Spain: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Spain

The Spanish full-rotation excavator market reduced to $X in 2021, leveling off at the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.1% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Full-Rotation Excavator Production in Spain

In value terms, full-rotation excavator production stood at $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 2.4%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Full-Rotation Excavator Exports

Exports from Spain

After two years of decline, shipments abroad of self-propelled full-rotation excavators and bulldozers increased by 111% to X units in 2021. Over the period under review, exports, however, showed a deep setback. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, full-rotation excavator exports soared to $X in 2021. In general, exports, however, showed a abrupt curtailment. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X units), Portugal (X units) and Egypt (X units) were the main destinations of full-rotation excavator exports from Spain, together comprising 61% of total exports. Italy, Germany, the Netherlands, India, Belgium, Poland, France and Bolivia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +80.9%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) remains the key foreign market for self-propelled full-rotation excavators and bulldozers exports from Spain, comprising 59% of total exports. The second position in the ranking was held by Morocco ($X), with a 5.1% share of total exports. It was followed by the Netherlands, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Portugal stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (-5.0% per year) and the Netherlands (-7.4% per year).

Export Prices by Country

In 2021, the average full-rotation excavator export price amounted to $X per unit, remaining stable against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 20%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Morocco ($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 Mexico (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into Spain

In 2021, the amount of self-propelled full-rotation excavators and bulldozers imported into Spain reached X units, surging by 14% compared with the previous year's figure. In general, imports posted a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by 104% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, full-rotation excavator imports surged to $X in 2021. Overall, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X units), China (X units) and Germany (X units) were the main suppliers of full-rotation excavator imports to Spain, with a combined 56% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +63.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the UK ($X) appeared to be the largest full-rotation excavator suppliers to Spain, with a combined 47% share of total imports. France, Japan, Turkey, Austria, China, the Czech Republic, South Korea and Portugal lagged somewhat behind, together comprising a further 44%.

China, with a CAGR of +61.4%, recorded 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

The average full-rotation excavator import price stood at $X per unit in 2021, increasing by 50% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, full-rotation excavator import price increased by +100.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :