Spain: Thread Rolling Machine Market 2024

Thread Rolling Machine Market Size in Spain

For the fourth consecutive year, the Spanish thread rolling machine market recorded growth in sales value, which increased by 3.3% to $X in 2022. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Thread Rolling Machine Production in Spain

In value terms, thread rolling machine production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Thread Rolling Machine Exports

Exports from Spain

In 2022, approx. X units of thread rolling machines for working metal, sintered metal carbides or cermets were exported from Spain; increasing by 4% on the previous year. Over the period under review, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 58%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, thread rolling machine exports contracted to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 72%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X units) was the main destination for thread rolling machine exports from Spain, with a 46% share of total exports. Moreover, thread rolling machine exports to South Korea exceeded the volume sent to the second major destination, the United States (X units), threefold. China (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at +128.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.2% per year) and China (-13.0% per year).

In value terms, the United States ($X), France ($X) and China ($X) were the largest markets for thread rolling machine exported from Spain worldwide, with a combined 84% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +109.6%, recorded 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 2022, the average thread rolling machine export price amounted to $X per unit, with a decrease of -12.7% against the previous year. Overall, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 159% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to South Korea ($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 France (+109.6%), while the prices for the other major destinations experienced more modest paces of growth.

Thread Rolling Machine Imports

Imports into Spain

In 2022, purchases abroad of thread rolling machines for working metal, sintered metal carbides or cermets increased by 159% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 249% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, thread rolling machine imports dropped significantly to $X in 2022. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by 588%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of thread rolling machine to Spain, with a 94% share of total imports. Moreover, thread rolling machine imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+25.8% per year) and Taiwan (Chinese) (0.0% per year).

In value terms, the largest thread rolling machine suppliers to Spain were China ($X), Taiwan (Chinese) ($X) and Portugal ($X), with a combined 100% share of total imports.

Among the main suppliers, China, with a CAGR of +29.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average thread rolling machine import price stood at $X per unit in 2022, with a decrease of -88% against the previous year. Overall, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of 207% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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