Spain: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Spain

The Spanish harvesting machinery market reduced rapidly to $X in 2021, with a decrease of -35.9% against the previous year. Over the period under review, consumption recorded a noticeable shrinkage. Harvesting machinery consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Harvesting Machinery Production in Spain

In value terms, harvesting machinery production contracted dramatically to $X in 2021 estimated in export price. Overall, production, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 1,616%. As a result, production attained the peak level of $X, and then fell significantly in the following year.

Harvesting Machinery Exports

Exports from Spain

In 2021, overseas shipments of root or tuber harvesting machines were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 61% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, harvesting machinery exports skyrocketed to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 82%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Egypt (X units), Portugal (X units) and Argentina (X units) were the main destinations of harvesting machinery exports from Spain, with a combined 49% share of total exports. These countries were followed by Morocco, France, Chile, China, Pakistan, Algeria, Germany, Italy, Romania and Poland, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +100.0%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Egypt ($X) and Portugal ($X) appeared to be the largest markets for harvesting machinery exported from Spain worldwide, with a combined 48% share of total exports. Morocco, France, Chile, China, Algeria, Italy, Germany, Romania, Poland and Pakistan lagged somewhat behind, together accounting for a further 38%.

Among the main countries of destination, Romania, with a CAGR of +264.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average harvesting machinery export price stood at $X per unit in 2021, dropping by -3.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 16%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Pakistan ($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 Egypt (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Harvesting Machinery Imports

Imports into Spain

Harvesting machinery imports into Spain dropped remarkably to X units in 2021, reducing by -31.8% on the previous year's figure. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 167%. Imports peaked at X units in 2020, and then contracted remarkably in the following year.

In value terms, harvesting machinery imports contracted markedly to $X in 2021. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 184% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then reduced sharply in the following year.

Imports by Country

France (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of harvesting machinery imports to Spain, together comprising 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +36.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest harvesting machinery suppliers to Spain were France ($X), Germany ($X) and Belgium ($X), together accounting for 82% of total imports. These countries were followed by Denmark, the Netherlands, the UK, Japan, Italy and China, which together accounted for a further 18%.

Among the main suppliers, the Netherlands, with a CAGR of +79.7%, recorded 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 harvesting machinery import price stood at $X per unit in 2021, picking up by 22% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, 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 Denmark ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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