Spain: Dairy Machinery Market 2024

Dairy Machinery Market Size in Spain

In 2022, the Spanish dairy machinery market decreased by -62.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a deep contraction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Dairy Machinery Production in Spain

In value terms, dairy machinery production soared to $X in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +72.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 69% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Dairy Machinery Exports

Exports from Spain

In 2022, approx. X units of dairy machinery were exported from Spain; picking up by 496% compared with the previous year's figure. Over the period under review, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, dairy machinery exports surged to $X in 2022. In general, exports recorded measured growth. The most prominent rate of growth was recorded in 2014 with an increase of 91% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Egypt (X units) was the main destination for dairy machinery exports from Spain, with a 87% share of total exports. Moreover, dairy machinery exports to Egypt exceeded the volume sent to the second major destination, Russia (X units), more than tenfold. Italy (X units) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt amounted to +68.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+17.8% per year) and Italy (-13.4% per year).

In value terms, Egypt ($X) emerged as the key foreign market for dairy machinery exports from Spain, comprising 44% of total exports. The second position in the ranking was held by Russia ($X), with an 18% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled +52.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+15.1% per year) and Italy (-6.3% per year).

Export Prices by Country

In 2022, the average dairy machinery export price amounted to $X per unit, reducing by -71.8% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 25% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Italy ($X per unit), while the average price for exports to Egypt ($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 Italy (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Dairy Machinery Imports

Imports into Spain

In 2022, the amount of dairy machinery imported into Spain fell sharply to X units, shrinking by -27.9% compared with the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 127%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, dairy machinery imports fell notably to $X in 2022. In general, imports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2018 with an increase of 187% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X units), Portugal (X units) and Denmark (X units) were the main suppliers of dairy machinery imports to Spain, with a combined 45% share of total imports. Germany, France, Italy, Turkey and Poland lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +43.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Denmark ($X) and Germany ($X) appeared to be the largest dairy machinery suppliers to Spain, with a combined 46% share of total imports. Sweden, Italy, Portugal, Poland and Turkey lagged somewhat behind, together accounting for a further 37%.

Poland, with a CAGR of +40.5%, recorded 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 dairy machinery import price stood at $X per unit in 2022, declining by -7.4% against the previous year. Overall, the import price, however, posted a tangible increase. The pace of growth was the most pronounced in 2017 an increase of 36% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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