Spain: Wood Milling Machine Market 2022

Wood Milling Machine Market Size in Spain

In 2021, after two years of growth, there was significant decline in the Spanish wood milling machine market, when its value decreased by -26.7% to $X. Over the period under review, consumption, however, continues to indicate a modest expansion. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Wood Milling Machine Production in Spain

In value terms, wood milling machine production reduced modestly to $X in 2021 estimated in export price. In general, production, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 31%. Wood milling machine production peaked at $X in 2020, and then declined modestly in the following year.

Wood Milling Machine Exports

Exports from Spain

In 2021, approx. X units of planing, milling or moulding machines were exported from Spain; increasing by 120% against the previous year's figure. Overall, exports saw resilient growth. The growth pace was the most rapid in 2014 when exports increased by 432% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, wood milling machine exports skyrocketed to $X in 2021. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 312%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Portugal (X units), Italy (X units) and the UK (X units) were the main destinations of wood milling machine exports from Spain, together comprising 61% of total exports. These countries were followed by Morocco, France, Mexico, Yemen, Austria and Belarus, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +172.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wood milling machine exported from Spain were the UK ($X), Portugal ($X) and France ($X), together accounting for 65% of total exports. These countries were followed by Italy, Morocco, Mexico, Yemen, Austria and Belarus, which together accounted for a further 17%.

In terms of the main countries of destination, Austria, with a CAGR of +148.7%, saw 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

The average wood milling machine export price stood at $X per unit in 2021, rising by 3.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 107% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Belarus ($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 France (+7.8%), while the prices for the other major destinations experienced a decline.

Wood Milling Machine Imports

Imports into Spain

In 2021, supplies from abroad of planing, milling or moulding machines decreased by -38.8% to X units, falling for the fourth consecutive year after four years of growth. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 122% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, wood milling machine imports shrank notably to $X in 2021. In general, imports saw a pronounced descent. The growth pace was the most rapid in 2016 with an increase of 63% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of wood milling machine imports to Spain, together comprising 79% of total imports. These countries were followed by Belgium, Portugal, Taiwan (Chinese) and Turkey, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +125.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood milling machine suppliers to Spain were Germany ($X), Italy ($X) and China ($X), with a combined 80% share of total imports. These countries were followed by Turkey, Belgium, Taiwan (Chinese) and Portugal, which together accounted for a further 11%.

In terms of the main suppliers, Belgium, with a CAGR of +108.5%, saw the highest growth rate of 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 wood milling machine import price stood at $X per unit in 2021, with an increase of 27% against the previous year. Overall, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 57%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+121.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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