Spain: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Spain

The Spanish pneumatic linear acting actuator market reduced to $X in 2022, waning by -10% against the previous year. Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +10.1% against 2020 indices. Pneumatic linear acting actuator consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Pneumatic Linear Acting Actuators in Spain

In value terms, pneumatic linear acting actuator production reduced dramatically to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 68%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Pneumatic Linear Acting Actuators

Exports from Spain

After two years of growth, overseas shipments of pneumatic linear acting actuators decreased by -47.5% to X units in 2022. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 99% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports fell rapidly to $X in 2022. In general, exports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2015 when exports increased by 160%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X units), Germany (X units) and Italy (X units) were the main destinations of pneumatic linear acting actuator exports from Spain, together accounting for 52% of total exports. France, the UK, Mexico, Romania, Brazil, the United States and Greece lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +148.1%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), the United States ($X) and the UK ($X) appeared to be the largest markets for pneumatic linear acting actuator exported from Spain worldwide, with a combined 44% share of total exports. Germany, France, Brazil, Mexico, Greece, Romania and Italy lagged somewhat behind, together accounting for a further 27%.

Greece, with a CAGR of +139.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, with an increase of 27% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the 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 the United States ($X per unit), while the average price for exports to Italy ($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 the UK (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Spain

In 2022, purchases abroad of pneumatic linear acting actuators decreased by -6.5% to X units, falling for the third consecutive year after four years of growth. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 58% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, pneumatic linear acting actuator imports reduced to $X in 2022. In general, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 42%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), the UK (X units) and Italy (X units) were the main suppliers of pneumatic linear acting actuator imports to Spain, together comprising 74% of total imports. China, the Czech Republic, France and Japan lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +44.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pneumatic linear acting actuators to Spain, comprising 38% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.7% per year) and Italy (+0.9% per year).

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, dropping by -7.6% against the previous year. Overall, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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 Japan ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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