Spain: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Spain

In 2022, after two years of decline, there was significant growth in the Spanish construction equipment blade market, when its value increased by 51% to $X. Overall, consumption, however, faced a deep reduction. Construction equipment blade consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Construction Equipment Blade Production in Spain

In value terms, construction equipment blade production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2018 with an increase of 13%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Construction Equipment Blade Exports

Exports from Spain

In 2022, after two years of growth, there was decline in overseas shipments of blades for construction equipment, when their volume decreased by -0.4% to X units. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 211% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, construction equipment blade exports rose remarkably to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 183% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for construction equipment blade exports from Spain, with a 79% share of total exports. Moreover, construction equipment blade exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), more than tenfold. Egypt (X units) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (0.0% per year) and Egypt (+40.9% per year).

In value terms, the United States ($X) remains the key foreign market for blades for construction equipment exports from Spain, comprising 74% of total exports. The second position in the ranking was taken by Mexico ($X), with an 8.8% share of total exports. It was followed by Egypt, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +39.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+93.0% per year) and Egypt (+76.1% per year).

Export Prices by Country

In 2022, the average construction equipment blade export price amounted to $X per unit, surging by 10% against the previous year. Overall, the export price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 an increase of 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, 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 Mexico ($X per unit), while the average price for exports to Vietnam ($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 Egypt (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports into Spain

In 2022, supplies from abroad of blades for construction equipment increased by 94% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2015 when imports increased by 972%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, construction equipment blade imports declined significantly to $X in 2022. Overall, imports posted a perceptible expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 762%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of construction equipment blade to Spain, with a 68% share of total imports. Moreover, construction equipment blade imports from China exceeded the figures recorded by the second-largest supplier, Australia (X units), fourfold. The third position in this ranking was taken by the Netherlands (X units), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+36.3% per year) and the Netherlands (+34.9% per year).

In value terms, China ($X) constituted the largest supplier of blades for construction equipment to Spain, comprising 57% of total imports. The second position in the ranking was taken by Australia ($X), with a 21% share of total imports. It was followed by Italy, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+65.7% per year) and Italy (-12.9% per year).

Import Prices by Country

In 2022, the average construction equipment blade import price amounted to $X per unit, with a decrease of -56.9% against the previous year. Over the period under review, the import price, however, saw a temperate increase. The growth pace was the most rapid in 2017 when the average import price increased by 154% against the previous year. The import price peaked at $X per unit in 2021, and then declined dramatically in the following year.

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 Czech Republic ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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