Spain - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPassenger Car Price in Spain - 2023
Contents:
- Passenger Car Price in Spain (FOB) - 2023
- Passenger Car Price in Spain (CIF) - 2023
- Passenger Car Exports in Spain
- Passenger Car Imports in Spain
Passenger Car Price in Spain (FOB) - 2023
In July 2023, the average passenger car export price amounted to $18,583 per unit, dropping by -13% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 17% month-to-month. Over the period under review, the average export prices reached the maximum at $21,469 per unit in April 2023; afterwards, it flattened through to July 2023.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Portugal ($24,624 per unit), while the average price for exports to France ($12,185 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Price in Spain (CIF) - 2023
The average passenger car import price stood at $23,292 per unit in July 2023, leveling off at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in January 2023 an increase of 13% m-o-m. The import price peaked in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($30,005 per unit), while the price for Morocco ($15,894 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Passenger Car Exports in Spain
In 2022, shipments abroad of passenger cars decreased by -10.3% to 2M units, falling for the second year in a row after two years of growth. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 114% against the previous year. As a result, the exports attained the peak of 2.5M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, passenger car exports expanded notably to $35.5B in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Passenger Car in Spain (Billion USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
France | 6.7 | 8.0 | 7.3 | 4.4% | |
Germany | 7.6 | 6.8 | 6.4 | -8.2% | |
Italy | 3.8 | 3.2 | 3.4 | -5.4% | |
United Kingdom | 3.8 | 3.3 | 3.3 | -6.8% | |
Belgium | 2.3 | 2.1 | 2.0 | -6.7% | |
Portugal | 1.1 | 0.8 | 0.7 | -20.2% | |
Poland | 0.7 | 0.5 | 0.6 | -7.4% | |
Netherlands | 0.6 | 0.6 | 0.5 | -8.7% | |
Others | 7.8 | 7.7 | 8.5 | 4.4% | |
Total | 34.4 | 33.0 | 32.7 | -2.5% |
Top Export Markets for Passenger Car from Spain in 2022:
- United Kingdom (12.4M units)
- Germany (7.3M units)
- France (5.4M units)
- Portugal (2.4M units)
- Poland (2.1M units)
- Netherlands (1.9M units)
- Italy (1.8M units)
- Belgium (0.9M units)
Passenger Car Imports in Spain
For the fourth year in a row, Spain recorded growth in supplies from abroad of passenger cars, which increased by 56% to 2.1M units in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, passenger car imports surged to $18.8B in 2022. In general, imports, however, continue to indicate a pronounced slump. Imports peaked at $20.9B in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Passenger Car in Spain (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Germany | 6.1 | 4.3 | 4.4 | -15.1% | |
France | 2.5 | 1.4 | 1.5 | -22.5% | |
Czech Republic | 1.3 | 0.9 | 1.3 | 0.0% | |
United Kingdom | 1.7 | 0.7 | 1.0 | -23.3% | |
Italy | 0.8 | 0.6 | 0.6 | -13.4% | |
Poland | 0.5 | 0.3 | 0.3 | -22.5% | |
Others | 8.0 | 5.7 | 6.1 | -12.7% | |
Total | 20.9 | 13.9 | 15.3 | -14.4% |
Top Suppliers of Passenger Car to Spain in 2022:
- Germany (6.3M units)
- France (2.6M units)
- Czech Republic (2.5M units)
- United Kingdom (1.5M units)
- Italy (1.1M units)
- Poland (0.7M units)
This report provides an in-depth analysis of the passenger car market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
- Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
- Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
- Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
- Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
- Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102410 -
- Prodcom 29102430 -
- Prodcom 29102450 -
- Prodcom 29102490 -
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the passenger car market in Spain.
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During the review period, Passenger Car exports reached a peak of 2.5M units in 2016. From 2017 to 2023, exports remained lower. In terms of value, Passenger Car exports rose to $43B in 2023.
Passenger Car exports reached a peak of 221K units in June 2023, and then remained stable until September 2023. In terms of value, the exports of Passenger Cars surged to $3.8B in September 2023.
In January 2023, the price of a passenger car was $20,467 per unit (FOB Spain) - a 4.1% increase from the previous month.
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During the review period, Passenger Car exports reached a peak of 2.5M units in 2016. From 2017 to 2023, exports remained lower. In terms of value, Passenger Car exports rose to $43B in 2023.
Passenger Car exports reached a peak of 221K units in June 2023, and then remained stable until September 2023. In terms of value, the exports of Passenger Cars surged to $3.8B in September 2023.
In January 2023, the price of a passenger car was $20,467 per unit (FOB Spain) - a 4.1% increase from the previous month.
In 2016, the global passenger car imports stood at X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...
In 2016, the global passenger car imports stood at X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...