Portugal: Dc Motor Market 2024

Dc Motor Market Size in Portugal

For the third consecutive year, the Portuguese DC motor market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption saw a strong expansion. Consumption peaked in 2023 and is likely to see steady growth in the near future.

Dc Motor Production in Portugal

In value terms, DC motor production contracted significantly to $X in 2023 estimated in export price. Overall, production showed a precipitous decline. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

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Dc Motor Exports

Exports from Portugal

In 2023, after three years of decline, there was significant growth in shipments abroad of DC motors, when their volume increased by X% to X units. Overall, exports posted a strong expansion. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X units in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, DC motor exports skyrocketed to $X in 2023. Over the period under review, total exports indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for DC motor exports from Portugal, accounting for a X% share of total exports. Moreover, DC motor exports to France exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. Switzerland (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Switzerland (X% per year).

In value terms, France ($X) remains the key foreign market for DC motors exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2023, the average DC motor export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced a decline.

Dc Motor Imports

Imports into Portugal

For the third consecutive year, Portugal recorded growth in overseas purchases of DC motors, which increased by X% to X units in 2023. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, DC motor imports expanded significantly to $X in 2023. Over the period under review, imports showed a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X units), Switzerland (X units) and China (X units) were the main suppliers of DC motor imports to Portugal, with a combined X% share of total imports. The Netherlands, France, Slovakia, Spain and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and France ($X) constituted the largest DC motor suppliers to Portugal, with a combined X% share of total imports. China, the Netherlands, Spain, Slovakia and Poland lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the average DC motor import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform