Spain: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Spain

The Spanish endless machinery band market skyrocketed to $X in 2021, picking up by 22% against the previous year. In general, consumption continues to indicate a remarkable increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Endless Machinery Band Production in Spain

In value terms, endless machinery band production surged to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Endless Machinery Band Exports

Exports from Spain

In 2021, overseas shipments of endless bands for machinery, of stainless steel increased by 4.6% to X square meters, rising for the second consecutive year after two years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 93% against the previous year. As a result, the exports reached the peak of X square meters. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, endless machinery band exports reduced slightly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 44%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X square meters) was the main destination for endless machinery band exports from Spain, accounting for a 50% share of total exports. Moreover, endless machinery band exports to Italy exceeded the volume sent to the second major destination, France (X square meters), twofold. Portugal (X square meters) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.9% per year) and Portugal (-5.3% per year).

In value terms, Italy ($X) remains the key foreign market for endless machinery band exports from Spain, comprising 54% of total exports. The second position in the ranking was taken by Portugal ($X), with a 19% share of total exports. It was followed by France, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+4.4% per year) and France (+3.3% per year).

Export Prices by Country

In 2021, the average endless machinery band export price amounted to $X per square meter, dropping by -6% against the previous year. Overall, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 18%. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per square meter), while the average price for exports to France ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Endless Machinery Band Imports

Imports into Spain

In 2021, supplies from abroad of endless bands for machinery, of stainless steel increased by 30% to X square meters, rising for the second consecutive year after two years of decline. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 266% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, endless machinery band imports surged to $X in 2021. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2017 when imports increased by 86% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Italy (X square meters) constituted the largest endless machinery band supplier to Spain, with a 56% share of total imports. Moreover, endless machinery band imports from Italy exceeded the figures recorded by the second-largest supplier, Portugal (X square meters), threefold. The third position in this ranking was held by China (X square meters), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+6.3% per year) and China (+62.8% per year).

In value terms, Italy ($X), Portugal ($X) and Germany ($X) constituted the largest endless machinery band suppliers to Spain, together comprising 86% of total imports. These countries were followed by China, which accounted for a further 7%.

China, with a CAGR of +63.7%, recorded the highest rates of growth with regard to 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 endless machinery band import price stood at $X per square meter in 2021, surging by 8% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The growth pace was the most rapid in 2018 an increase of 71% against the previous year. The import price peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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