Spain: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Spain

In 2022, the Spanish non-electric motor handtools market increased by 104% to $X, rising for the third year in a row after two years of decline. Overall, consumption enjoyed resilient growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Non-Electric Motor Handtools Production in Spain

In value terms, non-electric motor handtools production surged to $X in 2022 estimated in export price. In general, production showed strong growth. The growth pace was the most rapid in 2013 when the production volume increased by 71%. Non-electric motor handtools production peaked in 2022 and is likely to see steady growth in the near future.

Non-Electric Motor Handtools Exports

Exports from Spain

In 2022, overseas shipments of handtools, hydraulic or with a self-contained non-electric motor increased by 25% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 54% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-electric motor handtools exports soared to $X in 2022. Overall, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 41% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X units) was the main destination for non-electric motor handtools exports from Spain, with a 54% share of total exports. Moreover, non-electric motor handtools exports to Portugal exceeded the volume sent to the second major destination, France (X units), fivefold. The third position in this ranking was taken by Italy (X units), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal stood at +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.9% per year) and Italy (+21.6% per year).

In value terms, Portugal ($X) remains the key foreign market for handtools, hydraulic or with a self-contained non-electric motor exports from Spain, comprising 53% of total exports. The second position in the ranking was held by France ($X), with a 10% share of total exports. It was followed by Italy, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal totaled +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.2% per year) and Italy (+10.7% per year).

Export Prices by Country

The average non-electric motor handtools export price stood at $X per unit in 2022, with a decrease of -7.3% against the previous year. Over the period under review, the export price recorded a abrupt decrease. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($X per unit) and the United States ($X per unit), while the average price for exports to Turkey ($X per unit) and Finland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-8.9%), while the prices for the other major destinations experienced a decline.

Non-Electric Motor Handtools Imports

Imports into Spain

For the third year in a row, Spain recorded growth in supplies from abroad of handtools, hydraulic or with a self-contained non-electric motor, which increased by 95% to X units in 2022. Over the period under review, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-electric motor handtools imports rose slightly to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +41.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 34%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of non-electric motor handtools imports to Spain, with a combined 70% share of total imports. Sweden, Japan, France, Italy, the Netherlands and the UK lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +34.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the largest non-electric motor handtools suppliers to Spain, together comprising 70% of total imports. Sweden, Japan, France, Italy, the Netherlands and the UK lagged somewhat behind, together comprising a further 24%.

France, with a CAGR of +21.2%, saw the highest rates of growth with regard to the value of imports, in terms of 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 non-electric motor handtools import price stood at $X per unit in 2022, shrinking by -46.6% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Germany ($X per unit), while the price for the UK ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-10.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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