Spain: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in Spain

The Spanish paper bag machine market rose sharply to $X in 2022, increasing by 11% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Paper Bag Machine Production in Spain

In value terms, paper bag machine production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by 85%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Paper Bag Machine Exports

Exports from Spain

In 2022, paper bag machine exports from Spain skyrocketed to X units, jumping by 343% compared with the previous year's figure. In general, exports, however, saw a noticeable decrease. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, paper bag machine exports skyrocketed to $X in 2022. Over the period under review, exports recorded tangible growth. The pace of growth was the most pronounced in 2018 with an increase of 600% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Morocco (X units), the UK (X units) and Mexico (X units) were the main destinations of paper bag machine exports from Spain, together comprising 81% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +29.2%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for machines for making bags, sacks or envelopes of paper or paperboard exports from Spain, comprising 40% of total exports. The second position in the ranking was taken by Poland ($X), with a 15% share of total exports. It was followed by Portugal, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland totaled +1,052.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+93.7% per year) and Portugal (+24.8% per year).

Export Prices by Country

In 2022, the average paper bag machine export price amounted to $X per unit, dropping by -8% against the previous year. In general, the export price, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 124% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Morocco ($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 Poland (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Bag Machine Imports

Imports into Spain

After two years of decline, supplies from abroad of machines for making bags, sacks or envelopes of paper or paperboard increased by 72% to X units in 2022. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 133%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, paper bag machine imports surged to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by 216%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest paper bag machine supplier to Spain, with a 45% share of total imports. Moreover, paper bag machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Italy (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+21.5% per year) and Italy (+9.1% per year).

In value terms, China ($X), France ($X) and Japan ($X) appeared to be the largest paper bag machine suppliers to Spain, with a combined 64% share of total imports. Italy, Germany, the UK and Turkey lagged somewhat behind, together accounting for a further 30%.

The UK, with a CAGR of +63.2%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average paper bag machine import price amounted to $X per unit, reducing by -31.2% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 41% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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