Portugal: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Portugal

After five years of decline, the Portuguese transportation vehicle body market increased by X% to $X in 2022. Over the period under review, consumption, however, saw a dramatic contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Transportation Vehicle Body Production in Portugal

In value terms, transportation vehicle body production soared to $X in 2022 estimated in export price. In general, production, however, recorded a mild decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Transportation Vehicle Body Exports

Exports from Portugal

In 2022, approx. X units of bodies for motor vehicles for the transporting people were exported from Portugal; declining by X% compared with 2021. Over the period under review, exports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, transportation vehicle body exports surged to $X in 2022. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units), the United States (X units) and Cabo Verde (X units) were the main destinations of transportation vehicle body exports from Portugal, together accounting for X% of total exports. Angola, the UK, the Netherlands, Italy, Hong Kong SAR, Poland, Belgium, Germany and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for transportation vehicle body exported from Portugal were the United States ($X), Spain ($X) and the Netherlands ($X), together accounting for X% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of X.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average transportation vehicle body export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Cabo Verde ($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 Netherlands (X.1%), while the prices for the other major destinations experienced more modest paces of growth.

Transportation Vehicle Body Imports

Imports into Portugal

Transportation vehicle body imports into Portugal surged to X units in 2022, picking up by X% compared with the year before. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, transportation vehicle body imports surged to $X in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest transportation vehicle body supplier to Portugal, accounting for a X% share of total imports. Moreover, transportation vehicle body imports from the UK exceeded the figures recorded by the second-largest supplier, Brazil (X units), sixfold. Belgium (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Belgium (X% per year).

In value terms, the largest transportation vehicle body suppliers to Portugal were the UK ($X), Brazil ($X) and Germany ($X), with a combined X% share of total imports.

Brazil, with a CAGR of X%, recorded the highest growth rate of 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 transportation vehicle body import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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