Radio remote control apparatus market in Spain

Earlier Report Observations

The market for radio remote control apparatus in Spain experienced significant fluctuations in volume between 2018 and 2023. After starting at 2.2 million units in 2018, it declined to 1.7 million units in 2019, gradually recovered to 2.0 million units by 2021, then dropped sharply to 1.5 million units in 2022 before rebounding to 2.0 million units in 2023.

In value terms, the market showed even greater volatility. The market value fell from 126.5 million US dollars in 2018 to 77.1 million in 2020, surged to 118.3 million in 2021, then collapsed to 52.2 million in 2022. By 2023, it had partially recovered to 61.3 million US dollars, remaining well below the 2021 peak despite volume returning to similar levels.

Production radio remote control apparatus in Spain

In value, 2017-2020, K $ US

In 2020, the output of radio remote control apparatus in Spain was valued at 59 273 K $ US, showing little change from the previous year. Over the period from 2017 to 2020, production decreased by 21.3%, which translates to an annualized rate of 7.7%. The minimum value was recorded in 2019 at 59 234 K $ US, while the maximum was in 2018 at 77 647 K $ US. The largest decline occurred in 2019, with a drop of 23.7%, and the largest increase was in 2018, with a rise of 3.1%.

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

In kind, 2017-2020, K unit

Radio remote control apparatus production in Spain declined for the second consecutive year. In 2020, 1 308 K units were produced, marking a moderate decrease of 9.4% compared to the previous year. From 2017 to 2020, production fell by 22.9%, equating to an annualized rate of 8.3%. The maximum production was recorded in 2018 at 1 919 K units. The largest decline occurred in 2019, with a drop of 24.7%, while the largest increase was in 2018, with a rise of 13.1%.

Annual dynamics of production in Spain in kind, 2017-2020, K unit

Exports radio remote control apparatus from Spain

Exports in kind, K unit

Foreign radio remote control apparatus supplies from Spain increased for the second consecutive year. In 2020, exports reached 520.4 K units, reflecting a strong rise of 11.0% compared to the previous year. Between 2017 and 2020, exports grew by 23.2%, which translates to an annualized rate of 7.2%. The minimum value was recorded in 2018 at 397.9 K units. The largest decline occurred in 2018, with a drop of 5.8%, and the largest increase was in 2019, with a rise of 17.8%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K unit

From 2017 to 2020, exports in kind were distributed across a wide set of partner countries. Germany accounted for 19.4% of exports in kind, France for 10.2%, and Morocco for 10.1%, with these three countries jointly representing just 39.8% 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, M $ US

After a two-year decline, radio remote control apparatus exports from Spain increased. In 2020, export volume totaled 60.3 M $ US, representing a dramatic rise of 56.5% year-over-year. Between 2017 and 2020, exports grew by 30.4%, equating to an annualized rate of 9.2%. The minimum value was recorded in 2019 at 38.5 M $ US. The largest decline occurred in 2018, with a drop of 8.9%.

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

The structure of exports in value terms from 2017 to 2020 can be described as diversified. Germany held 16.2% of exports in value terms, France 11.5%, and Italy 7.1%, with these three countries together accounting for just 34.8% of total flows, and no single country held a clearly dominant position.

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

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

Imports radio remote control apparatus to Spain

Imports in kind, K unit

Radio remote control apparatus imports into Spain increased for the second consecutive year. In 2020, imports stood at 958.4 K units, representing a sudden gain of 35.7% compared to the previous year. Between 2017 and 2020, imports rose by 11.5%, which translates to an annualized rate of 3.7%. The minimum value was recorded in 2018 at 678.0 K units. The largest decline occurred in 2018, with a drop of 21.1%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K unit

Throughout 2017 to 2020, Germany, China, and Italy remained the main markets for imports in kind of radio remote control apparatus to Spain. Germany accounted for 28.3% of imports in kind, China for 16.2%, and Italy for 15.7%, with these three countries jointly taking 60.3% of total 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, M $ US

After a two-year drop, Spain's volume of radio remote control apparatus imports increased. In 2020, imports totaled 78.1 M $ US, up by 0.7% compared to the previous year. Between 2017 and 2020, imports decreased by 22.9%, equating to an annualized rate of 8.3%. The minimum value was recorded in 2019 at 77.6 M $ US. The largest decline occurred in 2019, with a drop of 14.7%.

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

From 2017 to 2020, Germany, Czechia, and China headed the ranking of suppliers of radio remote control apparatus to Spain in value terms. Germany accounted for 47.7% of imports in value terms, Czechia for 16.8%, and China for 10.5%, with their combined share reaching 75.0% of total imports in value terms.

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

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