Shipping Market Overview in Spain
In value terms, shipping production reduced sharply to $ in 2019 estimated in export prices. Overall, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2008 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2010; however, from 2011 to 2019, production failed to regain the momentum.
The size of the shipping market in Spain fell rapidly to $ in 2019, shrinking 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). In general, consumption saw a noticeable decline. The most prominent rate of growth was recorded in 2010 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2011 to 2019, the growth of the market remained at a lower figure.