Spain: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Spain

The Spanish metal broaching machine market shrank slightly to $X in 2021, reducing by -4% against the previous year. In general, consumption continues to indicate a noticeable contraction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Broaching Machine Production in Spain

In value terms, metal broaching machine production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 1% against the previous year. Metal broaching machine production peaked at $X in 2020, and then dropped modestly in the following year.

Metal Broaching Machine Exports

Exports from Spain

In 2021, after two years of decline, there was significant growth in shipments abroad of broaching machines for working metal, when their volume increased by 53% to X units. Over the period under review, exports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2018 when exports increased by 960%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal broaching machine exports contracted markedly to $X in 2021. Overall, exports recorded a measured expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 185%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X units) was the main destination for metal broaching machine exports from Spain, with a 95% share of total exports. It was followed by Portugal (X units), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia totaled +100.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+6.6% per year) and Switzerland (-37.1% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for broaching machines for working metal exports from Spain, comprising 85% of total exports. The second position in the ranking was held by Portugal ($X), with a 3.5% share of total exports. It was followed by France, with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia totaled +78.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-2.0% per year) and France (-37.6% per year).

Export Prices by Country

The average metal broaching machine export price stood at $X per unit in 2021, with a decrease of -60.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 3,162% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, 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 France ($X per unit), while the average price for exports to Switzerland ($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 Cuba (+89.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into Spain

In 2021, overseas purchases of broaching machines for working metal were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2016 when imports increased by 41,250% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, metal broaching machine imports soared to $X in 2021. In general, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by 912% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest metal broaching machine supplier to Spain, accounting for a 61% share of total imports. Moreover, metal broaching machine imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), fivefold. The third position in this ranking was held by Italy (X units), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+11.5% per year) and Italy (+20.3% per year).

In value terms, Italy ($X), Germany ($X) and the UK ($X) were the largest metal broaching machine suppliers to Spain, with a combined 90% share of total imports. These countries were followed by Belgium, Bulgaria, Turkey and China, which together accounted for a further 9.7%.

In terms of the main suppliers, Belgium, with a CAGR of +524.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal broaching machine import price stood at $X per unit in 2021, growing by 17% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 3,628% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 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 Italy ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+50.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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