Spain: Computing Machinery Market 2024

Computing Machinery Market Size in Spain

In 2021, the Spanish computing machinery market decreased by -9.8% to $X, falling for the third consecutive year after four years of growth. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Computing Machinery Production in Spain

In value terms, computing machinery production shrank sharply to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 21%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Computing Machinery Exports

Exports from Spain

In 2021, shipments abroad of computing machinery and parts and accessories thereof increased by 4.4% to X tons, rising for the third consecutive year after four years of decline. Overall, exports recorded a slight increase. The most prominent rate of growth was recorded in 2014 with an increase of 102% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, computing machinery exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +23.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 29%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Portugal (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of computing machinery exports from Spain, together comprising 60% of total exports. These countries were followed by Italy, Poland, Hong Kong SAR, France, the United States, Nigeria, the UK and China, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +38.5%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from Spain, comprising 32% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+18.1% per year) and the Netherlands (-1.1% per year).

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the export price recorded measured growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 77%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Spain

For the third consecutive year, Spain recorded decline in supplies from abroad of computing machinery and parts and accessories thereof, which decreased by -15.4% to X tons in 2021. Overall, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, computing machinery imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 23%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The Netherlands (X tons), Germany (X tons) and China (X tons) were the main suppliers of computing machinery imports to Spain, with a combined 55% share of total imports. Italy, France, the Czech Republic, Portugal, Poland, Vietnam, the UK, Ireland and Japan lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +13.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Spain, comprising 32% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.0% per year) and Italy (+26.8% per year).

Import Prices by Country

In 2021, the average computing machinery import price amounted to $X per ton, increasing by 27% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, computing machinery import price increased by +39.2% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 53%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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