Spain: Market for Television, Video and Digital Cameras 2024

Market Size for Television, Video and Digital Cameras in Spain

After two years of growth, the Spanish market for television, video and digital cameras decreased by -5.7% to $X in 2022. Over the period under review, consumption saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 7% against the previous year. Television, video and digital camera consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Television, Video and Digital Cameras in Spain

In value terms, television, video and digital camera production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a precipitous decline. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Television, Video and Digital Cameras

Exports from Spain

In 2022, overseas shipments of television, video and digital cameras decreased by -3.3% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.5% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, television, video and digital camera exports fell to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Portugal (X units), France (X units) and Italy (X units) were the main destinations of television, video and digital camera exports from Spain, with a combined 57% share of total exports. The UK, Germany, the Netherlands, Poland and Andorra lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +27.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for television, video and digital camera exported from Spain were Portugal ($X), France ($X) and Germany ($X), with a combined 46% share of total exports. Italy, Poland, the UK, the Netherlands and Andorra lagged somewhat behind, together comprising a further 29%.

Poland, with a CAGR of +27.1%, recorded the highest growth rate of the value of exports, in terms of 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

The average export price for television, video and digital cameras stood at $X per unit in 2022, declining by -6.1% against the previous year. In general, the export price saw a pronounced decrease. The growth pace was the most rapid in 2017 when the average export price increased by 23%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Andorra ($X per unit), while the average price for exports to the UK ($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 Andorra (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Television, Video and Digital Cameras

Imports into Spain

After two years of growth, supplies from abroad of television, video and digital cameras decreased by -7.9% to X units in 2022. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Over the period under review, imports attained the maximum at X units in 2021, and then shrank in the following year.

In value terms, television, video and digital camera imports fell to $X in 2022. In general, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of television, video and digital camera to Spain, accounting for a 42% share of total imports. Moreover, television, video and digital camera imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Vietnam (X units), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.7% per year) and Vietnam (+57.4% per year).

In value terms, China ($X) constituted the largest supplier of television, video and digital cameras to Spain, comprising 30% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.8% per year) and the Netherlands (+10.7% per year).

Import Prices by Country

The average import price for television, video and digital cameras stood at $X per unit in 2022, reducing by -1.7% against the previous year. In general, the import price showed a perceptible contraction. The growth pace was the most rapid in 2018 when the average import price increased by 14% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Mexico ($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 (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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