Spain: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Spain

In 2021, the Spanish machine-tool for working metal market decreased by -36% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a deep downturn. Machine-tool for working metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in Spain

In value terms, machine-tool for working metal production rose rapidly to $X in 2021 estimated in export price. In general, production showed a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 75% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Machine Tools For Working Metal

Exports from Spain

In 2021, overseas shipments of machine tools for working metal increased by 8% to X units for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, saw a noticeable decline. The growth pace was the most rapid in 2016 with an increase of 57% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working metal exports expanded rapidly to $X in 2021. Overall, exports, however, saw a perceptible curtailment. The growth pace was the most rapid in 2016 with an increase of 40% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units), the United States (X units) and Mexico (X units) were the main destinations of machine-tool for working metal exports from Spain, together accounting for 32% of total exports. South Africa, France, Brazil, India, Germany, Canada, the UK, Sweden, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +43.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working metal exported from Spain were the United States ($X), Turkey ($X) and Brazil ($X), with a combined 35% share of total exports. These countries were followed by Mexico, Canada, South Africa, Germany, France, India, the Czech Republic, the UK, Italy and Sweden, which together accounted for a further 38%.

Canada, with a CAGR of +36.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average machine-tool for working metal export price amounted to $X per unit, almost unchanged from the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to South Africa ($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 Brazil (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Spain

In 2021, supplies from abroad of machine tools for working metal decreased by -24.4% to X units for the first time since 2017, thus ending a three-year rising trend. In general, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 63%. Imports peaked at X units in 2020, and then reduced remarkably in the following year.

In value terms, machine-tool for working metal imports fell to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 52% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of machine-tool for working metal imports to Spain, with a combined 60% share of total imports. These countries were followed by Germany, Portugal, France, South Korea, Brazil, the United States, Taiwan (Chinese), Belgium and Austria, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +105.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Turkey ($X) appeared to be the largest machine-tool for working metal suppliers to Spain, with a combined 52% share of total imports. China, the United States, France, Brazil, Austria, South Korea, Portugal, Belgium and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 40%.

In terms of the main suppliers, Brazil, with a CAGR of +102.7%, recorded the highest growth rate of the value of imports, 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 working metal import price amounted to $X per unit, rising by 25% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. The growth pace was the most rapid in 2017 when the average import price increased by 63%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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