Spain: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Spain

The Spanish market for mechanical appliances for projecting, dispersing or spraying fell to $X in 2022, with a decrease of -8.7% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Spain

In value terms, production of mechanical appliances for projecting, dispersing or spraying declined to $X in 2022 estimated in export price. Overall, production, however, saw slight growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth failed to regain momentum.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Spain

In 2022, exports of mechanical appliances for projecting, dispersing or spraying from Spain expanded rapidly to X units, with an increase of 12% against 2021. Overall, exports posted a strong increase. The growth pace was the most rapid in 2018 with an increase of 64%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying soared to $X in 2022. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 58%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Mexico (X units), France (X units) and Portugal (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from Spain, with a combined 65% share of total exports. Italy, Brazil, Germany, the United States, Morocco, Argentina and Algeria lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +103.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Mexico ($X) and Portugal ($X) constituted the largest markets for mechanical appliances for projecting, dispersing or spraying exported from Spain worldwide, with a combined 44% share of total exports. Italy, Brazil, the United States, Germany, Argentina, Morocco and Algeria lagged somewhat behind, together accounting for a further 29%.

Algeria, with a CAGR of +97.9%, recorded 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

In 2022, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, jumping by 17% against the previous year. Overall, the export price, however, continues to indicate a pronounced decrease. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the average price for exports to Mexico ($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 Brazil (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Spain

In 2022, after three years of growth, there was decline in purchases abroad of mechanical appliances for projecting, dispersing or spraying, when their volume decreased by -2.6% to X units. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.3% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 47%. Over the period under review, imports of attained the maximum at X units in 2021, and then fell modestly in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying contracted to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +116.7% against 2013 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 38% against the previous year. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of imports of mechanical appliances for projecting, dispersing or spraying to Spain, with a combined 81% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +33.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the largest mechanical appliances for projecting, dispersing or spraying suppliers to Spain, together comprising 75% of total imports.

Among the main suppliers, Italy, with a CAGR of +26.1%, saw 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 import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, rising by 2.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($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 (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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