Spain: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Spain

The Spanish x-ray examination preparations market rose slightly to $X in 2022, picking up by 1.6% against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +16.2% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

X-Ray Examination Preparations Production in Spain

In value terms, x-ray examination preparations production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

X-Ray Examination Preparations Exports

Exports from Spain

In 2022, the amount of opacifying preparations for x-ray examinations exported from Spain dropped notably to X tons, which is down by -20.7% on the year before. Overall, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 78% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, x-ray examination preparations exports rose to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 50% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for x-ray examination preparations exports from Spain, with a 62% share of total exports. Moreover, x-ray examination preparations exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+32.7% per year) and the UK (-5.9% per year).

In value terms, Germany ($X), the UK ($X) and the Netherlands ($X) constituted the largest markets for x-ray examination preparations exported from Spain worldwide, with a combined 73% share of total exports. Switzerland, France, Italy, Greece and Turkey lagged somewhat behind, together comprising a further 12%.

Switzerland, with a CAGR of +46.0%, recorded the highest rates of growth with regard to 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

The average x-ray examination preparations export price stood at $X per ton in 2022, increasing by 29% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, x-ray examination preparations export price increased by +70.6% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Examination Preparations Imports

Imports into Spain

In 2022, approx. X tons of opacifying preparations for x-ray examinations were imported into Spain; with an increase of 2.2% on the previous year. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.8% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by 43%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, x-ray examination preparations imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 61% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), Ireland (X tons) and France (X tons) were the main suppliers of x-ray examination preparations imports to Spain, together comprising 78% of total imports. Germany, Denmark, Belgium and Canada lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +156.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Germany ($X) and Ireland ($X) constituted the largest x-ray examination preparations suppliers to Spain, together comprising 62% of total imports. France, Italy, Belgium and Canada lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, Belgium, with a CAGR of +147.8%, recorded the highest growth rate of 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

In 2022, the average x-ray examination preparations import price amounted to $X per ton, picking up by 26% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, x-ray examination preparations import price decreased by -21.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 87% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+24.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :