Spain: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Spain

The Spanish electronic metal tester market surged to $X in 2021, increasing by 108% against the previous year. In general, consumption, however, recorded a mild descent. Electronic metal tester consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electronic Metal Tester Production in Spain

In value terms, electronic metal tester production contracted sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 125%. As a result, production reached the peak level of $X, and then shrank dramatically in the following year.

Electronic Metal Tester Exports

Exports from Spain

In 2021, approx. X units of electronic machines and appliances for testing metals were exported from Spain; reducing by -46% against 2020. Overall, exports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2020 with an increase of 223% against the previous year. As a result, the exports attained the peak of X units, and then fell remarkably in the following year.

In value terms, electronic metal tester exports fell dramatically to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 179% against the previous year. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

France (X units) was the main destination for electronic metal tester exports from Spain, accounting for a 43% share of total exports. Moreover, electronic metal tester exports to France exceeded the volume sent to the second major destination, Italy (X units), fourfold. The third position in this ranking was taken by Guatemala (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.2% per year) and Guatemala (+87.3% per year).

In value terms, the largest markets for electronic metal tester exported from Spain were France ($X), Portugal ($X) and Guatemala ($X), with a combined 37% share of total exports.

Guatemala, with a CAGR of +91.0%, recorded the highest rates of growth with regard to the value of exports, among 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

The average electronic metal tester export price stood at $X per unit in 2021, declining by -21.4% against the previous year. In general, the export price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2015 an increase of 79%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Pakistan ($X per unit), while the average price for exports to France ($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 Egypt (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Metal Tester Imports

Imports into Spain

In 2021, approx. X units of electronic machines and appliances for testing metals were imported into Spain; reducing by -37.2% on 2020 figures. In general, imports showed a noticeable contraction. The growth pace was the most rapid in 2015 with an increase of 81%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, electronic metal tester imports shrank to $X in 2021. Overall, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.9% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 141%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X units), Germany (X units) and China (X units) were the main suppliers of electronic metal tester imports to Spain, together comprising 65% of total imports. These countries were followed by the United States, Austria, India, France, Italy and Switzerland, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +81.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and the United States ($X) were the largest electronic metal tester suppliers to Spain, with a combined 83% share of total imports. China, Austria, France, India, Switzerland and Italy lagged somewhat behind, together comprising a further 12%.

Austria, with a CAGR of +63.2%, recorded the highest growth rate of 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 electronic metal tester import price stood at $X per unit in 2021, increasing by 45% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic metal tester import price increased by +89.2% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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