Spain: Test And Measurement Market 2025

Test And Measurement Market Size in Spain

After three years of growth, the Spanish test and measurement market decreased by -24.8% to $X in 2021. Over the period under review, consumption saw a pronounced decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Test And Measurement Production in Spain

In value terms, test and measurement production declined to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the production volume increased by 28%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Test And Measurement Exports

Exports from Spain

In 2021, overseas shipments of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by -2.1% to X units, falling for the third year in a row after two years of growth. Overall, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.2% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by 60%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, test and measurement exports rose markedly to $X in 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -11.7% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 59% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for test and measurement exports from Spain, accounting for a 37% share of total exports. Moreover, test and measurement exports to Germany exceeded the volume sent to the second major destination, France (X units), threefold. Japan (X units) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+14.5% per year) and Japan (+22.2% per year).

In value terms, Germany ($X) remains the key foreign market for instruments and apparatus for measuring or checking pressure of liquids or gasses exports from Spain, comprising 25% of total exports. The second position in the ranking was held by China ($X), with an 8.7% share of total exports. It was followed by Portugal, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+27.0% per year) and Portugal (+11.8% per year).

Export Prices by Country

The average test and measurement export price stood at $X per unit in 2021, surging by 11% against the previous year. In general, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Romania ($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 Slovakia (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Spain

In 2021, supplies from abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses was finally on the rise to reach X units after two years of decline. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 60%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, test and measurement imports expanded markedly to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.8% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 27%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of test and measurement imports to Spain, with a combined 86% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +37.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of instruments and apparatus for measuring or checking pressure of liquids or gasses to Spain, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by France, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.5% per year) and France (+8.6% per year).

Import Prices by Country

In 2021, the average test and measurement import price amounted to $X per unit, picking up by 2.5% against the previous year. Overall, the import price, however, showed a abrupt decline. The growth pace was the most rapid in 2020 an increase of 40%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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