Spain: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Spain

In 2021, the Spanish metal honing machine market decreased by -31% to $X, falling for the second year in a row after three years of growth. Overall, consumption recorded a noticeable decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Metal Honing Machine Exports

Exports from Spain

In 2021, after two years of growth, there was significant decline in shipments abroad of honing or lapping machines for working metal, when their volume decreased by -63.2% to X units. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 250%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal honing machine exports surged to $X in 2021. In general, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 740%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X units), Bangladesh (X units) and Germany (X units) were the main destinations of metal honing machine exports from Spain, with a combined 68% share of total exports. These countries were followed by India, Gibraltar, France and Italy, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +9.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) emerged as the key foreign market for honing or lapping machines for working metal exports from Spain, comprising 98% of total exports. The second position in the ranking was held by Germany ($X), with a 1.7% share of total exports. It was followed by Italy, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh totaled +203.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-12.3% per year) and Italy (-57.3% per year).

Export Prices by Country

The average metal honing machine export price stood at $X per unit in 2021, rising by 937% against the previous year. In general, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 an increase of 1,949% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

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 Bangladesh ($X per unit), while the average price for exports to Sweden ($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 Bangladesh (+298.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Honing Machine Imports

Imports into Spain

In 2021, supplies from abroad of honing or lapping machines for working metal decreased by -39.7% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of 199%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, metal honing machine imports declined rapidly to $X in 2021. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by 291% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest metal honing machine supplier to Spain, accounting for a 44% share of total imports. Moreover, metal honing machine imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was held by Germany (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+72.3% per year) and Germany (+25.5% per year).

In value terms, Italy ($X) constituted the largest supplier of honing or lapping machines for working metal to Spain, comprising 72% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by the UK, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.2% per year) and the UK (-17.1% per year).

Import Prices by Country

In 2021, the average metal honing machine import price amounted to $X per unit, jumping by 36% against the previous year. In general, the import price recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 83%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, 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 ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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