Spain: Inductor Market 2024

Inductor Market Size in Spain

In 2022, the Spanish inductor market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted significant growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Inductor Production in Spain

In value terms, inductor production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Inductor Exports

Exports from Spain

In 2022, shipments abroad of inductors was finally on the rise to reach X units after two years of decline. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, inductor exports dropped to $X in 2022. Overall, total exports indicated a perceptible 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 most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X units), India (X units) and Portugal (X units) were the main destinations of inductor exports from Spain, together accounting for X% of total exports. Germany, Hungary, Morocco, Chile, Italy, France, Brazil, China, Mexico and El Salvador lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Hungary ($X) and France ($X) constituted the largest markets for inductor exported from Spain worldwide, with a combined X% share of total exports. Mexico, Germany, Italy, Portugal, India, Brazil, Chile, China, Poland and El Salvador lagged somewhat behind, together accounting for a further X%.

El Salvador, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average inductor export price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Inductor Imports

Imports into Spain

In 2022, after three years of decline, there was significant growth in purchases abroad of inductors, when their volume increased by X% to X units. Overall, imports showed a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, inductor imports rose notably to $X in 2022. In general, imports showed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and India (X units) were the main suppliers of inductor imports to Spain, together comprising X% of total imports. Italy, Belgium, Morocco, Austria, Turkey, Bulgaria, the Netherlands and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Morocco ($X) were the largest inductor suppliers to Spain, together comprising X% of total imports. Italy, the Netherlands, India, France, Austria, Belgium, Bulgaria and Turkey lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average inductor import price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price saw a pronounced downturn. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Netherlands ($X per unit), while the price for Turkey (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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