Spain: Working Wire Machine Market 2024

Working Wire Machine Market Size in Spain

The Spanish working wire machine market skyrocketed to $X in 2021, growing by 53% against the previous year. Overall, consumption enjoyed a strong increase. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Working Wire Machine Production in Spain

In value terms, working wire machine production reached $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 2.1% against the previous year. Working wire machine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Working Wire Machine Exports

Exports from Spain

In 2021, shipments abroad of machines for working wire was finally on the rise to reach X units after two years of decline. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 354%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, working wire machine exports surged to $X in 2021. Over the period under review, exports, however, saw a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of 129%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), the United States (X units) and Brazil (X units) were the main destinations of working wire machine exports from Spain, with a combined 68% share of total exports. These countries were followed by Peru, Italy, Argentina, Mexico and Portugal, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +675.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for working wire machine exported from Spain were Brazil ($X), France ($X) and the United States ($X), together comprising 72% of total exports. These countries were followed by Italy, Argentina, Mexico, Peru, Portugal and the UK, which together accounted for a further 26%.

Peru, with a CAGR of +492.3%, recorded the highest growth rate of 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 working wire machine export price amounted to $X per unit, dropping by -49.4% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 371% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Portugal ($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 the UK (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into Spain

In 2021, the amount of machines for working wire imported into Spain soared to X units, increasing by 98% against 2020. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 967% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, working wire machine imports shrank markedly to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 87%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, France (X units) constituted the largest working wire machine supplier to Spain, accounting for a 50% share of total imports. Moreover, working wire machine imports from France exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. China (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+42.7% per year) and China (+4.6% per year).

In value terms, the largest working wire machine suppliers to Spain were Germany ($X), China ($X) and the United States ($X), with a combined 53% share of total imports. These countries were followed by France, Brazil, Greece, Portugal, Taiwan (Chinese), the Dominican Republic and Hong Kong SAR, which together accounted for a further 30%.

In terms of the main suppliers, Brazil, with a CAGR of +208.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average working wire machine import price stood at $X per unit in 2021, with a decrease of -71.1% against the previous year. Over the period under review, the import price saw a sharp decline. The pace of growth appeared the most rapid in 2018 an increase of 692% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+28.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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