Spain: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Spain

The Spanish market for spray guns and similar appliances reduced rapidly to $X in 2022, shrinking by -38.6% against the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then shrank dramatically in the following year.

Production of Spray Guns And Similar Appliances in Spain

In value terms, spray guns and similar appliances production declined to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Spray guns and similar appliances production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Spray Guns And Similar Appliances

Exports from Spain

In 2022, the amount of spray guns and similar appliances exported from Spain skyrocketed to X units, with an increase of 39% against the previous year's figure. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2016 when exports increased by 84%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, spray guns and similar appliances exports surged to $X in 2022. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X units) was the main destination for spray guns and similar appliances exports from Spain, with a 46% share of total exports. Moreover, spray guns and similar appliances exports to France exceeded the volume sent to the second major destination, Portugal (X units), fourfold. Italy (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+19.8% per year) and Italy (+9.2% per year).

In value terms, the largest markets for spray guns and similar appliances exported from Spain were Italy ($X), France ($X) and Portugal ($X), together accounting for 40% of total exports. Germany, the UK, the Czech Republic, Peru and San Marino lagged somewhat behind, together accounting for a further 16%.

Among the main countries of destination, the Czech Republic, with a CAGR of +34.7%, recorded the highest rates of growth with regard to 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 export price for spray guns and similar appliances stood at $X per unit in 2022, waning by -15% against the previous year. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 36%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to San Marino ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into Spain

In 2022, overseas purchases of spray guns and similar appliances decreased by -15.3% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 50%. Imports peaked at X units in 2021, and then declined notably in the following year.

In value terms, spray guns and similar appliances imports declined to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 70% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest spray guns and similar appliances supplier to Spain, with a 72% share of total imports. Moreover, spray guns and similar appliances imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), tenfold. The third position in this ranking was taken by Belgium (X units), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.1% per year) and Belgium (+15.6% per year).

In value terms, China ($X) constituted the largest supplier of spray guns and similar appliances to Spain, comprising 45% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+15.8% per year) and Italy (+7.1% per year).

Import Prices by Country

In 2022, the average import price for spray guns and similar appliances amounted to $X per unit, remaining stable against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spray guns and similar appliances import price increased by +5.0% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 35% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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