Portugal: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2022

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Portugal

The Portuguese market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps rose significantly to $X in 2021, with an increase of 7% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.7% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Portugal

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps reached $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 68%. Production of peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Portugal

After two years of decline, shipments abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 13% to X units in 2021. Overall, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 89% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps surged to $X in 2021. Over the period under review, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 80% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

France (X units), Angola (X units) and Spain (X units) were the main destinations of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Portugal, with a combined 47% share of total exports. These countries were followed by Poland, Germany, Ireland, South Africa, the UK, Brazil, Mozambique, Chile, Cote d'Ivoire and Cabo Verde, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +22.7%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), France ($X) and Brazil ($X) appeared to be the largest markets for hydraulic pump (gear or vane) and other rotary positive displacement pump exported from Portugal worldwide, together comprising 42% of total exports.

Brazil, with a CAGR of +24.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, with an increase of 2.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 7.7% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per unit), while the average price for exports to Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Portugal

In 2021, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were imported into Portugal; with a decrease of -9.8% compared with 2020. In general, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2017 when imports increased by 91%. Imports peaked at X units in 2020, and then contracted in the following year.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.7% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 37%. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to Portugal, with a 37% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Spain exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.4% per year) and Italy (+6.9% per year).

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to Portugal were Spain ($X), Germany ($X) and Italy ($X), together accounting for 64% of total imports. Japan, France, the Netherlands, the UK and China lagged somewhat behind, together accounting for a further 27%.

China, with a CAGR of +15.8%, recorded 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

The average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, growing by 14% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 34%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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