Spain: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Spain

The Spanish metal sawing machine market declined remarkably to $X in 2021, which is down by -56.5% against the previous year. Over the period under review, consumption continues to indicate a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced rapidly in the following year.

Metal Sawing Machine Production in Spain

In value terms, metal sawing machine production dropped to $X in 2021 estimated in export price. In general, production showed a perceptible reduction. The growth pace was the most rapid in 2013 when the production volume increased by 2.7% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Metal Sawing Machine Exports

Exports from Spain

In 2021, overseas shipments of sawing or cutting-off machines for working metal were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by 129%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal sawing machine exports surged to $X in 2021. Overall, exports recorded a modest increase. The growth pace was the most rapid in 2018 with an increase of 84%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units), France (X units) and Germany (X units) were the main destinations of metal sawing machine exports from Spain, together comprising 44% of total exports. These countries were followed by the United States, Italy, Cote d'Ivoire, Poland, the UK, Morocco, Belgium, Bulgaria, Venezuela and Austria, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +213.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for sawing or cutting-off machines for working metal exports from Spain, comprising 28% of total exports. The second position in the ranking was taken by Portugal ($X), with an 11% share of total exports. It was followed by Cote d'Ivoire, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+16.6% per year) and Cote d'Ivoire (+48.9% per year).

Export Prices by Country

The average metal sawing machine export price stood at $X per unit in 2021, jumping by 29% against the previous year. Overall, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 50% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Venezuela ($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 Portugal (+2.5%), while the prices for the other major destinations experienced a decline.

Metal Sawing Machine Imports

Imports into Spain

In 2021, approx. X units of sawing or cutting-off machines for working metal were imported into Spain; jumping by 25% compared with the previous year. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 141%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, metal sawing machine imports skyrocketed to $X in 2021. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 54%. Imports peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X units) constituted the largest metal sawing machine supplier to Spain, accounting for a 46% share of total imports. Moreover, metal sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+28.6% per year) and Taiwan (Chinese) (+21.8% per year).

In value terms, the largest metal sawing machine suppliers to Spain were Italy ($X), China ($X) and Germany ($X), with a combined 71% share of total imports. Taiwan (Chinese), Turkey, Austria, India, Poland and France lagged somewhat behind, together comprising a further 22%.

Austria, with a CAGR of +120.6%, saw the highest rates of growth with regard to 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 2021, the average metal sawing machine import price amounted to $X per unit, growing by 6.4% against the previous year. Overall, the import price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2015 an increase of 41%. The import price peaked at $X per unit 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, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :