Spain: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2022

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Spain

The Spanish market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps surged to $X in 2021, growing by 29% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Spain

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 23% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Spain

Exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Spain contracted dramatically to X units in 2021, which is down by -48.4% against the year before. Over the period under review, exports, however, recorded pronounced growth. The pace of growth was the most pronounced in 2018 when exports increased by 183%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps fell significantly to $X in 2021. In general, exports, however, posted a tangible expansion. The pace of growth was the most pronounced in 2018 with an increase of 188% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

France (X units), Germany (X units) and the UK (X units) were the main destinations of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Spain, with a combined 27% share of total exports. These countries were followed by South Africa, Portugal, Chile, Turkey, Finland, Peru, the United States, Mexico, Morocco and Saudi Arabia, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +19.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic pump (gear or vane) and other rotary positive displacement pump exported from Spain were France ($X), Portugal ($X) and Germany ($X), together comprising 26% of total exports. South Africa, the UK, Turkey, the United States, Chile, Mexico, Finland, Saudi Arabia, Morocco and Peru lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, the United States, with a CAGR of +21.8%, 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 export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, growing by 35% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Spain

In 2021, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were imported into Spain; picking up by 30% against the previous year's figure. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, 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.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; 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.

Imports by Country

Italy (X units), Germany (X units) and France (X units) were the main suppliers of imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Spain, with a combined 69% share of total imports.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +16.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of hydraulic pump (gear or vane) and other rotary positive displacement pump to Spain, comprising 33% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.6% per year) and France (+15.6% per year).

Import Prices by Country

In 2021, the average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, leveling off at the previous year. In general, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -31.0% against 2016 indices. The growth pace was the most rapid in 2016 when the average import price increased by 34%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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