Spain: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Spain

The Spanish positive displacement pump market soared to $X in 2021, picking up by 26% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.2% against 2016 indices. Positive displacement pump consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Positive Displacement Pump Production in Spain

In value terms, positive displacement pump production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +101.0% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 76% against the previous year. Positive displacement pump production peaked in 2021 and is expected to retain growth in years to come.

Positive Displacement Pump Exports

Exports from Spain

In 2021, exports of positive displacement pumps and hand pumps from Spain soared to X units, growing by 105% on 2020 figures. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 243% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, positive displacement pump exports skyrocketed to $X in 2021. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 155%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), France (X units) and Portugal (X units) were the main destinations of positive displacement pump exports from Spain, with a combined 40% share of total exports. Germany, Russia, the Netherlands, Mexico, Italy, the United States, Egypt, Canada and South Korea lagged somewhat behind, together comprising a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +105.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for positive displacement pumps and hand pumps exports from Spain, comprising 20% of total exports. The second position in the ranking was taken by Portugal ($X), with a 9.3% share of total exports. It was followed by the Netherlands, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+9.7% per year) and the Netherlands (+18.8% per year).

Export Prices by Country

In 2021, the average positive displacement pump export price amounted to $X per unit, reducing by -23.8% against the previous year. In general, the export price showed a significant contraction. The pace of growth was the most pronounced in 2015 a decrease of -17.5% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (-19.6%), while the prices for the other major destinations experienced a decline.

Positive Displacement Pump Imports

Imports into Spain

In 2021, approx. X units of positive displacement pumps and hand pumps were imported into Spain; waning by -22.2% compared with 2020. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2013 when imports increased by 241%. Over the period under review, imports hit record highs at X units in 2020, and then reduced remarkably in the following year.

In value terms, positive displacement pump imports reduced remarkably to $X in 2021. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 90% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2021, China (X units) constituted the largest positive displacement pump supplier to Spain, accounting for a 61% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. France (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +48.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.9% per year) and France (+59.1% per year).

In value terms, China ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Spain, comprising 54% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by France, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.1% per year) and France (+37.1% per year).

Import Prices by Country

In 2021, the average positive displacement pump import price amounted to $X per unit, picking up by 8.2% against the previous year. Overall, the import price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 9.5%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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