Spain: Safes And Strongboxes Market 2024

Safes And Strongboxes Market Size in Spain

The Spanish safes and strongboxes market rose rapidly to $X in 2021, growing by 7.5% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Safes and strongboxes consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Safes And Strongboxes Production in Spain

In value terms, safes and strongboxes production expanded sharply to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. Safes and strongboxes production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Safes And Strongboxes Exports

Exports from Spain

In 2021, the amount of safes, strongboxes and doors of base metal exported from Spain skyrocketed to X tons, with an increase of 24% on the previous year's figure. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, safes and strongboxes exports surged to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for safes and strongboxes exports from Spain, with a 42% share of total exports. Moreover, safes and strongboxes exports to Romania exceeded the volume sent to the second major destination, France (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania amounted to +63.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.0% per year) and Italy (+8.3% per year).

In value terms, the largest markets for safes and strongboxes exported from Spain were France ($X), Romania ($X) and Portugal ($X), together accounting for 57% of total exports.

In terms of the main countries of destination, Romania, with a CAGR of +42.6%, saw the highest growth rate of 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 safes and strongboxes export price stood at $X per ton in 2021, increasing by 7.6% against the previous year. In general, the export price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Spain

In 2021, safes and strongboxes imports into Spain surged to X tons, picking up by 20% against the previous year. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.4% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 36% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, safes and strongboxes imports soared to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.9% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 41% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Portugal (X tons), China (X tons) and Romania (X tons) were the main suppliers of safes and strongboxes imports to Spain, together comprising 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +120.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest safes and strongboxes suppliers to Spain were Portugal ($X), China ($X) and Romania ($X), together accounting for 66% of total imports.

In terms of the main suppliers, Romania, with a CAGR of +125.4%, recorded the highest rates of growth with regard to 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

In 2021, the average safes and strongboxes import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 21%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 Germany ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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