Spain: Market for Industrial Automatic Sewing Machines 2024

Market Size for Industrial Automatic Sewing Machines in Spain

In 2022, the Spanish industrial automatic sewing machine market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, enjoyed a tangible increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Industrial Automatic Sewing Machines in Spain

In value terms, industrial automatic sewing machine production declined markedly to $X in 2022 estimated in export price. In general, production, however, recorded a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then contracted rapidly in the following year.

Exports of Industrial Automatic Sewing Machines

Exports from Spain

In 2022, approx. X units of industrial automatic sewing machines were exported from Spain; picking up by X% against the previous year's figure. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, industrial automatic sewing machine exports surged to $X in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Portugal (X units), Morocco (X units) and Italy (X units) were the main destinations of industrial automatic sewing machine exports from Spain, together accounting for X% of total exports. France, Poland, Denmark, the United States, Brazil, Germany, the Netherlands, Singapore, the UK and Guatemala lagged somewhat behind, together accounting for a further X%.

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

In value terms, Portugal ($X), the United States ($X) and Morocco ($X) appeared to be the largest markets for industrial automatic sewing machine exported from Spain worldwide, together comprising X% of total exports. Italy, Brazil, France, the Netherlands, Poland, Denmark, Germany, Singapore, the UK and Guatemala lagged somewhat behind, together accounting for a further X%.

The Netherlands, 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

In 2022, the average industrial automatic sewing machine export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price showed a slight decline. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

Imports of Industrial Automatic Sewing Machines

Imports into Spain

In 2022, supplies from abroad of industrial automatic sewing machines decreased by X% to X units, falling for the second year in a row after three years of growth. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, industrial automatic sewing machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial automatic sewing machine to Spain, with a X% share of total imports. Moreover, industrial automatic sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, the largest industrial automatic sewing machine suppliers to Spain were Portugal ($X), Germany ($X) and China ($X), together comprising X% of total imports.

Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial automatic sewing machine import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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