Spain: Sails Market 2025

Sails Market Size in Spain

In 2022, the Spanish sails market increased by 42% to $X, rising for the fourth year in a row after three years of decline. In general, consumption recorded a buoyant increase. Sails consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Sails Production in Spain

In value terms, sails production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 89%. Sails production peaked in 2022 and is expected to retain growth in the near future.

Sails Exports

Exports from Spain

In 2022, overseas shipments of sails increased by 13% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 53%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sails exports soared to $X in 2022. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2015 with an increase of 62%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Antigua and Barbuda (X tons), France (X tons) and Gibraltar (X tons) were the main destinations of sails exports from Spain, with a combined 36% share of total exports. The UK, Malta, Italy, the United States, Sweden, the Netherlands, Hungary, Portugal and Turkey lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +98.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malta ($X), Gibraltar ($X) and Italy ($X) appeared to be the largest markets for sails exported from Spain worldwide, together accounting for 37% of total exports. Antigua and Barbuda, France, the UK, Portugal, Sweden, the United States, Hungary, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 43%.

In terms of the main countries of destination, Hungary, with a CAGR of +96.1%, 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

In 2022, the average sails export price amounted to $X per ton, picking up by 26% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sails export price increased by +91.7% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 52% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malta ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saint Maarten (Dutch part) (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sails Imports

Imports into Spain

In 2022, the amount of sails imported into Spain surged to X tons, increasing by 65% compared with 2021. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 105%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sails imports surged to $X in 2022. In general, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of sails to Spain, accounting for a 28% share of total imports. Moreover, sails imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +88.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+15.4% per year) and Italy (+38.8% per year).

In value terms, Denmark ($X), the Netherlands ($X) and Germany ($X) were the largest sails suppliers to Spain, together comprising 54% of total imports. Sri Lanka, the United States, Italy, France, China, Tunisia, Norway, Antigua and Barbuda and South Africa lagged somewhat behind, together comprising a further 34%.

In terms of the main suppliers, Tunisia, with a CAGR of +161.7%, 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 sails import price stood at $X per ton in 2022, picking up by 12% against the previous year. In general, the import price recorded a mild expansion. The growth pace was the most rapid in 2017 when the average import price increased by 68% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 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 Denmark ($X per ton), while the price for Antigua and Barbuda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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