Spain: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Spain

The Spanish self-propelled excavating machinery market totaled $X in 2022, therefore, remained relatively stable against the previous year. In general, the total consumption indicated resilient growth 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Self-Propelled Excavating Machinery Production in Spain

In value terms, self-propelled excavating machinery production dropped to $X in 2022 estimated in export price. In general, production, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports from Spain

In 2022, overseas shipments of self-propelled earth moving, excavating machinery were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, self-propelled excavating machinery exports surged to $X in 2022. Over the period under review, exports posted measured growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for self-propelled excavating machinery exports from Spain, accounting for a X% share of total exports. Moreover, self-propelled excavating machinery exports to Belgium exceeded the volume sent to the second major destination, Portugal (X units), twofold. The third position in this ranking was taken by Benin (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Benin (X% per year).

In value terms, the largest markets for self-propelled excavating machinery exported from Spain were Belgium ($X), Portugal ($X) and Benin ($X), together accounting for X% of total exports.

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

In 2022, the average self-propelled excavating machinery export price amounted to $X per unit, waning by X% against the previous year. Overall, export price indicated a noticeable 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, self-propelled excavating machinery export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Germany ($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.

Self-Propelled Excavating Machinery Imports

Imports into Spain

In 2022, purchases abroad of self-propelled earth moving, excavating machinery increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw a strong increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, self-propelled excavating machinery imports skyrocketed to $X in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest self-propelled excavating machinery supplier to Spain, accounting for a X% share of total imports. Moreover, self-propelled excavating machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. China (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

In value terms, Germany ($X), Italy ($X) and China ($X) were the largest self-propelled excavating machinery suppliers to Spain, together comprising X% of total imports. Norway, the United States, the Netherlands, Japan and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the UK, with a CAGR of X%, 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

In 2022, the average self-propelled excavating machinery import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, import price indicated a strong increase 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, self-propelled excavating machinery import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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