Spain: Market for Tools, hand; sets, of articles of two or more of the foregoing items 2024

Market Size for Tools, hand; sets, of articles of two or more of the foregoing items in Spain

In 2023, the Spanish market for tools, hand; sets, of articles of two or more of the foregoing itemses increased by X% to $X,841.3B, rising for the third consecutive year after two years of decline. In general, consumption recorded a relatively flat trend pattern. Consumption of peaked at $X,170.5B in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Production of Tools, hand; sets, of articles of two or more of the foregoing items in Spain

In value terms, production of tools, hand; sets, of articles of two or more of the foregoing itemses amounted to $X,530.9B in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production of tools, hand; sets, of articles of two or more of foregoing itemses attained the peak level at $X,089.3B in 2015; however, from 2016 to 2023, production remained at a lower figure.

Exports of Tools, hand; sets, of articles of two or more of the foregoing items

Exports from Spain

In 2023, shipments abroad of tools, hand; sets, of articles of two or more of the foregoing itemses decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, exports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of tools, hand; sets, of articles of two or more of the foregoing itemses fell slightly to $X in 2023. Overall, total exports indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Cuba (X tons) and Portugal (X tons) were the main destinations of exports of tools, hand; sets, of articles of two or more of the foregoing itemses from Spain, with a combined X% share of total exports. The UK, Tanzania, Libya, Mauritania, the Dominican Republic, Italy, France, Gambia, Equatorial Guinea and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Libya (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for tools, hand; sets, of articles of two or more of the foregoing itemses exports from Spain, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and the UK (X% per year).

Export Prices by Country

In 2023, the average export price for tools, hand; sets, of articles of two or more of the foregoing itemses amounted to $X per ton, surging by X% against the previous year. Overall, the export price showed a notable increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Gambia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tools, hand; sets, of articles of two or more of the foregoing items

Imports into Spain

In 2023, purchases abroad of tools, hand; sets, of articles of two or more of the foregoing itemses increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in years to come.

In value terms, imports of tools, hand; sets, of articles of two or more of the foregoing itemses skyrocketed to $X in 2023. Over the period under review, imports, however, showed a mild reduction. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports of tools, hand; sets, of articles of two or more of foregoing itemses attained the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), the United States (X tons) and China (X tons) were the main suppliers of imports of tools, hand; sets, of articles of two or more of the foregoing itemses to Spain, with a combined X% share of total imports. Germany, the Netherlands, Greece, the UK, Italy and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of X.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tools, hand; sets, of articles of two or more of the foregoing items suppliers to Spain were Germany ($X), the United States ($X) and France ($X), with a combined X% share of total imports. China, the Netherlands, the UK, Italy, Taiwan (Chinese) and Greece lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Greece, with a CAGR of X.0%, 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 2023, the average import price for tools, hand; sets, of articles of two or more of the foregoing itemses amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform