Spain: Pumps For Liquids Market 2024

Pumps For Liquids Market Size in Spain

For the third year in a row, the Spanish pumps for liquids market recorded decline in sales value, which decreased by -51.4% to $X in 2022. In general, consumption recorded a deep downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Pumps For Liquids Production in Spain

In value terms, pumps for liquids production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 11%. Pumps for liquids production peaked in 2022 and is expected to retain growth in the immediate term.

Pumps For Liquids Exports

Exports from Spain

For the fourth consecutive year, Spain recorded growth in overseas shipments of pumps for liquids, which increased by 18% to X units in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pumps for liquids exports declined to $X in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 32% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X units), France (X units) and Russia (X units) were the main destinations of pumps for liquids exports from Spain, with a combined 65% share of total exports. Italy, Morocco, the United Arab Emirates, Belgium, Israel and Turkey lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +17.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pumps for liquids exported from Spain were France ($X), Portugal ($X) and the United Arab Emirates ($X), together comprising 18% of total exports. Belgium, Morocco, Italy, Russia, Turkey and Israel lagged somewhat behind, together comprising a further 12%.

Belgium, with a CAGR of +17.8%, saw the highest growth rate of 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

The average pumps for liquids export price stood at $X per unit in 2022, dropping by -20.2% against the previous year. In general, the export price, however, saw a notable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Portugal ($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 Turkey (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pumps For Liquids Imports

Imports into Spain

Pumps for liquids imports into Spain shrank sharply to X units in 2022, dropping by -16.9% against the year before. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 72% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, pumps for liquids imports declined to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +13.0% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 29%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest pumps for liquids supplier to Spain, with a 43% share of total imports. Moreover, pumps for liquids imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Italy (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.9% per year) and Italy (-1.9% per year).

In value terms, the largest pumps for liquids suppliers to Spain were Germany ($X), Italy ($X) and China ($X), together accounting for 51% of total imports. The Netherlands, France, Switzerland and Slovakia lagged somewhat behind, together accounting for a further 22%.

Slovakia, with a CAGR of +52.1%, recorded the highest growth rate of 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

In 2022, the average pumps for liquids import price amounted to $X per unit, increasing by 12% against the previous year. Overall, the import price, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2019 an increase of 27% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform