Spain: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Spain

In 2021, the Spanish numerically controlled drilling machine market decreased by -9.3% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, continues to indicate a temperate expansion. Numerically controlled drilling machine consumption peaked at $X in 2020, and then shrank in the following year.

Production of Numerically Controlled Drilling Machines For Working Metal in Spain

In value terms, numerically controlled drilling machine production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 4.5%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted modestly in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Spain

In 2021, exports of numerically controlled drilling machines for working metal from Spain soared to X tons, increasing by 20% on 2020 figures. In general, exports showed temperate growth. The pace of growth appeared the most rapid in 2019 with an increase of 238%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports soared to $X in 2021. Overall, exports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 358% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons), Poland (X tons) and Germany (X tons) were the main destinations of numerically controlled drilling machine exports from Spain, with a combined 56% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +55.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Poland ($X) and the UK ($X) were the largest markets for numerically controlled drilling machine exported from Spain worldwide, together comprising 56% of total exports. These countries were followed by Germany, China, the United States, the Netherlands, Mexico and France, which together accounted for a further 36%.

Among the main countries of destination, Germany, with a CAGR of +62.5%, 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 numerically controlled drilling machine export price stood at $X per ton in 2021, surging by 4.7% against the previous year. Over the period under review, the export price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2013 an increase of 63% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Spain

In 2021, approx. X tons of numerically controlled drilling machines for working metal were imported into Spain; declining by -63% on 2020. In general, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2015 with an increase of 149%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports fell sharply to $X in 2021. Over the period under review, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2019 with an increase of 289% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of numerically controlled drilling machine to Spain, with a 45% share of total imports. Moreover, numerically controlled drilling machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +55.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+225.7% per year) and the United States (-44.5% per year).

In value terms, Italy ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Spain, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by China, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +44.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.9% per year) and China (+198.4% per year).

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, which is down by -33.7% against the previous year. In general, the import price, however, showed noticeable growth. The most prominent rate of growth was recorded in 2019 an increase of 81% against the previous year. The import price peaked at $X per ton in 2020, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+62.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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