For the fourth consecutive year, the Portuguese market for pulley tackle and hoists powered by an electric motor recorded growth in sales value, which increased by X% to $X in 2021. Over the period under review, consumption enjoyed a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term

In value terms, production of pulley tackle and hoists powered by an electric motor contracted to $X in 2021 estimated in export price. Overall, production, however, saw a prominent expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020, and then fell in the following year.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor
In 2021, the number of motor driven pulley blocks and cranes exported from Portugal surged to X, an increase of X% compared with 2020. On the whole, exports increased significantly. The fastest growth rate was X% in 2017. During the reporting period, China’s exports peaked in 2021 and may grow steadily in the short term.

In terms of value, in 2021, the export value of pulley block and crane driven by motor is X dollars. On the whole, exports grew significantly. The growth rate in 2017 was the most significant, increasing by X%. Therefore, the export volume reached the peak of X dollars. From 2018 to 2021, export growth remained at a low level.

Qatar (X sets) Mexico (X sets “) and Angola (X sets”) are the main export destinations of Portugal’s electric pulley blocks and cranes, accounting for X% of the total export. Switzerland, France, Spain and Luxembourg are closely followed. From 2012 to 2021, the freight volume of these four countries increased by X again. Among the main destination countries, France has the most significant growth rate of freight volume (CAGR+X%) The growth rate of other countries is relatively slow. In terms of value, Qatar (USD X) is still the main foreign market for motor driven pulley blocks and cranes exported from Portugal, accounting for X% of the total exports. Angola ranked second (US $X), accounting for X% of total exports. Spain followed with a share of X%.

From 2012 to 2021, the average annual growth rate of Qatar’s value is+X%. Exports to other major destinations recorded the following average annual export growth rates: Angola (+X% per year) and Spain (+X% per year).

Imports of Pulley Tackle And Hoists Powered By An Electric Motor
Portugal has purchased pulley blocks and cranes driven by motors overseas for the sixth consecutive year, an increase of X% in 2021, reaching X sets. On the whole, imports showed a strong growth. Therefore, imports have reached a peak and may continue to grow in the short term.

In terms of value, in 2021, the import of pulley blocks and cranes driven by motors soared to $X. In general, the import volume has increased significantly. The fastest growth rate was in 2016, with a year-on-year growth of X%. Imports will peak in 2021 and may increase gradually in the next few years.

In 2021, India (X sets) became the largest supplier of pulley blocks and electric hoists in Portugal, accounting for X% of the total imports. In addition, the number of motor driven pulley blocks and cranes imported from India is more than three times the record of Germany (X sets), the second largest supplier. The third place is Italy (X units), with a share of X%.

From 2012 to 2021, the average annual growth rate of India’s exports is+X%. The average annual growth rate of imports of the remaining supplier countries is as follows: Germany (- X% per year) and Italy (+X% per year).

In terms of value, Germany (USD X) is the largest supplier of electric pulley blocks and cranes in Portugal, accounting for X% of the total imports. The second place is Finland (US $X), accounting for X% of total imports. India is next, with a share of X%. From 2012 to 2021, the average annual growth rate of German value is – X%. The average annual growth rate of imports of the remaining supplier countries is as follows: Finland (+X% per year) and India (+X% per year).

Statistics of various crane suppliers in Portugal
In value terms, Germany constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Portugal, comprising 48% of total imports. The second position in the ranking was held by Finland, with a 13% share of total imports. It was followed by India, with an 11% share.

In value terms, Qatar remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Portugal, comprising 71% of total exports. The second position in the ranking was taken by Angola, with a 14% share of total exports. It was followed by Spain, with a 5.4% share.

In 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $155 per unit, reducing by -51.3% against the previous year.

In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $152 per unit, which is down by -65.7% against the previous year.

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Portugal: Market analysis of motor driven pulley blocks and hoists in 2022