Portugal lifting equipment market soars to X USD in 2021, up X% year-on-year. Overall, however, consumption declined slightly. During the period under review, the market peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.
In value terms, hoisting equipment production increased significantly to an estimated $X at export prices in 2021. Overall, there was a sudden drop in production. The fastest growth was recorded in 2013, with an increase of X%. Lifting equipment production peaked at $X in 2014; however, production has remained low from 2015 to 2021.
Portugal's hoisting equipment exports fell sharply to X units in 2021, down -X% from 2020. Overall, exports fell sharply. The most significant growth rate occurred in 2020, when exports increased by X%. During the period under review, exports reached a record high of X units in 2013; however, from 2014 to 2021, exports have remained at a low level.
In terms of value, hoisting equipment exports contracted significantly to $X in 2021. During the period under review, exports fell sharply. The growth rate was most pronounced in 2015, with an X% increase over the previous year. As a result, exports peaked at X dollars. From 2016 to 2021, the export growth rate will remain at a low level.
Spain (X units), France (X units) and Romania (X units) are the main destinations for Portuguese lifting equipment exports, accounting for X% of total exports. From 2012 to 2021, among the major destination countries, Romania will see the most significant growth in shipments (+X% CAGR), while other leaders have more modest growth rates.
Spain ($X) remains the leading foreign market for Portuguese lifting equipment exports in value terms, accounting for X% of total exports. In second place is France ($X) with X% of total exports. It was followed by Chile with an X% share.
From 2012 to 2021, the average annual growth in value to Spain will total -X%. Exports to other major destinations recorded the following average annual export growth rates: France (-X% per annum) and Chile (+X% per annum).
In 2021, Portugal's imports of lifting equipment surged to X units, an increase of X% over the 2020 figure. During the period under review, imports showed a strong growth trend. The fastest growth was recorded in 2018, with imports increasing by X%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports have remained low.
Lifting equipment imports surge to $X by value in 2021. Overall, imports have grown significantly. The most significant growth rate occurred in 2018, when imports increased by X% over the previous year. During the period under review, imports peaked at $X in 2019; however, imports were slightly lower from 2020 to 2021.
In 2021, Spain (X units) is the largest supplier of lifting equipment to Portugal, accounting for X% of total imports. In addition, imports of lifting equipment from Spain were six times higher than the figures recorded by the second largest supplier, the Netherlands (X units). In third place is Germany (X units) with an X% share.
From 2012 to 2021, the average annual growth rate of sales in Spain is +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Netherlands (+X% per annum) and Germany (+X% per annum). Spain ($X) is the largest lifting equipment supplier to Portugal by value, representing X% of total imports. In second place is the Netherlands ($X) with X% of total imports. It is followed by Germany with an X% share.
From 2012 to 2021, Spain will see an average annual value growth of +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Netherlands (+X% per annum) and Germany (+X% per annum).
Spain is Portugal's largest supplier of lifting equipment by value, accounting for 57% of total imports. In second place is the Netherlands, with 20% of total imports. It is followed by Germany with a share of 9.7%.
In value terms, Spain remains the main foreign market for Portuguese lifting equipment exports, accounting for 69% of total exports. In second place is France, with 23% of total exports. It is followed by Chile with a share of 3.5%.
The average export price of hoisting equipment in 2021 is US$2,485 per unit, an increase of 83% year-on-year.
The average import price of hoisting equipment in 2021 is US$985/unit, a year-on-year decrease of -25.6%.
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