Spain: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Spain

For the third year in a row, the Spanish self-propelled bulldozer market recorded growth in sales value, which increased by 10% to $X in 2021. Overall, consumption saw resilient growth. Self-propelled bulldozer consumption peaked in 2021 and is expected to retain growth in the near future.

Self-Propelled Bulldozer Production in Spain

In value terms, self-propelled bulldozer production rose markedly to $X in 2021 estimated in export price. In general, production, however, posted notable growth. The growth pace was the most rapid in 2014 with an increase of 380%. Self-propelled bulldozer production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Self-Propelled Bulldozer Exports

Exports from Spain

In 2021, overseas shipments of self-propelled bulldozers and excavators decreased by -3.4% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 41% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled bulldozer exports expanded markedly to $X in 2021. Overall, exports recorded a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 57% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), Morocco (X units) and Peru (X units) were the main destinations of self-propelled bulldozer exports from Spain, together comprising 50% of total exports. Portugal, the Czech Republic, Ireland, Romania, Germany, Andorra, Uruguay, Egypt, Argentina and the UK lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +40.3%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and Ireland ($X) constituted the largest markets for self-propelled bulldozer exported from Spain worldwide, together comprising 61% of total exports.

In terms of the main countries of destination, Ireland, with a CAGR of +74.1%, 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 2021, the average self-propelled bulldozer export price amounted to $X per unit, picking up by 15% against the previous year. Over the period under review, the export price showed a strong increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 69% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Peru ($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 Ireland (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Bulldozer Imports

Imports into Spain

In 2021, the amount of self-propelled bulldozers and excavators imported into Spain soared to X units, picking up by 40% against the previous year's figure. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 with an increase of 64%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, self-propelled bulldozer imports soared to $X in 2021. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 93% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

The UK (X units), the Czech Republic (X units) and France (X units) were the main suppliers of self-propelled bulldozer imports to Spain, together accounting for 70% of total imports. These countries were followed by Israel, India, China, Germany and Belgium, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +242.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of self-propelled bulldozers and excavators to Spain, comprising 49% of total imports. The second position in the ranking was taken by France ($X), with a 21% share of total imports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+30.9% per year) and the Czech Republic (+129.0% per year).

Import Prices by Country

The average self-propelled bulldozer import price stood at $X per unit in 2021, falling by -4.7% against the previous year. In general, the import price, however, saw a moderate increase. The growth pace was the most rapid in 2016 when the average import price increased by 46%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a 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 ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :