Spain: Vacuum Vessel Market 2024

Vacuum Vessel Market Size in Spain

The Spanish vacuum vessel market dropped remarkably to $X in 2022, waning by -37.4% against the previous year. Over the period under review, consumption continues to indicate a pronounced shrinkage. Vacuum vessel consumption peaked at $X in 2021, and then fell markedly in the following year.

Vacuum Vessel Production in Spain

In value terms, vacuum vessel production declined markedly to $X in 2022 estimated in export price. In general, production saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by 4,782% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Vacuum Vessel Exports

Exports from Spain

In 2022, shipments abroad of vacuum vessels increased by 51% to X units, rising for the fourth year in a row after three years of decline. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 115%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vacuum vessel exports skyrocketed to $X in 2022. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 162%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), Italy (X units) and Portugal (X units) were the main destinations of vacuum vessel exports from Spain, with a combined 53% share of total exports. Greece, Germany, the UK, Hungary, Poland, Belgium, Morocco, Romania, the Netherlands and Saudi Arabia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +65.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum vessel exported from Spain were France ($X), Italy ($X) and Germany ($X), with a combined 54% share of total exports. Portugal, the UK, Greece, Poland, Hungary, Belgium, Romania, Morocco, the Netherlands and Saudi Arabia lagged somewhat behind, together accounting for a further 31%.

Hungary, with a CAGR of +63.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 vacuum vessel export price amounted to $X per unit, dropping by -23.7% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 38% against the previous year. The export price peaked at $X per unit in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Greece ($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 Saudi Arabia (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Vessel Imports

Imports into Spain

After two years of growth, purchases abroad of vacuum vessels decreased by -26.8% to X units in 2022. Over the period under review, imports, however, saw a moderate expansion. The growth pace was the most rapid in 2020 when imports increased by 93%. Imports peaked at X units in 2021, and then fell sharply in the following year.

In value terms, vacuum vessel imports soared to $X in 2022. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest vacuum vessel supplier to Spain, accounting for a 65% share of total imports. Moreover, vacuum vessel imports from China exceeded the figures recorded by the second-largest supplier, France (X units), sixfold. The third position in this ranking was held by Germany (X units), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.1% per year) and Germany (+13.8% per year).

In value terms, China ($X) constituted the largest supplier of vacuum vessels to Spain, comprising 72% of total imports. The second position in the ranking was held by France ($X), with an 8.3% share of total imports. It was followed by Italy, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.2% per year) and Italy (+14.1% per year).

Import Prices by Country

In 2022, the average vacuum vessel import price amounted to $X per unit, jumping by 60% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum vessel import price increased by +65.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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