Spain: Machinery For Packing Market 2024

Machinery For Packing Market Size in Spain

In 2022, the Spanish machinery for packing market decreased by -0.2% to $X, falling for the second consecutive year after two years of growth. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.1% against 2020 indices. Machinery for packing consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Machinery For Packing Production in Spain

In value terms, machinery for packing production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 17%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Machinery For Packing Exports

Exports from Spain

Machinery for packing exports from Spain declined to X units in 2022, reducing by -6.8% compared with 2021 figures. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of X units, and then declined in the following year.

In value terms, machinery for packing exports shrank to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

The United States (X units), France (X units) and Italy (X units) were the main destinations of machinery for packing exports from Spain, together accounting for 26% of total exports. Poland, Mexico, Brazil, Germany, Portugal, the UK, Morocco, Hungary, the Netherlands and Russia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +25.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Italy ($X) were the largest markets for machinery for packing exported from Spain worldwide, together accounting for 30% of total exports. Poland, Hungary, Brazil, Portugal, Germany, Mexico, the UK, Russia, the Netherlands and Morocco lagged somewhat behind, together accounting for a further 36%.

Hungary, with a CAGR of +32.5%, saw 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 machinery for packing export price stood at $X per unit in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2020 an increase of 13%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Morocco ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Spain

Machinery for packing imports into Spain contracted to X units in 2022, which is down by -4.9% against 2021. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 175% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, machinery for packing imports reduced notably to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 21%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of machinery for packing imports to Spain, together comprising 72% of total imports. The Netherlands, San Marino, Taiwan (Chinese), Turkey, France and Portugal lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +20.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machinery for packing or wrapping to Spain, comprising 42% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.4% per year) and China (+10.4% per year).

Import Prices by Country

In 2022, the average machinery for packing import price amounted to $X per unit, waning by -16.2% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 151% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, 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 Germany ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by San Marino (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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