Spain: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2023

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Spain

For the third year in a row, the Spanish market for machine-tools for working stone, ceramics, and concrete recorded growth in sales value, which increased by 39% to $X in 2021. Over the period under review, consumption showed a modest increase. Machine tools for working stone consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Spain

In value terms, machine tools for working stone production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +109.7% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 37%. Over the period under review, production hit record highs in 2021 and is expected to retain growth in the immediate term.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Spain

For the third consecutive year, Spain recorded decline in shipments abroad of machine-tools for working stone, ceramics, and concrete, which decreased by -29.6% to X units in 2021. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when exports increased by 43%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, machine tools for working stone exports contracted sharply to $X in 2021. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 59% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X units), Morocco (X units) and Germany (X units) were the main destinations of machine tools for working stone exports from Spain, together accounting for 30% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +22.8%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Spain, comprising 27% of total exports. The second position in the ranking was taken by Portugal ($X), with a 10% share of total exports. It was followed by the United States, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-2.0% per year) and the United States (-8.4% per year).

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2021, with an increase of 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The pace of growth appeared the most rapid in 2014 an increase of 39% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Peru ($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 Saudi Arabia (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Spain

In 2021, supplies from abroad of machine-tools for working stone, ceramics, and concrete increased by 58% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 87% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, machine tools for working stone imports soared to $X in 2021. In general, imports posted a prominent increase. The growth pace was the most rapid in 2016 when imports increased by 109%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest machine tools for working stone supplier to Spain, accounting for a 56% share of total imports. Moreover, machine tools for working stone imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Brazil (X units), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.9% per year) and Brazil (+144.9% per year).

In value terms, Italy ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Spain, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Germany, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.8% per year) and Germany (+25.0% per year).

Import Prices by Country

In 2021, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, dropping by -8% against the previous year. Overall, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of 72% against the previous year. The import price peaked at $X per unit in 2020, and then contracted in the following year.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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