Spain: Photo Camera Market 2025

Photo Camera Market Size in Spain

In 2022, the Spanish photo camera market decreased by -41.5% to $X, falling for the third consecutive year after four years of growth. In general, consumption, however, continues to indicate a temperate expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Photo Camera Production in Spain

In value terms, photo camera production declined sharply to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic contraction. The growth pace was the most rapid in 2016 when the production volume increased by 100%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Photo Camera Exports

Exports from Spain

Photo camera exports from Spain dropped rapidly to X units in 2022, falling by -43.1% against the previous year's figure. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, photo camera exports contracted notably to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 64%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Portugal (X units) and Hong Kong SAR (X units) were the main destinations of photo camera exports from Spain, with a combined 51% share of total exports. Italy, the UK, France, Morocco, the United States, Denmark and Poland lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +149.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for photo camera exported from Spain were Portugal ($X), Germany ($X) and Hong Kong SAR ($X), with a combined 49% share of total exports. France, the United States, Poland, the UK, Italy, Morocco and Denmark lagged somewhat behind, together comprising a further 29%.

In terms of the main countries of destination, Denmark, with a CAGR of +80.5%, 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 photo camera export price stood at $X per unit in 2022, jumping by 28% against the previous year. In general, the export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 104%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Denmark ($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 (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Photo Camera Imports

Imports into Spain

In 2022, supplies from abroad of photographic (other than cinematographic) cameras increased by 21% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +53.3% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, photo camera imports declined to $X in 2022. Overall, imports posted a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 191% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest photo camera supplier to Spain, with a 58% share of total imports. Moreover, photo camera imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Thailand (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.1% per year) and Thailand (+184.6% per year).

In value terms, the largest photo camera suppliers to Spain were China ($X), Germany ($X) and Italy ($X), with a combined 54% share of total imports. The Netherlands, Thailand, France, the United States and Mexico lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Thailand, with a CAGR of +131.7%, 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

The average photo camera import price stood at $X per unit in 2022, which is down by -17.6% against the previous year. Over the period under review, the import price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of 116% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+48.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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