Spain: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Spain

The Spanish wood bending machine market skyrocketed to $X in 2021, jumping by 1,364% against the previous year. In general, consumption continues to indicate significant growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Wood Bending Machine Production in Spain

In value terms, wood bending machine production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 15%. Wood bending machine production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Wood Bending Machine Exports

Exports from Spain

In 2021, after three years of growth, there was significant decline in overseas shipments of bending or assembling machines, when their volume decreased by -49.6% to X units. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 119% against the previous year. As a result, the exports reached the peak of X units, and then dropped notably in the following year.

In value terms, wood bending machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by 90% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for wood bending machine exports from Spain, with a 56% share of total exports. Moreover, wood bending machine exports to Germany exceeded the volume sent to the second major destination, France (X units), fivefold. Morocco (X units) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Morocco (+16.4% per year).

In value terms, Russia ($X), France ($X) and Morocco ($X) were the largest markets for wood bending machine exported from Spain worldwide, with a combined 54% share of total exports.

France, with a CAGR of +35.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, rising by 174% against the previous year. Overall, the export price showed a resilient increase. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Spain

For the fourth consecutive year, Spain recorded growth in supplies from abroad of bending or assembling machines, which increased by 1,005% to X units in 2021. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood bending machine imports surged to $X in 2021. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 291% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest wood bending machine supplier to Spain, accounting for a 41% share of total imports. Moreover, wood bending machine imports from Italy exceeded the figures recorded by the second-largest supplier, Cyprus (X units), twofold. The third position in this ranking was taken by Switzerland (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +96.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (0.0% per year) and Switzerland (+65.1% per year).

In value terms, Cyprus ($X) constituted the largest supplier of bending or assembling machines to Spain, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Cyprus was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+30.2% per year) and Italy (+24.5% per year).

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, declining by -72.5% against the previous year. Over the period under review, the import price showed a dramatic curtailment. The pace of growth appeared the most rapid in 2017 an increase of 1,751%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cyprus ($X per unit), while the price for Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (-14.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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