Portugal: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Portugal

The Portuguese mechanical shovel and excavator market dropped slightly to $X in 2022, which is down by X% against the previous year. In general, consumption saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when the market value increased by X%. Mechanical shovel and excavator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Portugal

In value terms, mechanical shovel and excavator production dropped to $X in 2022 estimated in export price. Overall, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Mechanical shovel and excavator production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Portugal

In 2022, overseas shipments of mechanical shovels, excavators and shovel loaders decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 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, mechanical shovel and excavator exports expanded notably to $X in 2022. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units), Egypt (X units) and Angola (X units) were the main destinations of mechanical shovel and excavator exports from Portugal, with a combined X% share of total exports. France, the Netherlands, Cabo Verde, Morocco, Sao Tome and Principe, Italy, Belgium, Guinea-Bissau, Cameroon and Mozambique 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 Sao Tome and Principe (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Angola ($X) and Egypt ($X) were the largest markets for mechanical shovel and excavator exported from Portugal worldwide, together comprising X% of total exports. The Netherlands, Cabo Verde, France, Sao Tome and Principe, Cameroon, Morocco, Belgium, Guinea-Bissau, Mozambique and Italy lagged somewhat behind, together accounting for a further X%.

Sao Tome and Principe, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average mechanical shovel and excavator export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a noticeable contraction. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Italy ($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 Cameroon (X%), while the prices for the other major destinations experienced a decline.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Portugal

In 2022, mechanical shovel and excavator imports into Portugal declined significantly to X units, shrinking by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then fell sharply in the following year.

In value terms, mechanical shovel and excavator imports reduced to $X in 2022. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Spain (X units), France (X units) and Germany (X units) were the main suppliers of mechanical shovel and excavator imports to Portugal, together comprising X% of total imports. Belgium, the Netherlands, Italy, China, the UK and the Czech Republic 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 China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest mechanical shovel and excavator suppliers to Portugal, with a combined X% share of total imports. France, the UK, Italy, Germany, the Czech Republic and China lagged somewhat behind, together comprising a further X%.

China, 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

The average mechanical shovel and excavator import price stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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