Spain: Tamping Machinery Market 2024

Tamping Machinery Market Size in Spain

In 2021, the Spanish tamping machinery market decreased by -18.7% to $X, falling for the third consecutive year after three years of growth. In general, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -49.4% against 2018 indices. Tamping machinery consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Tamping Machinery Production in Spain

In value terms, tamping machinery production contracted to $X in 2021 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +54.8% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of 6%. Tamping machinery production peaked at $X in 2020, and then reduced slightly in the following year.

Tamping Machinery Exports

Exports from Spain

In 2021, approx. X units of tamping or compacting machinery were exported from Spain; picking up by 37% against the year before. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 183% against the previous year. As a result, the exports attained the peak of X units; afterwards, it flattened through to 2021.

In value terms, tamping machinery exports dropped dramatically to $X in 2021. Over the period under review, exports saw a perceptible expansion. The growth pace was the most rapid in 2018 when exports increased by 145% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Portugal (X units) was the main destination for tamping machinery exports from Spain, accounting for a 85% share of total exports. Moreover, tamping machinery exports to Portugal exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. Morocco (X units) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal totaled +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+33.5% per year) and Morocco (+19.0% per year).

In value terms, Portugal ($X) emerged as the key foreign market for tamping or compacting machinery exports from Spain, comprising 41% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Morocco, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal stood at +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+26.1% per year) and Morocco (+9.3% per year).

Export Prices by Country

In 2021, the average tamping machinery export price amounted to $X per unit, shrinking by -38.1% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 127%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($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 Switzerland (+19.0%), while the prices for the other major destinations experienced mixed trend patterns.

Tamping Machinery Imports

Imports into Spain

In 2021, supplies from abroad of tamping or compacting machinery decreased by -74.7% to X units for the first time since 2016, thus ending a four-year rising trend. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2018 with an increase of 228% against the previous year. Imports peaked at X units in 2020, and then fell dramatically in the following year.

In value terms, tamping machinery imports shrank sharply to $X in 2021. Over the period under review, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 274% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and France (X units) were the main suppliers of tamping machinery imports to Spain, with a combined 88% share of total imports. Turkey, Sweden and Belgium lagged somewhat behind, together comprising a further 9%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +104.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of tamping or compacting machinery to Spain, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Sweden, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+40.3% per year) and Sweden (+187.8% per year).

Import Prices by Country

In 2021, the average tamping machinery import price amounted to $X per unit, surging by 144% against the previous year. Overall, the import price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 381% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+40.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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