Spain: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Spain

In 2022, the Spanish non-numerically controlled sharpening machine market increased by 13% to $X, rising for the fourth year in a row after two years of decline. In general, consumption enjoyed resilient growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Spain

In value terms, non-numerically controlled sharpening machine production fell slightly to $X in 2022 estimated in export price. In general, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 90% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Spain

In 2022, overseas shipments of non-numerically controlled sharpening machines for working metal 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 saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 665% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine exports surged to $X in 2022. In general, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 227%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for non-numerically controlled sharpening machine exports from Spain, with a 56% share of total exports. Moreover, non-numerically controlled 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 growth rate of volume to France stood at +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+38.8% per year) and Italy (+19.3% per year).

In value terms, France ($X), Italy ($X) and Portugal ($X) appeared to be the largest markets for non-numerically controlled sharpening machine exported from Spain worldwide, with a combined 87% share of total exports.

In terms of the main countries of destination, Portugal, with a CAGR of +11.7%, recorded the highest rates of growth with regard to 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

The average non-numerically controlled sharpening machine export price stood at $X per unit in 2022, with a decrease of -53% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of 82% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 (-13.2%), while the prices for the other major destinations experienced a decline.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Spain

After two years of decline, purchases abroad of non-numerically controlled sharpening machines for working metal increased by 170% to X units in 2022. Overall, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-numerically controlled sharpening machine imports skyrocketed to $X in 2022. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 50% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main non-numerically controlled sharpening machine supplier to Spain, accounting for a 97% share of total imports. It was followed by Germany (X units), with a 0.5% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to Spain, comprising 70% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +11.6%.

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, shrinking by -50.5% against the previous year. In general, the import price saw a abrupt slump. The growth pace was the most rapid in 2016 an increase of 36%. As a result, import price reached 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 totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.2%).

Source: IndexBox Platform

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