Spain: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Spain

In 2022, after two years of growth, there was significant decline in the Spanish hand-operated air pump market, when its value decreased by -12.9% to $X. Overall, consumption, however, posted a strong expansion. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Hand-Operated Air Pump Production in Spain

In value terms, hand-operated air pump production shrank notably to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of 77%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Hand-Operated Air Pump Exports

Exports from Spain

For the third consecutive year, Spain recorded growth in shipments abroad of hand or foot-operated air pumps, which increased by 18% to X units in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 110% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, hand-operated air pump exports shrank dramatically to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 90%. Over the period under review, the exports hit record highs at $X in 2021, and then declined significantly in the following year.

Exports by Country

France (X units), Italy (X units) and Portugal (X units) were the main destinations of hand-operated air pump exports from Spain, together accounting for 77% of total exports. Germany, Poland, the UK, Belgium and Hungary lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +82.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand-operated air pump exported from Spain were France ($X), Italy ($X) and Germany ($X), with a combined 74% share of total exports.

Germany, with a CAGR of +88.5%, saw 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 2022, the average hand-operated air pump export price amounted to $X per unit, which is down by -28.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 37%. The export price peaked at $X per unit in 2021, and then reduced rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Operated Air Pump Imports

Imports into Spain

In 2022, purchases abroad of hand or foot-operated air pumps increased by 0.4% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 54%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, hand-operated air pump imports contracted to $X in 2022. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest hand-operated air pump supplier to Spain, accounting for a 70% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.6% per year) and Germany (+8.2% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Germany ($X) appeared to be the largest hand-operated air pump suppliers to Spain, with a combined 89% share of total imports.

Among the main suppliers, China, with a CAGR of +13.3%, saw the highest growth rate of 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

The average hand-operated air pump import price stood at $X per unit in 2022, falling by -8% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average import price increased by 38% against the previous year. The import price peaked at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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