Spain: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Spain

The Spanish machine tool for metal market stood at $X in 2022, standing approx. at the previous year. Overall, consumption showed a strong expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Spain

In value terms, machine tool for metal production shrank modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Spain

In 2022, approx. X units of machine tools for working metal without removing metal were exported from Spain; surging by X% on 2021. Overall, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, machine tool for metal exports contracted to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Portugal (X units) was the main destination for machine tool for metal exports from Spain, accounting for a X% share of total exports. Moreover, machine tool for metal exports to Portugal exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by Israel (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Israel (X% per year).

In value terms, the largest markets for machine tool for metal exported from Spain were Portugal ($X), Germany ($X) and Poland ($X), with a combined X% share of total exports. The Czech Republic, China, Mexico, Cyprus, Brazil, Israel, the UK, Chile, Saudi Arabia and the United States lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Israel, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average machine tool for metal export price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

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 Poland ($X per unit), while the average price for exports to Israel ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Spain

In 2022, the amount of machine tools for working metal without removing metal imported into Spain declined remarkably to X units, reducing by X% compared with 2021. In general, imports saw a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, machine tool for metal imports declined to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, France (X units) constituted the largest supplier of machine tool for metal to Spain, accounting for a X% share of total imports. Moreover, machine tool for metal imports from France exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. China (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Italy ($X), China ($X) and Germany ($X) constituted the largest machine tool for metal suppliers to Spain, with a combined X% share of total imports.

Italy, with a CAGR of X%, 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 a decline.

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the import price enjoyed a resilient expansion. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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