | 6.1 | 6.1 | 5.6 | -2.3% |
| Netherlands | 3.2 | 3.1 | 3.9 | 4.3 | 10.4% |
| Finland | 0.6 | 1.8 | 3.3 | 3.5 | 80.0% |
| India | 2.1 | 2.5 | 2.1 | 2.6 | 7.4% |
| United Kingdom | 2.3 | 0.8 | 1.6 | 2.6 | 4.2% |
| China | 0.5 | 0.3 | 1.0 | 0.9 | 21.6% |
| Others | 4.1 | 3.3 | 4.6 | 6.5 | 16.6% |
| Total | 51.9 | 44.9 | 60.6 | 59.4 | 4.6% |
Top Suppliers of Pumps; Parts Thereof to Portugal in 2022:
- France (504.8 tons)
- Spain (434.2 tons)
- Italy (345.6 tons)
- India (228.2 tons)
- Germany (147.5 tons)
- Netherlands (115.3 tons)
- Finland (104.0 tons)
- China (69.7 tons)
- United Kingdom (27.0 tons)
Pumps; Parts Thereof Exports in Portugal
In 2022, approx. 797 tons of pumps; parts thereoves were exported from Portugal; picking up by 13% on the previous year's figure. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, pumps; parts thereof exports expanded slightly to $23M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Pumps; Parts Thereof in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | 0.6 | 1.7 | 1.8 | 3.8 | 85.0% |
| Morocco | 1.1 | 3.9 | 5.7 | 3.8 | 51.2% |
| China | 3.6 | 3.8 | 4.0 | 3.2 | -3.9% |
| Netherlands | N/A | N/A | 0.5 | 2.2 | 340.0% |
| Angola | 1.7 | 0.9 | 1.4 | 2.2 | 9.0% |
| Spain | 1.2 | 1.1 | 1.5 | 1.7 | 12.3% |
| France | 0.5 | 1.2 | 2.0 | 1.6 | 47.4% |
| Germany | 0.8 | 0.4 | 0.7 | 1.1 | 11.2% |
| Romania | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| United Kingdom | 1.2 | 1.0 | 0.4 | 0.3 | -37.0% |
| Others | 3.6 | 3.4 | 4.2 | 3.2 | -3.9% |
| Total | 14.3 | 17.6 | 22.3 | 23.3 | 17.7% |
Top Export Markets for Pumps; Parts Thereof from Portugal in 2022:
- Tunisia (147.2 tons)
- Morocco (122.3 tons)
- China (102.1 tons)
- Netherlands (84.1 tons)
- France (66.2 tons)
- Angola (58.8 tons)
- Spain (55.9 tons)
- Germany (38.2 tons)
- Romania (30.6 tons)
- United Kingdom (9.2 tons)
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