Portugal: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Portugal

In 2022, the Portuguese gearboxes and speed changers market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Gearboxes and Speed Changers in Portugal

In value terms, gearboxes and speed changers production surged to $X in 2022 estimated in export price. Overall, production recorded prominent growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Gearboxes and speed changers production peaked in 2022 and is expected to retain growth in the near future.

Exports of Gearboxes and Speed Changers

Exports from Portugal

Gearboxes and speed changers exports from Portugal contracted sharply to X tons in 2022, dropping by X% compared with 2021 figures. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, gearboxes and speed changers exports contracted remarkably to $X in 2022. Over the period under review, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), Germany (X tons) and Denmark (X tons) were the main destinations of gearboxes and speed changers exports from Portugal, together comprising X% of total exports. France, Angola, the UK, Mozambique and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for gearboxes and speed changers exported from Portugal were France ($X), Spain ($X) and Angola ($X), together comprising X% of total exports. Germany, the UK, Mozambique, Denmark and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the UK, with a CAGR of X%, saw 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

The average gearboxes and speed changers export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price saw a temperate increase. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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

Imports of Gearboxes and Speed Changers

Imports into Portugal

In 2022, purchases abroad of gearboxes and speed changers increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers imports skyrocketed to $X in 2022. Overall, imports recorded a measured expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), China (X tons) and Spain (X tons) were the main suppliers of gearboxes and speed changers imports to Portugal, with a combined X% share of total imports. Italy, Japan and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest gearboxes and speed changers suppliers to Portugal were Spain ($X), Denmark ($X) and Italy ($X), together comprising X% of total imports. China, Germany and Japan lagged somewhat behind, together accounting for a further X%.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to 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 gearboxes and speed changers import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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