Spain: X-Ray Apparatus Market 2024

X-Ray Apparatus Market Size in Spain

The Spanish x-ray apparatus market stood at $X in 2022, with an increase of 8.8% against the previous year. In general, consumption posted a temperate expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

X-Ray Apparatus Production in Spain

In value terms, x-ray apparatus production plummeted to $X in 2022 estimated in export price. Overall, production faced a drastic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 122%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

X-Ray Apparatus Exports

Exports from Spain

In 2022, the amount of x-ray apparatus exported from Spain surged to X units, picking up by 21% on 2021 figures. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 191% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, x-ray apparatus exports dropped to $X in 2022. Overall, exports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X units), the United States (X units) and Germany (X units) were the main destinations of x-ray apparatus exports from Spain, with a combined 27% share of total exports.

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 +25.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for x-ray apparatus exports from Spain, comprising 26% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.8% share of total exports. It was followed by France, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.2% per year) and France (-6.8% per year).

Export Prices by Country

The average x-ray apparatus export price stood at $X per unit in 2022, falling by -22.4% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 220%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Hungary ($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 the United States (+1.7%), while the prices for the other major destinations experienced a decline.

X-Ray Apparatus Imports

Imports into Spain

In 2022, the amount of x-ray apparatus imported into Spain skyrocketed to X units, growing by 18% on the year before. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 411%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, x-ray apparatus imports reached $X in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 52% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of x-ray apparatus to Spain, accounting for a 11% share of total imports. Moreover, x-ray apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), twofold. Italy (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.5% per year) and Italy (+15.1% per year).

In value terms, the largest x-ray apparatus suppliers to Spain were Germany ($X), the Netherlands ($X) and France ($X), together accounting for 59% of total imports. The United States, Italy, Belgium, Denmark and Finland lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Denmark, with a CAGR of +33.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average x-ray apparatus import price stood at $X per unit in 2022, falling by -15.1% against the previous year. Over the period under review, the import price saw a deep downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 138% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 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 ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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