Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Spain - 2023

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Spain (CIF) - 2023
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Spain (FOB) - 2022
3. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Spain
4. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Spain

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Spain (CIF) - 2023

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $10,546 per ton in December 2023, shrinking by -4.6% against the previous month. Overall, the import price continues to indicate a noticeable decrease. The growth pace was the most rapid in September 2023 when the average import price increased by 95% against the previous month. Over the period under review, average import prices reached the peak figure at $16,277 per ton in April 2023; however, from May 2023 to December 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($26,380 per ton), while the price for Portugal ($3,426 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Spain (FOB) - 2022

In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $14,789 per ton, increasing by 8.1% against the previous year. Over the period under review, the export price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 32%. Over the period under review, the average export prices hit record highs at $21,303 per ton in 2013; however, from 2014 to 2022, the 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 Italy ($20,560 per ton), while the average price for exports to India ($8,075 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Spain

In 2022, imports of machines and mechanical appliances; parts, of those having individual functionses into Spain skyrocketed to 25K tons, growing by 46% on the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses soared to $296M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Spain in 2022:

1. Germany (8.4K tons)
2. China (7.0K tons)
3. Italy (2.8K tons)
4. Poland (1.3K tons)
5. France (1.2K tons)
6. Netherlands (1.0K tons)
7. United Kingdom (0.5K tons)
8. Turkey (0.4K tons)
9. Portugal (0.3K tons)

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Spain

In 2022, approx. 17K tons of machines and mechanical appliances; parts, of those having individual functionses were exported from Spain; falling by -15.5% on 2021. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 13%.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses contracted to $250M in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 11% against the previous year.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Spain in 2022:

1. Germany (3.4K tons)
2. United States (3.0K tons)
3. Mexico (1.1K tons)
4. Portugal (0.9K tons)
5. France (0.9K tons)
6. Morocco (0.7K tons)
7. Brazil (0.6K tons)
8. Poland (0.6K tons)
9. Turkey (0.5K tons)
10. China (0.4K tons)
11. Canada (0.3K tons)
12. Italy (0.3K tons)
13. India (0.3K tons)

Source: IndexBox Market Intelligence Platform