Spain: Wheeled Loader Market 2024

Wheeled Loader Market Size in Spain

The Spanish wheeled loader market surged to $X in 2021, with an increase of 46% against the previous year. In general, consumption recorded a significant expansion. Wheeled loader consumption peaked in 2021 and is likely to continue growth in the immediate term.

Wheeled Loader Production in Spain

In value terms, wheeled loader production stood at $X in 2021 estimated in export price. In general, production faced a deep slump. The pace of growth appeared the most rapid in 2020 with a decrease of 99.9%. Wheeled loader production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Wheeled Loader Exports

Exports from Spain

In 2021, overseas shipments of wheeled loaders, crawler shovel loaders, front-end loaders increased by 60% to X units, rising for the second consecutive year after five years of decline. In general, exports, however, showed a abrupt decrease. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, wheeled loader exports expanded remarkably to $X in 2021. Overall, exports, however, recorded a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Portugal (X units) was the main destination for wheeled loader exports from Spain, with a 42% share of total exports. Moreover, wheeled loader exports to Portugal exceeded the volume sent to the second major destination, Morocco (X units), fourfold. Egypt (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Portugal totaled +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (-9.5% per year) and Egypt (+4.3% per year).

In value terms, Portugal ($X) remains the key foreign market for wheeled loaders, crawler shovel loaders, front-end loaders exports from Spain, comprising 40% of total exports. The second position in the ranking was taken by Egypt ($X), with a 16% share of total exports. It was followed by Morocco, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Portugal stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+3.6% per year) and Morocco (-5.2% per year).

Export Prices by Country

The average wheeled loader export price stood at $X per unit in 2021, with a decrease of -29.1% against the previous year. Over the period under review, the export price saw a perceptible setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 38%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Libya ($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 Morocco (+4.8%), while the prices for the other major destinations experienced a decline.

Wheeled Loader Imports

Imports into Spain

In 2021, imports of wheeled loaders, crawler shovel loaders, front-end loaders into Spain soared to X units, rising by 44% against the year before. Overall, imports showed a significant increase. The growth pace was the most rapid in 2014 when imports increased by 93% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, wheeled loader imports skyrocketed to $X in 2021. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 52% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X units), the Czech Republic (X units) and France (X units) were the main suppliers of wheeled loader imports to Spain, together accounting for 38% of total imports. Turkey, Sweden, Belgium, Italy, China, the UK, the Netherlands, Austria and the United States lagged somewhat behind, together accounting for a further 57%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +80.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Belgium ($X) were the largest wheeled loader suppliers to Spain, together accounting for 49% of total imports. France, Turkey, the UK, Austria, the Czech Republic, the Netherlands, Italy, China and the United States lagged somewhat behind, together accounting for a further 45%.

Turkey, with a CAGR of +59.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wheeled loader import price amounted to $X per unit, rising by 2% against the previous year. Over the period under review, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2017 an increase of 58% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, 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 Sweden ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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