Spain: Grinding Machine Market 2024

Grinding Machine Market Size in Spain

In 2021, the Spanish grinding machine market decreased by -29.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed temperate growth. Grinding machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Grinding Machine Production in Spain

In value terms, grinding machine production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Grinding Machine Exports

Exports from Spain

In 2021, shipments abroad of machines having individual functions, for mixing, kneading, crushing or grinding increased by 39% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by 237% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, grinding machine exports skyrocketed to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 122%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), France (X units) and Lithuania (X units) were the main destinations of grinding machine exports from Spain, together comprising 32% of total exports. These countries were followed by Portugal, Morocco, Brazil, Canada, Russia, the UK, the Netherlands, Mexico, Vietnam and Italy, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +116.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Portugal ($X) were the largest markets for grinding machine exported from Spain worldwide, with a combined 30% share of total exports. Brazil, Italy, Mexico, Lithuania, the UK, Vietnam, Canada, Russia, Morocco and the Netherlands lagged somewhat behind, together comprising a further 29%.

Lithuania, with a CAGR of +162.3%, 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 grinding machine export price stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 72% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Morocco ($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 Italy (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Spain

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding imported into Spain surged to X units, jumping by 64% on the previous year's figure. Overall, imports showed a strong expansion. The growth pace was the most rapid in 2015 with an increase of 66%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, grinding machine imports soared to $X in 2021. In general, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest grinding machine supplier to Spain, accounting for a 39% share of total imports. Moreover, grinding machine imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. China (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+82.6% per year) and China (+41.7% per year).

In value terms, Germany ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to Spain, comprising 41% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by China, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.6% per year) and China (+30.5% per year).

Import Prices by Country

The average grinding machine import price stood at $X per unit in 2021, with an increase of 3.9% against the previous year. In general, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 50%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Poland ($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 (+14.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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