Spain: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Spain

The Spanish food manufacture machinery market fell sharply to $X in 2021, shrinking by -19.4% against the previous year. In general, consumption showed a slight decline. Over the period under review, the market reached the peak level at $X in 2020, and then shrank remarkably in the following year.

Food Manufacture Machinery Production in Spain

In value terms, food manufacture machinery production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Food Manufacture Machinery Exports

Exports from Spain

After two years of growth, shipments abroad of machinery for the preparation or manufacture of food or drink decreased by -16.3% to X units in 2021. Over the period under review, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 with an increase of 80%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, food manufacture machinery exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units), the United States (X units) and Portugal (X units) were the main destinations of food manufacture machinery exports from Spain, with a combined 32% share of total exports. These countries were followed by China, Italy, France, Canada, the UK, Australia, Saudi Arabia, Ukraine, Turkey and Algeria, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +49.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Portugal ($X) appeared to be the largest markets for food manufacture machinery exported from Spain worldwide, together comprising 30% of total exports. These countries were followed by Russia, Italy, France, the UK, Saudi Arabia, Canada, Australia, Algeria, Ukraine and Turkey, which together accounted for a further 36%.

Ukraine, with a CAGR of +48.2%, 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

In 2021, the average food manufacture machinery export price amounted to $X per unit, rising by 47% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food manufacture machinery export price increased by +53.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Russia ($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 France (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Spain

In 2021, the amount of machinery for the preparation or manufacture of food or drink imported into Spain shrank to X units, waning by -6.1% compared with the year before. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 82%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, food manufacture machinery imports surged to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 55%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Mexico (X units) and Denmark (X units) were the main suppliers of food manufacture machinery imports to Spain, with a combined 54% 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 Mexico (with a CAGR of +88.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Denmark ($X) and Germany ($X) appeared to be the largest food manufacture machinery suppliers to Spain, with a combined 42% share of total imports. Switzerland, the United States, Mexico, China, Portugal, the Netherlands, France and the UK lagged somewhat behind, together comprising a further 35%.

Mexico, with a CAGR of +92.4%, recorded the highest rates of growth with regard to 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 food manufacture machinery import price amounted to $X per unit, rising by 25% against the previous year. Overall, the import price showed a significant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 257%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+34.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :