Spain - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSmart Card Price in Spain - 2023
Contents:
- Smart Card Price in Spain (FOB) - 2023
- Smart Card Price in Spain (CIF) - 2022
- Smart Card Exports in Spain
- Smart Card Imports in Spain
Smart Card Price in Spain (FOB) - 2023
In August 2023, the average smart card export price amounted to $531 per thousand units, with an increase of 2.9% against the previous month. Over the period under review, export price indicated a perceptible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, smart card export price increased by +13.2% against March 2023 indices. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 59% against the previous month. Over the period under review, the average export prices reached the peak figure at $655 per thousand units in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Germany ($3.0 per unit), while the average price for exports to Portugal ($56.0 per thousand units) 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 the UK (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Smart Card Price in Spain (CIF) - 2022
The average smart card import price stood at $0.4 per unit in 2022, jumping by 47% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The import price peaked at $1.1 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1 per unit), while the price for Germany ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.2%), while the prices for the other major suppliers experienced a decline.
Smart Card Exports in Spain
In 2022, smart card exports from Spain skyrocketed to 404M units, jumping by 45% on the previous year. Overall, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, smart card exports expanded remarkably to $176M in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Smart Card in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 29.3 | 29.4 | 48.4 | 38.9 | 9.9% |
| Turkey | 0.1 | 0.1 | 0.1 | 23.2 | 514.5% |
| France | 15.2 | 14.5 | 20.1 | 19.3 | 8.3% |
| Italy | 7.9 | 8.5 | 18.6 | 11.7 | 14.0% |
| Poland | 5.8 | 3.6 | 2.9 | 9.7 | 18.7% |
| Portugal | 8.6 | 7.2 | 6.7 | 8.0 | -2.4% |
| Malaysia | 1.2 | N/A | N/A | 8.0 | 88.2% |
| United Kingdom | 26.7 | 18.0 | 5.1 | 7.7 | -33.9% |
| Morocco | 4.6 | 4.4 | 5.3 | 4.3 | -2.2% |
| Sri Lanka | 16.8 | 4.5 | 0.1 | 2.7 | -45.6% |
| Netherlands | 0.9 | 0.9 | 5.0 | 2.3 | 36.7% |
| Egypt | 2.6 | 2.2 | 0.9 | 0.4 | -46.4% |
| Others | 39.6 | 36.6 | 41.3 | 39.7 | 0.1% |
| Total | 159 | 130 | 155 | 176 | 3.4% |
Top Export Markets for Smart Card from Spain in 2022:
- Malaysia (87.7M units)
- Germany (57.1M units)
- Morocco (36.8M units)
- Turkey (30.8M units)
- France (29.2M units)
- Italy (26.4M units)
- Sri Lanka (22.2M units)
- Portugal (15.8M units)
- United Kingdom (15.8M units)
- Poland (12.6M units)
- Netherlands (6.8M units)
- Egypt (5.1M units)
Smart Card Imports in Spain
In 2022, smart card imports into Spain contracted to 459M units, waning by -10.7% on 2021 figures. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, imports reached the peak of 515M units, and then reduced in the following year.
In value terms, smart card imports soared to $171M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +58.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Smart Card in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.2 | 31.1 | 30.5 | 50.3 | 13.7% |
| Andorra | 22.1 | 17.0 | 10.3 | 19.9 | -3.4% |
| France | 14.8 | 13.7 | 7.8 | 16.0 | 2.6% |
| Germany | 11.6 | 6.8 | 11.1 | 12.3 | 2.0% |
| United States | 1.2 | 0.9 | 0.8 | 11.6 | 113.0% |
| Taiwan (Chinese) | 5.1 | 6.2 | 6.6 | 6.3 | 7.3% |
| Thailand | 4.8 | 5.1 | 5.5 | 3.0 | -14.5% |
| Hong Kong SAR | 5.2 | 3.4 | 3.8 | 2.7 | -19.6% |
| Others | 25.1 | 23.1 | 54.0 | 48.4 | 24.5% |
| Total | 124 | 107 | 130 | 171 | 11.3% |
Top Suppliers of Smart Card to Spain in 2022:
- China (226.9M units)
- Germany (93.9M units)
- France (28.1M units)
- Andorra (21.1M units)
- Hong Kong SAR (19.6M units)
- United States (11.6M units)
- Thailand (10.2M units)
- Taiwan (Chinese) (9.7M units)
This report provides an in-depth analysis of the smart card 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 26123000 - Smart cards
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
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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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