Spain: Market for Parts Of Harvester And Threshers 2022

Market Size for Parts Of Harvester And Threshers in Spain

The Spanish market for parts of harvester and threshers was estimated at $X in 2021, remaining constant against the previous year. Over the period under review, consumption saw a prominent expansion. Parts of harvester and threshers consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Parts Of Harvester And Threshers in Spain

In value terms, parts of harvester and threshers production amounted to $X in 2021 estimated in export price. In general, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 126%. Parts of harvester and threshers production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Spain

In 2021, the amount of parts of harvester and threshers exported from Spain soared to X units, picking up by 31% against the previous year's figure. In general, exports showed a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by 40%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, parts of harvester and threshers exports surged to $X in 2021. Overall, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +26.2% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units) was the main destination for parts of harvester and threshers exports from Spain, with a 35% share of total exports. Moreover, parts of harvester and threshers exports to France exceeded the volume sent to the second major destination, Portugal (X units), twofold. The third position in this ranking was held by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+7.8% per year) and Germany (+27.8% per year).

In value terms, Portugal ($X), France ($X) and the United States ($X) were the largest markets for parts of harvester and threshers exported from Spain worldwide, together accounting for 53% of total exports. Chile, Germany, Morocco, Russia, Mexico, the UK, Uruguay and Cuba lagged somewhat behind, together comprising a further 24%.

Uruguay, with a CAGR of +44.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2021, the average export price for parts of harvester and threshers amounted to $X per unit, almost unchanged from the previous year. In general, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 19% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Chile ($X per unit), while the average price for exports to Germany ($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 Mexico (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Spain

In 2021, purchases abroad of parts of harvester and threshers increased by 22% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2020 with an increase of 36%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X units) constituted the largest parts of harvester and threshers supplier to Spain, with a 40% share of total imports. Moreover, parts of harvester and threshers imports from France exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Italy (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.7% per year) and Italy (+10.6% per year).

In value terms, the largest parts of harvester and threshers suppliers to Spain were France ($X), Germany ($X) and Italy ($X), with a combined 64% share of total imports. Belgium, the Netherlands, the United States, China, Austria, India and Hungary lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Austria, with a CAGR of +16.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, approximately reflecting the previous year. Overall, the import price, however, saw a pronounced descent. The growth pace was the most rapid in 2016 when the average import price increased by 25% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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