Automatic hydraulic or pneumatic regulators market in Spain

Earlier Report Observations

The market for automatic hydraulic or pneumatic regulators in Spain experienced significant fluctuations between 2018 and 2024. It expanded from 77.1 million USD in 2018 to a peak of 98.4 million USD in 2023, but contracted to 90.0 million USD by the end of the period. Domestic production declined steadily from 7.2 million USD to 3.5 million USD, while imports remained the dominant supply source, varying between 76.4 million USD and 108.5 million USD.

In 2023, the market size reached its highest point, driven by a surge in imports to 108.5 million USD. That year, the export structure became highly concentrated, with a Shannon Entropy index of 3.03 indicating dominance by a few key players. By 2024, Spain was the largest European importer by volume, with 1.8 million units, though import values stabilized near 108.0 million USD. A long-term decline in import prices of 6.4% since 2013 and a 10% rise in European production in 2024 increased competitive pressure, coinciding with the market's contraction to 90.0 million USD.

Production automatic hydraulic or pneumatic regulators in Spain

In value, 2017-2020, K $ US

Spain's production of automatic hydraulic or pneumatic regulators declined for the second year in a row. In 2020, output was valued at 4 170 K $ US, marking a sharp 27.9% decrease compared to the previous year. From 2017 to 2020, production fell by 38.3%, which translates to an average annual decline of 14.9%. The peak was reached in 2018 at 7 212 K $ US, with the largest year-over-year increase of 6.7% also occurring that year.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

Exports automatic hydraulic or pneumatic regulators from Spain

Exports in kind, t

The market showed an unstable trend over the period. Exports reached their lowest point in 2019 at 48 t and peaked in 2017, with a 3.2-fold difference between these years. In 2020, exports from Spain stood at 111 t, representing a significant 131.3% increase compared to 2019. The largest decline was recorded in 2019 at 66.2%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, Portugal, Italy, and Russia were the core markets for exports in kind from Spain. Portugal accounted for 64.7% of exports, Italy for 7.9%, and Russia for 4.0%, together making up 76.6% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

The market exhibited volatility during the observed period. Exports hit their lowest point in 2019 at 3 135 K $ US and peaked in 2017, with a 2.2-fold change between these years. In 2020, exports from Spain amounted to 5 668 K $ US, showing a sharp 80.8% year-over-year rise. The largest decline occurred in 2019 at 52.4%.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

Between 2017 and 2020, the leading destinations for exports in value terms from Spain were Portugal, the United States, and Germany. Portugal held 66.5% of exports, the United States 5.4%, and Germany 4.6%, collectively accounting for 76.5% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports automatic hydraulic or pneumatic regulators to Spain

Imports in kind, t

In 2020, Spain's imports of automatic hydraulic or pneumatic regulators totaled 1 956 t, down 19.9% from the previous year. From 2017 to 2020, imports decreased by 13.2%, with an average annual decline of 4.6%. The lowest value was recorded in 2018 at 1 867 t, while the peak was in 2019 at 2 440 t. The largest increase occurred in 2019 at 30.7%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

Over the 2017–2020 period, France and Germany were the main sources for imports in kind, together accounting for 92.3% of total flows, with the remaining share distributed among other markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

In 2020, Spain's imports of automatic hydraulic or pneumatic regulators were valued at 77 148 K $ US, a 17.0% drop compared to the previous year. From 2017 to 2020, imports fell by 6.9%, with an average annual decrease of 2.3%. The minimum value was in 2018 at 76 445 K $ US, and the maximum was in 2019 at 92 946 K $ US. The largest increase was recorded in 2019 at 21.6%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

Throughout 2017–2020, France and Germany remained the key partners for imports in value terms, with a combined share of 93.6% of total flows; other partners made up the remainder.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020