Dies for drawing or extruding metal market in Spain

Earlier Report Observations

The Spanish market for dies for drawing or extruding metal, measured in value, expanded sharply from 16.6 million dollars in 2020 to 23.9 million dollars in 2021. Growth then leveled off in 2022, with the market size reaching 23.9 million dollars, nearly unchanged from the previous year. Technological advancements that year, including higher drawing speeds, automation, quick-die-change systems, and enhanced lubrication, improved production efficiency and service offerings such as free trials and inventory management programs. These innovations supported market competitiveness during a period of stabilization.

By 2023, the market contracted to 20.4 million dollars. Domestic production followed a similar pattern, rising to 19.6 million dollars in 2021 before declining to 16.5 million dollars in 2023. Trade flows remained substantial throughout the period, with imports steadily increasing from 26.4 million dollars in 2020 to 40.6 million dollars in 2023, while exports recovered from a dip in 2020 to reach 36.7 million dollars in 2023.

The overall market value thus peaked in the 2021-2022 period, influenced by technological improvements, before adjusting downward in 2023.

Production dies for drawing or extruding metal in Spain

In value, 2017-2020, K $ US

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

In kind, 2017-2020, t

Annual dynamics of production in Spain in kind, 2017-2020, t

Exports dies for drawing or extruding metal from Spain

Exports in kind, t

The market exhibited volatility during the observed period. Exports reached their lowest point in 2020, having declined by a factor of 3.7 from their peak in 2017. In 2020, Spain exported 555 tons of dies for drawing or extruding metal, marking a 42.5% decrease compared to 2019. The most significant decline occurred in 2018, at 71.9%, while the largest increase was recorded in 2019, at 66.0%.

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

From 2017 to 2020, China, the United States, and Germany formed the core group of markets for exports in kind. China accounted for 33.8% of exports, the United States for 25.7%, and Germany for 10.8%. Together, these three countries represented 70.3% of total export 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

In 2020, Spain's exports of dies for drawing or extruding metal amounted to 25 507 thousand US dollars, reflecting a 25.9% decline from the previous year. Between 2017 and 2020, exports decreased by 48.4%, equivalent to an annualized rate of 19.8%. The largest decline was recorded in 2018, at 34.9%, while the largest increase occurred in 2019, at 6.9%.

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

From 2017 to 2020, China, the United States, and Germany consistently held leading positions in the value-based export structure. China represented 21.0% of exports in value terms, the United States 19.4%, and Germany 16.5%. Collectively, these three countries accounted for 56.9% of total export 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 dies for drawing or extruding metal to Spain

Imports in kind, t

Spain's imports of dies for drawing or extruding metal declined for the second consecutive year. In 2020, Spain imported approximately 1 146 tons, which is 22.7% less than in 2019. Over the period from 2017 to 2020, imports increased by 13%, with a compound annual growth rate of 4.2%. The highest import volume was recorded in 2018, at 1 532 tons, which also saw the largest increase of 51.1%.

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

From 2017 to 2020, Italy, Portugal, and Belgium were the main sources for Spain's imports of dies for drawing or extruding metal in kind. Italy accounted for 62.9% of imports, Portugal for 13.3%, and Belgium for 5.9%. Together, these three countries absorbed 82.1% of total import flows.

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

Spain's imports of dies for drawing or extruding metal in value terms declined for the second year in a row. In 2020, import volume reached 26 352 thousand US dollars, down by 16.8% compared to 2019. Between 2017 and 2020, imports increased by 9.9%, equating to an annualized rate of 3.2%. The peak value was recorded in 2018, at 31 871 thousand US dollars, which also experienced the largest increase of 33.0%.

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

From 2017 to 2020, Italy, India, and Portugal consistently led in the value-based import structure. Italy represented 53.2% of imports in value terms, India 15.0%, and Portugal 8.1%. Together, these three countries accounted for 76.4% of total import flows.

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

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