Spain: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Spain

In 2021, the Spanish machine-tool for removing material market increased by 12% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Spain

In 2021, machine-tool for removing material exports from Spain skyrocketed to X units, with an increase of 77% against the year before. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 137%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, machine-tool for removing material exports soared to $X in 2021. In general, exports recorded a strong increase. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for machine-tool for removing material exports from Spain, with a 35% share of total exports. Moreover, machine-tool for removing material exports to Italy exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by Portugal (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at +70.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18.4% per year) and Portugal (+26.1% per year).

In value terms, the United States ($X), France ($X) and Italy ($X) appeared to be the largest markets for machine-tool for removing material exported from Spain worldwide, with a combined 32% share of total exports. Bangladesh, Pakistan, Germany, Portugal and Switzerland lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Switzerland, with a CAGR of +113.9%, saw 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 machine-tool for removing material export price stood at $X per unit in 2021, declining by -13.4% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by 20% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Italy ($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 Switzerland (+6.7%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Spain

In 2021, approx. X units of machine-tools for working any material by removal of material were imported into Spain; picking up by 63% against the previous year's figure. In general, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 45%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of machine-tool for removing material to Spain, with a 53% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +51.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.5% per year) and the Netherlands (+6.5% per year).

In value terms, Germany ($X), China ($X) and Italy ($X) were the largest machine-tool for removing material suppliers to Spain, together accounting for 61% of total imports. These countries were followed by France, the Netherlands, the United States, the UK and Belgium, which together accounted for a further 17%.

Belgium, with a CAGR of +39.5%, recorded the highest growth rate of 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 machine-tool for removing material import price amounted to $X per unit, shrinking by -12.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Belgium ($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 UK (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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