Spain: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Spain

The Spanish road tractor for semi-trailer market reduced to $X in 2021, declining by -13.8% against the previous year. In general, consumption showed a noticeable setback. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Road Tractors For Semi-Trailers in Spain

In value terms, road tractor for semi-trailer production contracted significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate noticeable growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 589% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Road Tractors For Semi-Trailers

Exports from Spain

In 2021, overseas shipments of road tractors for semi-trailers increased by 12% to X units, rising for the second year in a row after four years of decline. In general, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 175%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, road tractor for semi-trailer exports skyrocketed to $X in 2021. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by 264%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X units) was the main destination for road tractor for semi-trailer exports from Spain, with a 28% share of total exports. Moreover, road tractor for semi-trailer exports to Italy exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by France (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.1% per year) and France (-0.6% per year).

In value terms, Italy ($X) remains the key foreign market for road tractors for semi-trailers exports from Spain, comprising 33% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+26.0% per year) and France (+10.7% per year).

Export Prices by Country

In 2021, the average road tractor for semi-trailer export price amounted to $X per unit, with an increase of 17% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Libya ($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 France (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into Spain

In 2021, approx. X units of road tractors for semi-trailers were imported into Spain; growing by 6.5% compared with the previous year. Over the period under review, imports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 138%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 88%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X units), the Netherlands (X units) and Belgium (X units) were the main suppliers of road tractor for semi-trailer imports to Spain, together accounting for 64% of total imports. Germany, Turkey, Poland, Slovakia and Portugal lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +54.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Belgium ($X) were the largest road tractor for semi-trailer suppliers to Spain, with a combined 67% share of total imports. Germany, Turkey, Poland, Portugal and Slovakia lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Turkey, with a CAGR of +43.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average road tractor for semi-trailer import price stood at $X per unit in 2021, growing by 19% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, road tractor for semi-trailer import price increased by +46.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 79% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+18,287.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :