Spain: Pump For Liquid Market 2024

Pump For Liquid Market Size in Spain

The Spanish pump for liquid market expanded remarkably to $X in 2021, picking up by 10% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +65.4% against 2012 indices. Pump for liquid consumption peaked in 2021 and is likely to continue growth in the near future.

Pump For Liquid Production in Spain

In value terms, pump for liquid production expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs in 2021 and is expected to retain growth in the immediate term.

Pump For Liquid Exports

Exports from Spain

In 2021, exports of pumps for liquids and liquid elevators from Spain skyrocketed to X units, picking up by 27% compared with 2020 figures. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, pump for liquid exports stood at $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 19%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), Germany (X units) and the United Arab Emirates (X units) were the main destinations of pump for liquid exports from Spain, together accounting for 53% of total exports. Poland, Russia, Portugal, Italy, the UK, Mexico, the United States and Turkey lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +23.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the United Arab Emirates ($X) were the largest markets for pump for liquid exported from Spain worldwide, with a combined 33% share of total exports.

The United Arab Emirates, with a CAGR of +11.4%, saw the highest growth rate of the value of exports, among 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 2021, the average pump for liquid export price amounted to $X per unit, which is down by -15.4% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by 8.3% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Russia ($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 the United States (+7.8%), while the prices for the other major destinations experienced a decline.

Pump For Liquid Imports

Imports into Spain

Pump for liquid imports into Spain reduced to X units in 2021, waning by -11.4% against the previous year. Over the period under review, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 68% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, pump for liquid imports stood at $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest pump for liquid supplier to Spain, with a 43% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Italy (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.2% per year) and Italy (+3.3% per year).

In value terms, the largest pump for liquid suppliers to Spain were Germany ($X), Italy ($X) and China ($X), with a combined 55% share of total imports. France, the Czech Republic, Romania, Poland and Thailand lagged somewhat behind, together accounting for a further 20%.

Poland, with a CAGR of +46.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2021, with an increase of 24% against the previous year. Overall, the import price, however, showed a deep reduction. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform