Cranes; Tower Cranes Price in Portugal - 2023

Contents:

  1. Cranes; Tower Cranes Price in Portugal (FOB) - 2023
  2. Cranes; Tower Cranes Price in Portugal (CIF) - 2022
  3. Cranes; Tower Cranes Exports in Portugal
  4. Cranes; Tower Cranes Imports in Portugal

Cranes; Tower Cranes Price in Portugal (FOB) - 2023

In July 2023, the average cranes; tower cranes export price amounted to $195K per unit, declining by -15.8% against the previous month. Over the period under review, export price indicated a perceptible increase from July 2022 to July 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, cranes; tower cranes export price decreased by -28.1% against May 2023 indices. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 72% m-o-m. The export price peaked at $271K per unit in May 2023; however, from June 2023 to July 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was France ($242K per unit), while the average price for exports to Morocco ($14,748 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cranes; Tower Cranes Price in Portugal (CIF) - 2022

In 2022, the average cranes; tower cranes import price amounted to $11,202 per unit, dropping by -17.9% against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 40%. The import price peaked at $95,436 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($32,225 per unit), while the price for Switzerland ($308 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+74.9%), while the prices for the other major suppliers experienced a decline.

Cranes; Tower Cranes Exports in Portugal

In 2022, exports of cranes; tower craneses from Portugal rose slightly to 2.2K units, surging by 4.9% compared with the year before. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 262% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, cranes; tower cranes exports declined to $74M in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 125%. Over the period under review, the exports attained the maximum at $80M in 2021, and then reduced in the following year.

Export of Cranes; Tower Cranes in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France14.031.849.745.948.6%
Germany5.012.010.710.929.7%
Italy1.96.411.07.860.1%
Switzerland0.92.52.42.947.7%
United States1.20.6N/A1.712.3%
Romania0.20.51.00.20.0%
EgyptN/A4.1N/AN/A0%
Others6.79.45.04.0-15.8%
Total29.967.379.773.535.0%

Top Export Markets for Cranes; Tower Cranes from Portugal in 2022:

  1. France (1049.0 units)
  2. Italy (380.0 units)
  3. Germany (380.0 units)
  4. Switzerland (102.0 units)
  5. Romania (50.0 units)
  6. United States (43.0 units)

Cranes; Tower Cranes Imports in Portugal

For the fourth year in a row, Portugal recorded growth in purchases abroad of cranes; tower craneses, which increased by 7.7% to 686 units in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 132% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, cranes; tower cranes imports shrank to $7.7M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports reached the peak of $8.7M, and then declined in the following year.

Import of Cranes; Tower Cranes in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain3.93.95.75.310.8%
Germany0.11.30.81.4141.0%
FranceN/A0.61.90.5-8.7%
Italy0.70.2N/A0.3-24.6%
United KingdomN/AN/A0.20.20.0%
SwitzerlandN/AN/AN/AN/A0%
Algeria0.20.10.1N/A-29.3%
Others0.60.5N/AN/A-16.7%
Total5.56.78.77.711.9%

Top Suppliers of Cranes; Tower Cranes to Portugal in 2022:

  1. Germany (290.0 units)
  2. Spain (211.0 units)
  3. United Kingdom (91.0 units)
  4. Switzerland (49.0 units)
  5. France (34.0 units)
  6. Italy (11.0 units)

Source: IndexBox Market Intelligence Platform

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