Portugal: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in Portugal

The Portuguese special vehicle body market amounted to $X in 2022, remaining constant against the previous year. In general, consumption, however, showed a prominent expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Special Vehicle Body Production in Portugal

In value terms, special vehicle body production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Special vehicle body production peaked at $X in 2021, and then fell modestly in the following year.

Special Vehicle Body Exports

Exports from Portugal

In 2022, shipments abroad of bodies for special purpose motor vehicles decreased by X% to X units, falling for the third year in a row after three years of growth. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, special vehicle body exports shrank markedly to $X in 2022. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), Germany (X units) and Spain (X units) were the main destinations of special vehicle body exports from Portugal, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X), Spain ($X) and Sweden ($X) appeared to be the largest markets for special vehicle body exported from Portugal worldwide, with a combined X% share of total exports. Germany, Belgium, Angola and Morocco lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Germany, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average special vehicle body export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Morocco ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Special Vehicle Body Imports

Imports into Portugal

In 2022, approx. X units of bodies for special purpose motor vehicles were imported into Portugal; picking up by X% compared with 2021 figures. Over the period under review, imports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, special vehicle body imports amounted to $X in 2022. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of special vehicle body to Portugal, accounting for a X% share of total imports. Moreover, special vehicle body imports from Italy exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Spain (X% per year).

In value terms, Italy ($X) constituted the largest supplier of bodies for special purpose motor vehicles to Portugal, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average special vehicle body import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price faced a deep contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Spain ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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