Portugal: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Portugal

In 2022, the Portuguese market for turbo, rotary and reciporating displacement compressors decreased by X% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Portugal

In value terms, production of turbo, rotary and reciporating displacement compressors reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Portugal

For the third year in a row, Portugal recorded growth in overseas shipments of turbo, rotary and reciporating displacement compressors, which increased by X% to X units in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X units in 2015; afterwards, it flattened through to 2022.

In value terms, exports of turbo, rotary and reciporating displacement compressors totaled $X in 2022. Over the period under review, exports continue to indicate strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Portugal, with a X% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to Germany exceeded the volume sent to the second major destination, Italy (X units), ninefold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, dropping by X% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for turbo, rotary and reciporating displacement compressors increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands ($X 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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Portugal

After two years of growth, overseas purchases of turbo, rotary and reciporating displacement compressors decreased by X% to X units in 2022. In general, imports, however, enjoyed modest growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of turbo, rotary and reciporating displacement compressors contracted to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Spain (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to Portugal, with a combined X% share of total imports. The Netherlands, Belgium, France, Italy and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Portugal were Germany ($X), Belgium ($X) and Spain ($X), together accounting for X% of total imports. Italy, China, the Netherlands, France and Japan lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, saw 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 import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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