Spain: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Spain

The Spanish machine-tool for working wood market contracted markedly to $X in 2021, dropping by -18.3% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Wood in Spain

In value terms, machine-tool for working wood production amounted to $X in 2021 estimated in export price. In general, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 23%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports from Spain

In 2021, the amount of machine-tools for working wood exported from Spain expanded significantly to X tons, surging by 6.4% on the year before. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 42% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working wood exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 42%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons), Italy (X tons) and the United States (X tons) were the main destinations of machine-tool for working wood exports from Spain, with a combined 33% share of total exports. Portugal, Germany, Morocco, Egypt, Mexico, Malta, Poland, Russia, the UK and Chile lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Malta (with a CAGR of +141.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working wood exported from Spain were the United States ($X), France ($X) and Portugal ($X), with a combined 33% share of total exports. Germany, Italy, the UK, Poland, Morocco, Malta, Russia, Mexico, Chile and Egypt lagged somewhat behind, together accounting for a further 36%.

Malta, with a CAGR of +102.4%, recorded 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

The average machine-tool for working wood export price stood at $X per ton in 2021, growing by 3.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Spain

Machine-tool for working wood imports into Spain expanded significantly to X tons in 2021, picking up by 10% compared with the previous year's figure. In general, imports posted a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by 69%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, machine-tool for working wood imports surged to $X in 2021. Over the period under review, imports posted a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 45%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of machine-tool for working wood imports to Spain, with a combined 84% 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 +24.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and China ($X) were the largest machine-tool for working wood suppliers to Spain, with a combined 82% share of total imports.

In terms of the main suppliers, China, with a CAGR of +24.4%, saw 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

The average machine-tool for working wood import price stood at $X per ton in 2021, increasing by 5.9% against the previous year. Over the period under review, the import price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2016 an increase of 33%. The import price peaked at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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