Spain: Crawler Tractor Market 2024

Crawler Tractor Market Size in Spain

The Spanish crawler tractor market shrank significantly to $X in 2021, declining by -50.9% against the previous year. Over the period under review, consumption showed a abrupt contraction. Crawler tractor consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Crawler Tractor Production in Spain

In value terms, crawler tractor production declined dramatically to $X in 2021 estimated in export price. Overall, production faced a abrupt downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by 31%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Crawler Tractor Exports

Exports from Spain

Crawler tractor exports from Spain declined significantly to X units in 2021, with a decrease of -51.2% compared with the year before. In general, exports saw a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 169% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crawler tractor exports declined dramatically to $X in 2021. Overall, exports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of 86%. The exports peaked at $X in 2020, and then reduced notably in the following year.

Exports by Country

Germany (X units), Portugal (X units) and Cote d'Ivoire (X units) were the main destinations of crawler tractor exports from Spain, with a combined 76% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +26.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Portugal ($X) and Cote d'Ivoire ($X) constituted the largest markets for crawler tractor exported from Spain worldwide, together comprising 98% of total exports.

Among the main countries of destination, Germany, with a CAGR of +40.8%, saw 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

In 2021, the average crawler tractor export price amounted to $X per unit, waning by -50% against the previous year. In general, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 1,015%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Ghana ($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 Portugal (+24.1%), while the prices for the other major destinations experienced mixed trend patterns.

Crawler Tractor Imports

Imports into Spain

In 2021, supplies from abroad of crawler tractors decreased by -13.2% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 131%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, crawler tractor imports declined sharply to $X in 2021. Overall, imports, however, showed a noticeable increase. The growth pace was the most rapid in 2019 when imports increased by 199% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then shrank sharply in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of crawler tractor to Spain, with a 53% share of total imports. Moreover, crawler tractor imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Japan (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +104.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.6% per year) and Japan (+13.0% per year).

In value terms, Germany ($X) constituted the largest supplier of crawler tractors to Spain, comprising 67% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Brazil, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +200.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.9% per year) and Brazil (0.0% per year).

Import Prices by Country

The average crawler tractor import price stood at $X per unit in 2021, which is down by -2.7% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 48% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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