Threshing Machinery Market Overview in Spain
Market Overview
In 2019, after two years of growth, there was significant decline in the Spanish threshing machinery market, when its value decreased by -
% to $. In general, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
In value terms, threshing machinery production reduced to $ in 2019 estimated in export prices. Overall, production, however, showed a mild decline. The most prominent rate of growth was recorded in 2008 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2009 to 2019, production growth failed to regain the momentum.
% to $. In general, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.In value terms, threshing machinery production reduced to $
in 2019 estimated in export prices. Overall, production, however, showed a mild decline. The most prominent rate of growth was recorded in 2008 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2009 to 2019, production growth failed to regain the momentum.Consumption
In 2019, consumption of threshing machinery except combine harvester-threshers decreased by -% to tonnes, falling for the fifth year in a row after two years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Threshing machinery consumption peaked at tonnes in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.
The value of the threshing machinery market in Spain dropped to $ in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the market value increased by % against the previous year. Over the period under review, the market reached the maximum level at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
% to tonnes, falling for the fifth year in a row after two years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Threshing machinery consumption peaked at tonnes in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.The value of the threshing machinery market in Spain dropped to $
in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the market value increased by % against the previous year. Over the period under review, the market reached the maximum level at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.Market Forecast
Driven by increasing demand for threshing machinery in Spain, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of threshing machinery in Spain were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for threshing machinery.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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