Spain: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Spain

The Spanish diagnostic equipment market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, showed a abrupt slump. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Diagnostic Equipment Production in Spain

In value terms, diagnostic equipment production fell sharply to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Diagnostic Equipment Exports

Exports from Spain

In 2022, the amount of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exported from Spain contracted to X units, declining by X% against the previous year. Over the period under review, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, diagnostic equipment exports shrank to $X in 2022. Overall, total exports indicated a buoyant increase 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

France (X units), Poland (X units) and Italy (X units) were the main destinations of diagnostic equipment exports from Spain, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) remains the key foreign market for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus exports from Spain, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by Poland, with a X% share.

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

Export Prices by Country

In 2022, the average diagnostic equipment export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, showed a slight shrinkage. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Chile ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Spain

For the third consecutive year, Spain recorded growth in overseas purchases of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, which increased by X% to X units in 2022. Over the period under review, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, diagnostic equipment imports rose to $X in 2022. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of diagnostic equipment to Spain, with a X% share of total imports. Moreover, diagnostic equipment imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) constituted the largest diagnostic equipment suppliers to Spain, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average diagnostic equipment import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price, however, saw a mild expansion. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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