Spain: Poultry Incubator Market 2024

Poultry Incubator Market Size in Spain

In 2022, the Spanish poultry incubator market decreased by -7.4% to $X, falling for the ninth consecutive year after two years of growth. In general, consumption continues to indicate a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Poultry Incubator Production in Spain

In value terms, poultry incubator production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 25%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Poultry Incubator Exports

Exports from Spain

In 2022, poultry incubator exports from Spain contracted to X units, reducing by -6.2% against the year before. In general, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 165% against the previous year. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, poultry incubator exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 114% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Egypt (X units) was the main destination for poultry incubator exports from Spain, with a 82% share of total exports. Moreover, poultry incubator exports to Egypt exceeded the volume sent to the second major destination, Brazil (X units), more than tenfold. Chile (X units) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt totaled +116.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+3.7% per year) and Chile (+59.6% per year).

In value terms, Egypt ($X) remains the key foreign market for poultry incubators and brooders exports from Spain, comprising 65% of total exports. The second position in the ranking was held by Brazil ($X), with a 7.1% share of total exports. It was followed by India, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Egypt amounted to +99.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+9.1% per year) and India (+34.0% per year).

Export Prices by Country

The average poultry incubator export price stood at $X per unit in 2022, remaining stable against the previous year. In general, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 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 India ($X per unit), while the average price for exports to Chile ($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 Thailand (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Poultry Incubator Imports

Imports into Spain

For the third consecutive year, Spain recorded decline in overseas purchases of poultry incubators and brooders, which decreased by -62% to X units in 2022. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2014 when imports increased by 416% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, poultry incubator imports fell rapidly to $X in 2022. Overall, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 504%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X units), China (X units) and the Netherlands (X units) were the main suppliers of poultry incubator imports to Spain, together accounting for 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and China ($X) appeared to be the largest poultry incubator suppliers to Spain, together comprising 66% of total imports.

The Netherlands, with a CAGR of +67.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average poultry incubator import price amounted to $X per unit, with an increase of 55% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poultry incubator import price increased by +57.5% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the UK (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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