Spain: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Spain

In 2021, the Spanish fuel or lubricating pump market decreased by -66.6% to $X, falling for the third year in a row after four years of growth. In general, consumption faced a abrupt shrinkage. Fuel or lubricating pump consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Spain

In value terms, fuel or lubricating pump production surged to $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Spain

In 2021, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 25% to X units, rising for the third consecutive year after six years of decline. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 90%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, fuel or lubricating pump exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), Germany (X units) and Russia (X units) were the main destinations of fuel or lubricating pump exports from Spain, with a combined 52% share of total exports. Poland, Ukraine, Italy, Turkey, Belarus, Romania, Hungary, Saudi Arabia, Portugal and Morocco lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +48.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fuel or lubricating pump exported from Spain were France ($X), Germany ($X) and Poland ($X), together accounting for 52% of total exports. These countries were followed by Russia, Portugal, Ukraine, Italy, Turkey, Belarus, Romania, Morocco, Hungary and Saudi Arabia, which together accounted for a further 28%.

Ukraine, with a CAGR of +30.2%, saw 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

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, almost unchanged from the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of 31%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Portugal ($X per unit), while the average price for exports to Saudi Arabia ($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 Romania (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Spain

For the third consecutive year, Spain recorded growth in supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines, which increased by 5.9% to X units in 2021. In general, imports, however, recorded a noticeable descent. The growth pace was the most rapid in 2013 when imports increased by 12% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fuel or lubricating pump imports rose significantly to $X in 2021. Overall, imports, however, continue to indicate a perceptible decline. The growth pace was the most rapid in 2013 when imports increased by 24% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), France (X units) and Romania (X units) were the main suppliers of fuel or lubricating pump imports to Spain, together accounting for 57% of total imports. These countries were followed by China, the Czech Republic, Slovakia, Portugal, Italy and South Korea, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +195.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to Spain, comprising 38% of total imports. The second position in the ranking was held by France ($X), with an 18% share of total imports. It was followed by Romania, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.6% per year) and Romania (+62.5% per year).

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2021, almost unchanged from the previous year. In general, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2015 an increase of 40%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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