Portugal: Brakes And Servo-Brakes Market 2024

Brakes And Servo-Brakes Market Size in Portugal

The Portuguese brakes and servo-brakes market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Brakes And Servo-Brakes Production in Portugal

In value terms, brakes and servo-brakes production totaled $X in 2022 estimated in export price. Over the period under review, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Brakes and servo-brakes production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Brakes And Servo-Brakes Exports

Exports from Portugal

In 2022, overseas shipments of brakes and servo-brakes decreased by X% to X tons, falling for the fourth year in a row after seven years of growth. In general, exports showed a drastic downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, brakes and servo-brakes exports declined significantly to $X in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for brakes and servo-brakes exports from Portugal, with a X% share of total exports. Moreover, brakes and servo-brakes exports to Spain exceeded the volume sent to the second major destination, France (X tons), twofold. Romania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Romania (X% per year).

In value terms, Spain ($X), France ($X) and Romania ($X) constituted the largest markets for brakes and servo-brakes exported from Portugal worldwide, together comprising X% of total exports.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average brakes and servo-brakes export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Poland ($X per ton), while the average price for exports to Spain ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced a decline.

Brakes And Servo-Brakes Imports

Imports into Portugal

In 2022, purchases abroad of brakes and servo-brakes decreased by X% to X tons, falling for the fourth year in a row after five years of growth. Over the period under review, imports recorded a slight slump. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, brakes and servo-brakes imports contracted to $X in 2022. In general, imports showed a slight setback. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and China (X tons) were the main suppliers of brakes and servo-brakes imports to Portugal, with a combined X% share of total imports. Slovakia, Poland, Italy, France, Belgium, the Czech Republic and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Slovakia ($X) constituted the largest brakes and servo-brakes suppliers to Portugal, together accounting for X% of total imports.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average brakes and servo-brakes import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform