Spain: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Spain

The Spanish market for motor vehicle chassis fitted with engines surged to $X in 2022, picking up by 27% against the previous year. In general, consumption enjoyed a tangible increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in Spain

In value terms, production of motor vehicle chassis fitted with engines surged to $X in 2022 estimated in export price. In general, production saw a temperate expansion. The pace of growth appeared the most rapid in 2020 with an increase of 380% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Spain

In 2022, approx. X units of motor vehicle chassis fitted with engines were exported from Spain; falling by -52.7% against 2021 figures. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 324% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of motor vehicle chassis fitted with engines shrank remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 37%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units), Israel (X units) and Egypt (X units) were the main destinations of exports of motor vehicle chassis fitted with engines from Spain, with a combined 70% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +93.4%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the key foreign market for motor vehicle chassis fitted with engines exports from Spain, comprising 41% of total exports. The second position in the ranking was held by Egypt ($X), with a 13% share of total exports. It was followed by Portugal, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Israel totaled +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+9.7% per year) and Portugal (-13.5% per year).

Export Prices by Country

In 2022, the average export price for motor vehicle chassis fitted with engines amounted to $X per unit, surging by 42% against the previous year. Over the period under review, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 87% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Belgium ($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 Tunisia (+46.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Spain

After two years of growth, overseas purchases of motor vehicle chassis fitted with engines decreased by -31.8% to X units in 2022. Over the period under review, imports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 61% against the previous year. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of motor vehicle chassis fitted with engines rose to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 69%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of motor vehicle chassis fitted with engines to Spain, accounting for a 61% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from France exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.1% per year) and Germany (-3.9% per year).

In value terms, France ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Spain, comprising 51% of total imports. The second position in the ranking was held by Belgium ($X), with a 19% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-5.3% per year) and Germany (-4.3% per year).

Import Prices by Country

In 2022, the average import price for motor vehicle chassis fitted with engines amounted to $X per unit, rising by 52% against the previous year. In general, the import price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2014 an increase of 97%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, 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 Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+75.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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