Spain: Memories Market 2024

Memories Market Size in Spain

The Spanish memories market shrank sharply to $X in 2021, declining by -92.4% against the previous year. Over the period under review, consumption showed a sharp reduction. Memories consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Memories Production in Spain

In value terms, memories production declined dramatically to $X in 2021 estimated in export price. In general, production saw a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Memories production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Memories Exports

Exports from Spain

In 2021, after two years of decline, there was significant growth in overseas shipments of multichip integrated circuits: memories, when their volume increased by 57% to X units. Over the period under review, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, memories exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a slight decrease. The pace of growth was the most pronounced in 2016 when exports increased by 93% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Morocco (X units) was the main destination for memories exports from Spain, with a 47% share of total exports. Moreover, memories exports to Morocco exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was taken by Portugal (X units), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Morocco totaled +52.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.9% per year) and Portugal (-19.3% per year).

In value terms, the largest markets for memories exported from Spain were Portugal ($X), Morocco ($X) and France ($X), with a combined 56% share of total exports. These countries were followed by Belgium, the UK, Germany, the Netherlands, South Korea and Argentina, which together accounted for a further 17%.

Among the main countries of destination, South Korea, with a CAGR of +113.6%, saw the highest growth rate of the value of exports, 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 memories export price amounted to $X per unit, with a decrease of -11.2% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 58% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Morocco ($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 Portugal (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Memories Imports

Imports into Spain

In 2021, supplies from abroad of multichip integrated circuits: memories increased by 48% to X units, rising for the third year in a row after six years of decline. Overall, imports, however, recorded a abrupt slump. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, memories imports expanded modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X units), Germany (X units) and Taiwan (Chinese) (X units) were the main suppliers of memories imports to Spain, together comprising 80% of total imports. These countries were followed by Belgium, China, Italy, the United States, South Korea and the UK, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +29.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest memories suppliers to Spain were Germany ($X), the Netherlands ($X) and Belgium ($X), together comprising 61% of total imports.

Among the main suppliers, Belgium, with a CAGR of +28.7%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average memories import price amounted to $X per unit, falling by -29% against the previous year. Overall, the import price, however, recorded measured growth. The pace of growth was the most pronounced in 2016 an increase of 62% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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