Spain: Power Tool Market 2024

Power Tool Market Size in Spain

The Spanish power tool market skyrocketed to $X in 2021, surging by 61% against the previous year. Overall, consumption posted a buoyant increase. Power tool consumption peaked in 2021 and is expected to retain growth in years to come.

Power Tool Production in Spain

In value terms, power tool production fell significantly to $X in 2021 estimated in export price. Overall, production showed a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 127% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Power Tool Exports

Exports from Spain

In 2021, the amount of power tools exported from Spain surged to X units, picking up by 26% on the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 64%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, power tool exports soared to $X in 2021. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 45% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X units), Portugal (X units) and Italy (X units) were the main destinations of power tool exports from Spain, together accounting for 92% of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +35.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for power tool exported from Spain were France ($X), Portugal ($X) and Italy ($X), together accounting for 72% of total exports. These countries were followed by Germany and Poland, which together accounted for a further 18%.

Poland, with a CAGR of +39.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 power tool export price amounted to $X per unit, remaining constant against the previous year. Overall, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Italy ($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 Poland (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Power Tool Imports

Imports into Spain

In 2021, the amount of power tools imported into Spain soared to X units, picking up by 47% on 2020. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 130% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, power tool imports surged to $X in 2021. In general, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of power tool to Spain, with a 65% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Hungary (X units), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.4% per year) and Hungary (+16.6% per year).

In value terms, the largest power tool suppliers to Spain were China ($X), Germany ($X) and Hungary ($X), with a combined 71% share of total imports. Belgium, Romania and Portugal lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Belgium, with a CAGR of +36.5%, 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 power tool import price amounted to $X per unit, remaining stable against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2014 an increase of 95% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Romania ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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