Spain: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Spain

For the third consecutive year, the Spanish market for grinding, sanding and polishing machines recorded growth in sales value, which increased by 301% to $X in 2021. In general, consumption showed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Grinding, Sanding and Polishing Machines in Spain

In value terms, grinding, sanding and polishing machine production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 194%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Spain

In 2021, overseas shipments of grinding, sanding and polishing machines decreased by -55.1% to X units, falling for the second year in a row after two years of growth. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2015 when exports increased by 582%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports fell to $X in 2021. Over the period under review, exports, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2015 when exports increased by 173%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X units), Portugal (X units) and Germany (X units) were the main destinations of grinding, sanding and polishing machine exports from Spain, together comprising 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +125.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding, sanding and polishing machine exported from Spain were France ($X), Italy ($X) and Portugal ($X), together comprising 66% of total exports.

Italy, with a CAGR of +94.1%, recorded the highest rates of growth with regard to 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

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2021, picking up by 96% against the previous year. Overall, the export price, however, faced a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 305%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Serbia ($X per unit), while the average price for exports to Portugal ($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 Serbia (+15.7%), while the prices for the other major destinations experienced a decline.

Imports of Grinding, Sanding and Polishing Machines

Imports into Spain

Grinding, sanding and polishing machine imports into Spain totaled X units in 2021, growing by 10% on the year before. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 990%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, grinding, sanding and polishing machine imports surged to $X in 2021. Overall, imports posted a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 109%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest grinding, sanding and polishing machine supplier to Spain, with a 66% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +63.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+124.6% per year) and Germany (+16.0% per year).

In value terms, the largest grinding, sanding and polishing machine suppliers to Spain were Italy ($X), China ($X) and Germany ($X), together accounting for 87% of total imports. These countries were followed by Poland and Portugal, which together accounted for a further 7.2%.

Portugal, with a CAGR of +41.3%, saw 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 import price for grinding, sanding and polishing machines stood at $X per unit in 2021, growing by 36% against the previous year. In general, the import price, however, saw a deep reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 765%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Poland ($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 (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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