Spain: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Spain

The Spanish agricultural forestry machinery market expanded sharply to $X in 2022, rising by 10% against the previous year. In general, consumption posted a prominent expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Agricultural Forestry Machinery Production in Spain

In value terms, agricultural forestry machinery production amounted to $X in 2022 estimated in export price. Overall, production posted a resilient increase. The growth pace was the most rapid in 2018 with an increase of 104% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Agricultural Forestry Machinery Exports

Exports from Spain

In 2022, overseas shipments of agricultural forestry machinery (lawn or sportsground rollers) decreased by -6% to X units, falling for the fourth year in a row after two years of growth. Overall, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 51%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, agricultural forestry machinery exports expanded to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 60%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X units) was the main destination for agricultural forestry machinery exports from Spain, with a 26% share of total exports. Moreover, agricultural forestry machinery exports to France exceeded the volume sent to the second major destination, Portugal (X units), twofold. Germany (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+17.9% per year) and Germany (+77.4% per year).

In value terms, the largest markets for agricultural forestry machinery exported from Spain were France ($X), Portugal ($X) and Germany ($X), together comprising 49% of total exports.

Among the main countries of destination, Germany, with a CAGR of +74.2%, recorded the highest growth rate of 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

The average agricultural forestry machinery export price stood at $X per unit in 2022, growing by 8.1% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agricultural forestry machinery export price increased by +33.5% against 2014 indices. The growth pace was the most rapid in 2014 when the average export price increased by 35%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Bulgaria ($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 Morocco (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into Spain

Agricultural forestry machinery imports into Spain skyrocketed to X units in 2022, jumping by 36% on the year before. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, agricultural forestry machinery imports surged to $X in 2022. Overall, imports showed resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by 50%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest agricultural forestry machinery supplier to Spain, accounting for a 57% share of total imports. Moreover, agricultural forestry machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by France (X units), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.2% per year) and France (+7.8% per year).

In value terms, the largest agricultural forestry machinery suppliers to Spain were China ($X), Italy ($X) and France ($X), together accounting for 71% of total imports. These countries were followed by Austria, the United States, Germany, Portugal and Lithuania, which together accounted for a further 20%.

Lithuania, with a CAGR of +1,502.8%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average agricultural forestry machinery import price amounted to $X per unit, shrinking by -9.9% against the previous year. In general, the import price saw a noticeable reduction. The pace of growth was the most pronounced in 2015 when the average import price increased by 18%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average 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 the United States ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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