Spain - Road Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRoad Wheel Price in Spain - 2023
Contents:
- Road Wheel Price in Spain (CIF) - 2023
- Road Wheel Price in Spain (FOB) - 2023
- Road Wheel Imports in Spain
- Road Wheel Exports in Spain
Road Wheel Price in Spain (CIF) - 2023
In August 2023, the average road wheel import price amounted to $5,716 per ton, standing approximately at the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 34% against the previous month. The import price peaked at $6,319 per ton in March 2023; however, from April 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($11,060 per ton), while the price for France ($3,064 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Road Wheel Price in Spain (FOB) - 2023
The average road wheel export price stood at $5,561 per ton in August 2023, remaining stable against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 45% m-o-m. The export price peaked at $5,606 per ton in August 2022; afterwards, it flattened through to August 2023.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Hungary ($12,403 per ton), while the average price for exports to the United Arab Emirates ($795 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Road Wheel Imports in Spain
In 2022, approx. 89K tons of road wheels were imported into Spain; surging by 15% against the previous year. The total import volume increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, road wheel imports skyrocketed to $440M in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Road Wheel in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 90.3 | 79.2 | 95.6 | 124 | 11.2% |
| Morocco | 0.6 | 20.2 | 57.5 | 82.5 | 416.1% |
| Italy | 18.0 | 15.7 | 20.1 | 43.6 | 34.3% |
| Germany | 50.5 | 34.0 | 44.6 | 42.0 | -6.0% |
| France | 66.0 | 31.3 | 36.6 | 34.2 | -19.7% |
| Thailand | 43.2 | 31.3 | 22.4 | 24.9 | -16.8% |
| Czech Republic | 6.5 | 5.1 | 7.5 | 14.5 | 30.7% |
| Portugal | 6.7 | 7.9 | 10.9 | 11.0 | 18.0% |
| South Korea | 38.4 | 33.7 | 10.0 | 9.9 | -36.4% |
| China | 7.9 | 7.4 | 8.3 | 7.9 | 0.0% |
| Poland | 11.7 | 6.8 | 7.7 | 6.8 | -16.5% |
| Others | 43.1 | 28.0 | 30.4 | 39.3 | -3.0% |
| Total | 383 | 301 | 352 | 440 | 4.7% |
Top Suppliers of Road Wheel to Spain in 2022:
- Turkey (22.4K tons)
- Morocco (15.1K tons)
- Italy (12.4K tons)
- France (11.4K tons)
- Germany (9.0K tons)
- Thailand (4.4K tons)
- Czech Republic (2.5K tons)
- Portugal (2.4K tons)
- Poland (2.0K tons)
- China (1.9K tons)
- South Korea (1.6K tons)
Road Wheel Exports in Spain
In 2022, after two years of decline, there was growth in shipments abroad of road wheels, when their volume increased by 4.1% to 46K tons. Over the period under review, exports, however, recorded a deep contraction.
In value terms, road wheel exports rose significantly to $236M in 2022. Overall, exports, however, saw a perceptible setback.
| Export of Road Wheel in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 59.1 | 45.8 | 49.4 | 66.8 | 4.2% |
| Germany | 35.6 | 38.8 | 39.9 | 41.1 | 4.9% |
| Morocco | 28.4 | 21.2 | 17.7 | 19.5 | -11.8% |
| Portugal | 34.6 | 18.5 | 21.6 | 18.6 | -18.7% |
| Slovakia | 16.2 | 16.9 | 22.7 | 17.0 | 1.6% |
| Hungary | 0.2 | 0.5 | 2.5 | 9.7 | 264.7% |
| Austria | 12.4 | 8.9 | 13.5 | 9.1 | -9.8% |
| Czech Republic | 5.7 | 6.2 | 7.5 | 8.7 | 15.1% |
| United Kingdom | 38.1 | 32.1 | 12.0 | 5.5 | -47.5% |
| Romania | 0.2 | 0.4 | 0.9 | 5.0 | 192.4% |
| Belgium | 5.9 | 4.8 | 3.7 | 4.7 | -7.3% |
| Argentina | 0.1 | 0.1 | 1.3 | 4.4 | 253.0% |
| Italy | 3.9 | 3.2 | 4.8 | 3.8 | -0.9% |
| Others | 29.4 | 15.7 | 19.6 | 22.6 | -8.4% |
| Total | 270 | 213 | 217 | 236 | -4.4% |
Top Export Markets for Road Wheel from Spain in 2022:
- France (14.0K tons)
- Germany (9.3K tons)
- Morocco (4.8K tons)
- Portugal (3.0K tons)
- Slovakia (2.7K tons)
- Czech Republic (2.0K tons)
- Belgium (1.3K tons)
- Romania (1.0K tons)
- Italy (1.0K tons)
- United Kingdom (1.0K tons)
- Austria (0.9K tons)
- Hungary (0.9K tons)
- Argentina (0.9K tons)
This report provides an in-depth analysis of the road wheel market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29323040 - Road wheels and parts and accessories thereof
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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