Spain: Domestic Toaster Market 2024

Domestic Toaster Market Size in Spain

After three years of growth, the Spanish domestic toaster market decreased by -16.5% to $X in 2022. In general, consumption, however, posted buoyant growth. Over the period under review, the market attained the peak level at $X in 2021, and then shrank rapidly in the following year.

Domestic Toaster Production in Spain

In value terms, domestic toaster production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 788%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Domestic Toaster Exports

Exports from Spain

Domestic toaster exports from Spain soared to X units in 2022, with an increase of 55% compared with the year before. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, domestic toaster exports surged to $X in 2022. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by 53%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X units) was the main destination for domestic toaster exports from Spain, with a 57% share of total exports. Moreover, domestic toaster exports to France exceeded the volume sent to the second major destination, Portugal (X units), twofold. The third position in this ranking was taken by Italy (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+6.1% per year) and Italy (+40.3% per year).

In value terms, France ($X) remains the key foreign market for domestic electric toasters exports from Spain, comprising 52% of total exports. The second position in the ranking was held by Portugal ($X), with a 23% 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 France totaled +31.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+7.1% per year) and Italy (+23.9% per year).

Export Prices by Country

In 2022, the average domestic toaster export price amounted to $X per unit, shrinking by -15.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 8.8% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 Germany (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Domestic Toaster Imports

Imports into Spain

In 2022, overseas purchases of domestic electric toasters decreased by -16.6% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 95% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then contracted significantly in the following year.

In value terms, domestic toaster imports contracted to $X in 2022. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) was the main domestic toaster supplier to Spain, accounting for a 92% share of total imports. It was followed by Italy (X units), with a 2.5% share of total imports. Germany (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.5% per year) and Germany (+4.1% per year).

In value terms, China ($X) constituted the largest supplier of domestic electric toasters to Spain, comprising 83% of total imports. The second position in the ranking was held by Italy ($X), with a 7.4% share of total imports. It was followed by Germany, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.0% per year) and Germany (+8.9% per year).

Import Prices by Country

The average domestic toaster import price stood at $X per unit in 2022, growing by 7.2% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, domestic toaster import price increased by +21.1% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 80%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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