Spain: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Spain

The Spanish machine-tool for working metal market declined rapidly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption recorded a abrupt decrease. Machine-tool for working metal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in Spain

In value terms, machine-tool for working metal production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Machine-tool for working metal production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Machine Tools For Working Metal

Exports from Spain

In 2022, approx. X units of machine tools for working metal were exported from Spain; with a decrease of X% on the year before. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports shrank to $X in 2022. Over the period under review, exports showed a deep reduction. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X units), the United States (X units) and Turkey (X units) were the main destinations of machine-tool for working metal exports from Spain, together comprising X% of total exports. Germany, France, the UK, Brazil, Morocco, Italy, Australia, Vietnam, Portugal and India lagged somewhat behind, together comprising a further X%.

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

In value terms, Mexico ($X), the United States ($X) and Turkey ($X) were the largest markets for machine-tool for working metal exported from Spain worldwide, together accounting for X% of total exports. Germany, France, Italy, Australia, Vietnam, India, Morocco, Portugal, the UK and Brazil lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Vietnam, with a CAGR of X%, recorded 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

In 2022, the average machine-tool for working metal export price amounted to $X per unit, rising by X% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price 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, machine-tool for working metal export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Brazil ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Spain

In 2022, after two years of decline, there was growth in purchases abroad of machine tools for working metal, when their volume increased by X% to X units. Overall, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for working metal imports surged to $X in 2022. In general, total imports indicated a slight expansion 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. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of machine-tool for working metal imports to Spain, together accounting for X% of total imports. Germany, the UK, Portugal, France, the United States, Switzerland, South Korea, Taiwan (Chinese) and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), Germany ($X) and the United States ($X) were the largest machine-tool for working metal suppliers to Spain, with a combined X% share of total imports. Turkey, China, France, the UK, Austria, Portugal, Taiwan (Chinese), South Korea and Switzerland lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, recorded the highest growth rate of 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 machine-tool for working metal import price amounted to $X per unit, surging by X% against the previous year. In general, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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