Spain: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in Spain

For the third consecutive year, the Spanish transportation vehicle body market recorded growth in sales value, which increased by 8.5% to $X in 2022. Overall, consumption continues to indicate significant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Transportation Vehicle Body Production in Spain

In value terms, transportation vehicle body production declined modestly to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +56.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 61% against the previous year. Transportation vehicle body production peaked at $X in 2021, and then reduced slightly in the following year.

Transportation Vehicle Body Exports

Exports from Spain

In 2022, overseas shipments of bodies for motor vehicles for the transporting people increased by 81% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, faced a dramatic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 467%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, transportation vehicle body exports surged to $X in 2022. Over the period under review, exports, however, showed a deep downturn. The growth pace was the most rapid in 2017 with an increase of 344%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for transportation vehicle body exports from Spain, accounting for a 63% share of total exports. Moreover, transportation vehicle body exports to Germany exceeded the volume sent to the second major destination, Portugal (X units), threefold. The third position in this ranking was held by Morocco (X units), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+26.0% per year) and Morocco (+39.1% per year).

In value terms, Germany ($X) remains the key foreign market for bodies for motor vehicles for the transporting people exports from Spain, comprising 70% of total exports. The second position in the ranking was held by the UK ($X), with an 11% share of total exports. It was followed by France, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+72.5% per year) and France (+13.9% per year).

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, with an increase of 17% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 742% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Portugal ($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 Algeria (+45.0%), while the prices for the other major destinations experienced more modest paces of growth.

Transportation Vehicle Body Imports

Imports into Spain

In 2022, overseas purchases of bodies for motor vehicles for the transporting people increased by 124% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a pronounced decline. The growth pace was the most rapid in 2018 with an increase of 426%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, transportation vehicle body imports surged to $X in 2022. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 123%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), Germany (X units) and Morocco (X units) were the main suppliers of transportation vehicle body imports to Spain, together comprising 89% of total imports. Denmark, the UK, France and the Czech Republic lagged somewhat behind, together comprising a further 5.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +162.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Morocco ($X) constituted the largest transportation vehicle body suppliers to Spain, together comprising 59% of total imports. The UK, Denmark, the Czech Republic and France lagged somewhat behind, together accounting for a further 13%.

Denmark, with a CAGR of +130.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, which is down by -28.2% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2015 an increase of 151%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

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 ($X per unit), while the price for Italy ($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 Czech Republic (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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