Spain: Brakes And Servo-Brakes Market 2024

Brakes And Servo-Brakes Market Size in Spain

The Spanish brakes and servo-brakes market skyrocketed to $X in 2022, picking up by 39% against the previous year. Over the period under review, consumption enjoyed pronounced growth. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Brakes And Servo-Brakes Production in Spain

In value terms, brakes and servo-brakes production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 14% against the previous year. Brakes and servo-brakes production peaked at $X in 2021, and then declined in the following year.

Brakes And Servo-Brakes Exports

Exports from Spain

Brakes and servo-brakes exports from Spain fell to X tons in 2022, which is down by -4% on the previous year's figure. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, brakes and servo-brakes exports fell slightly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 22%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), France (X tons) and Poland (X tons) were the main destinations of brakes and servo-brakes exports from Spain, together accounting for 49% of total exports. Turkey, Morocco, the UK, Romania, Italy, Portugal, the Czech Republic and Mexico lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +33.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Poland ($X) appeared to be the largest markets for brakes and servo-brakes exported from Spain worldwide, with a combined 48% share of total exports. The UK, Italy, Portugal, Turkey, Morocco, the Czech Republic, Romania and Mexico lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, Morocco, with a CAGR of +22.5%, 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 brakes and servo-brakes export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2013 when the average export price increased by 6.9% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports into Spain

In 2022, imports of brakes and servo-brakes into Spain rose to X tons, surging by 2.9% on 2021. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 36% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, brakes and servo-brakes imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when imports increased by 9.1%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and France (X tons) were the main suppliers of brakes and servo-brakes imports to Spain, together accounting for 54% of total imports. Poland, Italy, the Czech Republic, Portugal, Slovakia, Turkey and Hungary lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +13.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest brakes and servo-brakes suppliers to Spain were Germany ($X), France ($X) and China ($X), together accounting for 53% of total imports.

China, with a CAGR of +11.7%, saw the highest rates of growth with regard to 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 brakes and servo-brakes import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 35% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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