Spain: Ball Market 2024

Ball Market Size in Spain

The Spanish ball market soared to $X in 2022, rising by 98% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ball Production in Spain

In value terms, ball production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by 3,342% against the previous year. Ball production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ball Exports

Exports from Spain

In 2022, after two years of growth, there was significant decline in overseas shipments of balls, when their volume decreased by -23.2% to X units. Over the period under review, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 93%. As a result, the exports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, ball exports soared to $X in 2022. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 82%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

France (X units), Italy (X units) and Portugal (X units) were the main destinations of ball exports from Spain, together accounting for 66% of total exports. Germany, Poland, Belgium, the Netherlands, Romania, the UK and Sweden lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +33.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ball exported from Spain were France ($X), Italy ($X) and Portugal ($X), with a combined 66% share of total exports. Germany, Poland, Belgium, Romania, the Netherlands, the UK and Sweden lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, Romania, with a CAGR of +32.9%, 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

In 2022, the average ball export price amounted to $X per unit, jumping by 62% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Sweden ($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 Italy (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Imports

Imports into Spain

In 2022, ball imports into Spain reduced modestly to X units, almost unchanged from the previous year's figure. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 34%. Over the period under review, imports hit record highs at X units in 2021, and then fell in the following year.

In value terms, ball imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Thailand (X units) and Pakistan (X units) were the main suppliers of ball imports to Spain, together comprising 80% of total imports. Taiwan (Chinese), Indonesia, France, Italy, the Philippines and Germany lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +13.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of balls to Spain, comprising 48% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 23% share of total imports. It was followed by Thailand, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+11.6% per year) and Thailand (+8.3% per year).

Import Prices by Country

The average ball import price stood at $X per unit in 2022, picking up by 50% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 Pakistan ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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