Spain: Balloon And Dirigible Market 2024

Balloon And Dirigible Market Size in Spain

For the third year in a row, the Spanish balloon and dirigible market recorded decline in sales value, which decreased by X% to $X in 2023. Over the period under review, consumption continues to indicate a dramatic descent. Balloon and dirigible consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Balloon And Dirigible Production in Spain

In value terms, balloon and dirigible production surged to $X in 2023 estimated in export price. In general, production, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

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Balloon And Dirigible Exports

Exports from Spain

For the fourth year in a row, Spain recorded growth in shipments abroad of balloons, dirigibles and other non-powered aircraft, which increased by X% to X units in 2023. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to see gradual growth in the near future.

In value terms, balloon and dirigible exports fell to $X in 2023. Over the period under review, exports showed a perceptible expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then contracted slightly in the following year.

Exports by Country

The United States (X units) was the main destination for balloon and dirigible exports from Spain, accounting for a X% share of total exports. Moreover, balloon and dirigible exports to the United States exceeded the volume sent to the second major destination, Morocco (X units), threefold. Norway (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Norway (X% per year).

In value terms, Switzerland ($X), the United Arab Emirates ($X) and the UK ($X) appeared to be the largest markets for balloon and dirigible exported from Spain worldwide, together accounting for X% of total exports. Morocco, the United States, France, India, Japan, China, Mexico, Albania, Norway and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Norway, 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 balloon and dirigible export price stood at $X per unit in 2023, falling by X% against the previous year. Overall, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Balloon And Dirigible Imports

Imports into Spain

For the third consecutive year, Spain recorded decline in purchases abroad of balloons, dirigibles and other non-powered aircraft, which decreased by X% to X units in 2023. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, balloon and dirigible imports soared to $X in 2023. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest supplier of balloon and dirigible to Spain, accounting for a X% share of total imports. Moreover, balloon and dirigible imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United States (X% per year).

In value terms, India ($X) constituted the largest supplier of balloons, dirigibles and other non-powered aircraft to Spain, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average balloon and dirigible import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price posted a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform