Spain: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Spain

In 2021, after seven years of growth, there was significant decline in the Spanish wood drilling machine market, when its value decreased by -30.9% to $X. In general, consumption, however, saw a significant increase. Over the period under review, the market attained the peak level at $X in 2020, and then reduced markedly in the following year.

Wood Drilling Machine Production in Spain

In value terms, wood drilling machine production stood at $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 26%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Wood Drilling Machine Exports

Exports from Spain

In 2021, after two years of decline, there was significant growth in shipments abroad of drilling or morticing machines, when their volume increased by 11% to X units. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 399% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, wood drilling machine exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 191% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for wood drilling machine exports from Spain, accounting for a 42% share of total exports. Moreover, wood drilling machine exports to the Czech Republic exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic stood at +167.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+55.2% per year) and Germany (-5.0% per year).

In value terms, the largest markets for wood drilling machine exported from Spain were Cuba ($X), Poland ($X) and the Czech Republic ($X), together comprising 51% of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +153.7%, saw the highest rates of growth with regard to 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 wood drilling machine export price amounted to $X per unit, with an increase of 23% against the previous year. Over the period under review, the export price, however, faced a sharp setback. The growth pace was the most rapid in 2019 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Cuba ($X per unit), while the average price for exports to Hungary ($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 Uruguay (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Drilling Machine Imports

Imports into Spain

Wood drilling machine imports into Spain contracted notably to X units in 2021, which is down by -76.7% against the previous year's figure. Overall, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 323%. Imports peaked at X units in 2020, and then fell sharply in the following year.

In value terms, wood drilling machine imports shrank to $X in 2021. Over the period under review, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 429%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest wood drilling machine supplier to Spain, accounting for a 59% share of total imports. Moreover, wood drilling machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.2% per year) and Germany (+0.9% per year).

In value terms, Italy ($X) constituted the largest supplier of drilling or morticing machines to Spain, comprising 94% of total imports. The second position in the ranking was held by China ($X), with a 1.5% share of total imports. It was followed by Germany, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.3% per year) and Germany (-6.4% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, with an increase of 292% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($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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