Spain: Market for Machine Tools For Working Metal Without Removing Metal 2023

Market Size for Machine Tools For Working Metal Without Removing Metal in Spain

The Spanish machine tool for metal market shrank to $X in 2021, waning by -3.4% against the previous year. Over the period under review, consumption, however, posted a prominent increase. Machine tool for metal consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Machine Tools For Working Metal Without Removing Metal in Spain

In value terms, machine tool for metal production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 16%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Spain

In 2021, exports of machine tools for working metal without removing metal from Spain skyrocketed to X units, surging by 34% on the previous year's figure. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 168% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine tool for metal exports surged to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 43%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X units), Germany (X units) and Argentina (X units) were the main destinations of machine tool for metal exports from Spain, with a combined 48% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +61.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Germany ($X) and South Korea ($X) constituted the largest markets for machine tool for metal exported from Spain worldwide, together comprising 45% of total exports. Italy, Poland, Mexico, Brazil, the United States, Argentina, China, Cuba, Saudi Arabia and Qatar lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Argentina, with a CAGR of +57.8%, 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 2021, the average machine tool for metal export price amounted to $X per unit, which is down by -5.2% against the previous year. Over the period under review, the export price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 when the average export price increased by 89%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was South Korea ($X per unit), while the average price for exports to Qatar ($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 (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Spain

In 2021, the amount of machine tools for working metal without removing metal imported into Spain reduced to X units, dropping by -9.7% on the previous year. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 124% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, machine tool for metal imports surged to $X in 2021. In general, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 39% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of machine tool for metal imports to Spain, together accounting for 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +23.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) were the largest machine tool for metal suppliers to Spain, with a combined 70% share of total imports.

Italy, with a CAGR of +14.0%, recorded the highest rates of growth with regard to 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

In 2021, the average machine tool for metal import price amounted to $X per unit, growing by 47% against the previous year. Over the period under review, the import price saw a strong increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 75% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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