Spain: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Spain

The Spanish market for in-hand motor grinders, sanders and planers soared to $X in 2021, increasing by 86% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Spain

Exports of in-hand motor grinders, sanders and planers from Spain soared to X units in 2021, picking up by 24% on the previous year. Overall, exports posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 46% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. Over the period under review, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 36% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X units), Portugal (X units) and Italy (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Spain, together accounting for 84% of total exports. Germany, Poland and the Netherlands lagged somewhat behind, together accounting for a further 9.6%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +47.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and Italy ($X) were the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Spain worldwide, with a combined 70% share of total exports. These countries were followed by Germany, Poland and the Netherlands, which together accounted for a further 20%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +44.2%, recorded the highest rates of growth with regard to the value of exports, 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 in-hand motor grinders, sanders and planers stood at $X per unit in 2021, rising by 1.6% against the previous year. In general, the export price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to Italy ($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 Poland (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Spain

For the tenth consecutive year, Spain recorded growth in purchases abroad of in-hand motor grinders, sanders and planers, which increased by 52% to X units in 2021. Over the period under review, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Spain, with a 58% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Hungary (X units) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.2% per year) and Hungary (+25.3% per year).

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Spain were China ($X), Germany ($X) and Hungary ($X), together accounting for 74% of total imports. These countries were followed by Belgium and France, which together accounted for a further 10%.

Belgium, with a CAGR of +27.9%, recorded 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

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, with an increase of 4.2% against the previous year. In general, the import price, however, showed a slight downturn. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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