Spain: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Spain

In 2021, the Spanish respiration apparatus market decreased by -60% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, saw buoyant growth. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Respiration Apparatus Production in Spain

In value terms, respiration apparatus production fell dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 316% against the previous year. As a result, production attained the peak level of $X, and then shrank rapidly in the following year.

Respiration Apparatus Exports

Exports from Spain

In 2021, exports of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus from Spain dropped to X tons, which is down by -14.9% against the previous year's figure. In general, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell in the following year.

In value terms, respiration apparatus exports fell sharply to $X in 2021. Overall, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, the exports reached the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Portugal (X tons) was the main destination for respiration apparatus exports from Spain, accounting for a 54% share of total exports. Moreover, respiration apparatus exports to Portugal exceeded the volume sent to the second major destination, India (X tons), fourfold. Tunisia (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal totaled +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+86.3% per year) and Tunisia (+60.4% per year).

In value terms, Portugal ($X) remains the key foreign market for respiration apparatus exports from Spain, comprising 35% of total exports. The second position in the ranking was taken by India ($X), with an 11% share of total exports. It was followed by the UK, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Portugal amounted to +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+66.0% per year) and the UK (+42.1% per year).

Export Prices by Country

The average respiration apparatus export price stood at $X per ton in 2021, with a decrease of -2.9% against the previous year. Overall, the export price showed a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 32% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Canada ($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 the United States (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Respiration Apparatus Imports

Imports into Spain

After three years of growth, purchases abroad of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus decreased by -70.7% to X tons in 2021. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 265% against the previous year. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, respiration apparatus imports declined dramatically to $X in 2021. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 220%. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest respiration apparatus supplier to Spain, accounting for a 39% share of total imports. Moreover, respiration apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.8% per year) and Italy (-0.3% per year).

In value terms, Germany ($X) constituted the largest supplier of respiration apparatus to Spain, comprising 44% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.3% per year) and the Netherlands (-7.4% per year).

Import Prices by Country

The average respiration apparatus import price stood at $X per ton in 2021, with an increase of 89% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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