Spain: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in Spain

The Spanish panel display manufacturing machine market rose significantly to $X in 2021, surging by 12% against the previous year. In general, consumption, however, continues to indicate a slight curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Machines For The Manufacture Of Flat Panel Displays in Spain

In value terms, panel display manufacturing machine production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from Spain

In 2021, approx. X units of machines for the manufacture of flat panel displays were exported from Spain; which is down by -78.6% compared with 2020. In general, exports recorded a deep slump. The growth pace was the most rapid in 2015 with an increase of 3,450%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, panel display manufacturing machine exports fell to $X in 2021. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 2,418% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X units) and Sweden (X units) were the main destinations of panel display manufacturing machine exports from Spain.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of 0.0%).

In value terms, the largest markets for panel display manufacturing machine exported from Spain were the United States ($X), Sweden ($X) and Poland ($X), together comprising 31% of total exports.

Sweden, with a CAGR of +76.1%, saw the highest growth rate of 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 panel display manufacturing machine export price stood at $X per unit in 2021, surging by 299% against the previous year. Over the period under review, the export price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 435% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to Austria ($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 China (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into Spain

Panel display manufacturing machine imports into Spain soared to X units in 2021, surging by 133% against the year before. Over the period under review, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 1,300%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine imports dropped to $X in 2021. Overall, imports, however, faced a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 656%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest panel display manufacturing machine supplier to Spain, accounting for a 79% share of total imports. Moreover, panel display manufacturing machine imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), sixfold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +1,000.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.5% per year) and Portugal (0.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of panel display manufacturing machine to Spain, comprising 53% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Portugal, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +41.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.3% per year) and Portugal (-23.3% per year).

Import Prices by Country

The average panel display manufacturing machine import price stood at $X per unit in 2021, declining by -62.5% against the previous year. In general, the import price faced a drastic downturn. The growth pace was the most rapid in 2014 when the average import price increased by 236% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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