Spain: Paper Making Machinery Market 2024

Paper Making Machinery Market Size in Spain

The Spanish paper making machinery market fell dramatically to $X in 2021, dropping by -94.8% against the previous year. Over the period under review, consumption recorded a sharp reduction. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Paper Making Machinery Production in Spain

In value terms, paper making machinery production skyrocketed to $X in 2021 estimated in export price. In general, production recorded a abrupt decrease. Paper making machinery production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Paper Making Machinery Exports

Exports from Spain

In 2021, shipments abroad of machinery for making up paper pulp, paper or paperboard increased by 5.3% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 70% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, paper making machinery exports shrank modestly to $X in 2021. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 49%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for paper making machinery exports from Spain, with a 24% share of total exports. Moreover, paper making machinery exports to France exceeded the volume sent to the second major destination, Portugal (X units), threefold. The third position in this ranking was held by Chile (X units), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+2.2% per year) and Chile (+8.4% per year).

In value terms, France ($X), Mexico ($X) and Chile ($X) constituted the largest markets for paper making machinery exported from Spain worldwide, with a combined 26% share of total exports. These countries were followed by China, the United States, Australia, Peru, Serbia, Belgium, Romania, Portugal, the UK and Italy, which together accounted for a further 43%.

Serbia, with a CAGR of +1,267.3%, recorded the highest rates of growth with regard to the value of exports, among 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 paper making machinery export price stood at $X per unit in 2021, falling by -8.3% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, paper making machinery export price decreased by -13.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 36%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Portugal ($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 Romania (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Making Machinery Imports

Imports into Spain

Paper making machinery imports into Spain soared to X units in 2021, jumping by 38% on the year before. Overall, imports saw a strong increase. The growth pace was the most rapid in 2014 with an increase of 236% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, paper making machinery imports surged to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 410%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of paper making machinery imports to Spain, with a combined 72% share of total imports. The United States, France, the Netherlands and Denmark lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +68.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and Germany ($X) constituted the largest paper making machinery suppliers to Spain, with a combined 77% share of total imports.

The United States, with a CAGR of +67.8%, saw 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

The average paper making machinery import price stood at $X per unit in 2021, growing by 12% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 86% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, 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 Denmark (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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