Spain: Smoothing Iron Market 2024

Smoothing Iron Market Size in Spain

The Spanish smoothing iron market contracted slightly to $X in 2021, falling by -2.7% against the previous year. Overall, consumption continues to indicate a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Smoothing Iron Production in Spain

In value terms, smoothing iron production contracted to $X in 2021 estimated in export price. In general, production saw a abrupt curtailment. The growth pace was the most rapid in 2020 when the production volume increased by 164% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Smoothing Iron Exports

Exports from Spain

In 2021, exports of electric smoothing irons from Spain declined to X units, dropping by -1.9% compared with the previous year. Over the period under review, exports saw a perceptible descent. The pace of growth appeared the most rapid in 2013 with an increase of 23% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, smoothing iron exports dropped to $X in 2021. Overall, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units), Portugal (X units) and France (X units) were the main destinations of smoothing iron exports from Spain, with a combined 74% share of total exports. Italy, Poland and the UK lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +45.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electric smoothing irons exports from Spain, comprising 47% of total exports. The second position in the ranking was taken by Portugal ($X), with a 21% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+1.4% per year) and France (+19.2% per year).

Export Prices by Country

In 2021, the average smoothing iron export price amounted to $X per unit, which is down by -12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2014 an increase of 17%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($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 Germany (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Smoothing Iron Imports

Imports into Spain

In 2021, supplies from abroad of electric smoothing irons was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.3% against 2017 indices. The growth pace was the most rapid in 2017 when imports increased by 34%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, smoothing iron imports stood at $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 12% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest smoothing iron supplier to Spain, accounting for a 67% share of total imports. Moreover, smoothing iron imports from China exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.1% per year) and Germany (-4.0% per year).

In value terms, China ($X), France ($X) and Germany ($X) appeared to be the largest smoothing iron suppliers to Spain, with a combined 87% share of total imports.

In terms of the main suppliers, France, with a CAGR of +11.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average smoothing iron import price amounted to $X per unit, growing by 3.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 25% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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