Spain: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Spain

For the fourth year in a row, the Spanish grinding and sharpening machine market recorded growth in sales value, which increased by 11% to $X in 2022. Overall, consumption saw a buoyant expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Grinding And Sharpening Metal Finishing Machines in Spain

In value terms, grinding and sharpening machine production fell slightly to $X in 2022 estimated in export price. Overall, production recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 1.8% against the previous year. Grinding and sharpening machine production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Spain

In 2022, overseas shipments of grinding and sharpening metal finishing machines were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 652% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports fell to $X in 2022. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2018 when exports increased by 69%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for grinding and sharpening machine exports from Spain, with a 55% share of total exports. Moreover, grinding and sharpening machine exports to France exceeded the volume sent to the second major destination, Portugal (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+37.5% per year) and Italy (+19.4% per year).

In value terms, the largest markets for grinding and sharpening machine exported from Spain were France ($X), Italy ($X) and Portugal ($X), with a combined 57% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +6.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, falling by -78.4% against the previous year. Over the period under review, the export price recorded a sharp descent. The most prominent rate of growth was recorded in 2021 an increase of 460% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a 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 Italy ($X per unit), while the average price for exports to France ($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 Italy (-10.6%), while the prices for the other major destinations experienced a decline.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Spain

In 2022, purchases abroad of grinding and sharpening metal finishing machines increased by 168% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grinding and sharpening machine imports rose remarkably to $X in 2022. Over the period under review, imports, however, showed a perceptible setback. The growth pace was the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of grinding and sharpening machine to Spain, with a 96% share of total imports. It was followed by Germany (X units), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +14.3%.

In value terms, the largest grinding and sharpening machine suppliers to Spain were China ($X) and Germany ($X).

China, with a CAGR of +12.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, falling by -57.8% against the previous year. In general, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 50% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.5%).

Source: IndexBox Platform

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