Spain: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Spain

In 2022, the Spanish personal weighing machine market decreased by -28.4% to $X, falling for the second consecutive year after four years of growth. Overall, consumption continues to indicate a slight setback. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Personal Weighing Machine Production in Spain

In value terms, personal weighing machine production soared to $X in 2022 estimated in export price. In general, production, however, saw a abrupt decline. The growth pace was the most rapid in 2017 when the production volume increased by 927%. Personal weighing machine production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Personal Weighing Machine Exports

Exports from Spain

In 2022, approx. X units of personal weighing machines were exported from Spain; with an increase of 46% against the previous year. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2013 when exports increased by 76%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, personal weighing machine exports fell to $X in 2022. In general, exports showed strong growth. The pace of growth was the most pronounced in 2019 with an increase of 35% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

France (X units) was the main destination for personal weighing machine exports from Spain, accounting for a 60% share of total exports. Moreover, personal weighing machine exports to France exceeded the volume sent to the second major destination, Italy (X units), threefold. The third position in this ranking was held by Portugal (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +42.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+31.0% per year) and Portugal (+6.5% per year).

In value terms, France ($X) remains the key foreign market for personal weighing machines exports from Spain, comprising 43% of total exports. The second position in the ranking was taken by Italy ($X), with a 17% share of total exports. It was followed by Portugal, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+6.6% per year) and Portugal (+8.5% per year).

Export Prices by Country

The average personal weighing machine export price stood at $X per unit in 2022, declining by -38.6% against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 14%. Over the period under review, the average export prices hit record highs 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 Germany ($X per unit), while the average price for exports to France ($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 Portugal (+1.9%), while the prices for the other major destinations experienced a decline.

Personal Weighing Machine Imports

Imports into Spain

In 2022, after three years of growth, there was significant decline in supplies from abroad of personal weighing machines, when their volume decreased by -6.4% to X units. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 38%. Over the period under review, imports attained the peak figure at X units in 2021, and then fell in the following year.

In value terms, personal weighing machine imports reduced dramatically to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 37%. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of personal weighing machine to Spain, accounting for a 87% share of total imports. Moreover, personal weighing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. France (X units) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.2% per year) and France (-0.1% per year).

In value terms, China ($X) constituted the largest supplier of personal weighing machines to Spain, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Italy, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.8% per year) and Italy (+22.3% per year).

Import Prices by Country

The average personal weighing machine import price stood at $X per unit in 2022, which is down by -14% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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 the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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