Market research

Tools for milling market in Spain

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for milling tools in Spain experienced a decline from $51 million in 2018 to a low of $38 million in 2020, followed by a steady recovery reaching $50 million by 2023. The overall trend showed a contraction and subsequent rebound in market value over this period.

A significant expansion occurred in 2024, with the market size jumping to $64 million. This growth was primarily driven by the increased adoption of CNC milling machines and precision machining automation in manufacturing, which raised demand for advanced cutting tools. Furthermore, the Spanish automotive sector's need for high-precision tools for engine and chassis production provided sustained market demand.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Spain
  1. 5.1.1. In kind, 2018-2024, t
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Spain by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Spain by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production milling tools in Spain

In value, 2017-2020, K $ US

Spain's production of milling tools declined for the third consecutive year. In 2020, output was valued at 24 527 thousand US dollars, marking a significant decrease of 13.1% compared to 2019. From 2017 to 2020, production fell by 22.7%, which translates to an annualized decline rate of 8.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.0%)	(10.1%)	(13.1%)	(8.2%)

Source: SHEV.io

In kind, 2017-2020, t

Spain's production of milling tools declined for the second consecutive year. In 2020, the country produced 382.2 tonnes, representing a sharp year-on-year drop of 15.8%. Over the period from 2017 to 2020, production decreased by 16.6%, with a compound annual growth rate (CAGR) of -5.9%. The highest production level was recorded in 2018 at 475.0 tonnes, which also saw the largest increase of 3.6% that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.6%	(4.4%)	(15.8%)	(5.9%)

Source: SHEV.io

Exports milling tools from Spain

Exports in kind, t

Spain's exports of milling tools increased for the third consecutive year. In 2020, exports reached 653 tonnes, up by 48.2% from 2019. From 2017 to 2020, exports grew by 296.9%, with a compound annual growth rate (CAGR) of 58.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.7%	163.3%	48.2%	58.3%

Source: SHEV.io

From 2017 to 2020, Portugal, Germany, and France remained the top buyers of milling tools from Spain. Portugal accounted for 47.1% of exports in kind, Germany for 13.9%, and France for 12.7%. Together, these three countries represented 73.7% of Spain's total exports in kind during this period.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

After two years of growth, Spain's export value of milling tools declined. In 2020, exports amounted to 17 079 thousand US dollars, a significant decrease of 24.8% compared to 2019. From 2017 to 2020, exports fell by 16.6%, with a compound annual growth rate (CAGR) of -5.9%. The peak value was recorded in 2019 at 22 714 thousand US dollars, which also saw the largest increase of 5.5% that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.2%	5.5%	(24.8%)	(5.9%)

Source: SHEV.io

The market base for Spain's exports in value terms was broad from 2017 to 2020. The Netherlands, Germany, and France were the top destinations, accounting for 17.2%, 15.8%, and 13.5% of exports in value terms, respectively. Together, they represented just 46.5% of total flows, with the remaining 53.5% distributed among numerous other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Imports milling tools to Spain

Imports in kind, t

The market for imports in kind showed an unstable trend over the period. In 2019, imports hit their lowest point at 510 tonnes, marking the largest decline of 38.2% that year. By 2020, imports surged to 1 306 tonnes, a sharp increase of 156.1% compared to 2019. This resulted in a 2.6-fold variation between the minimum in 2019 and the maximum in 2020.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(17.7%)	(38.2%)	156.1%	9.2%

Source: SHEV.io

From 2017 to 2020, Germany, France, and Italy consistently served as the main sources for Spain's imports of milling tools in kind. Germany accounted for 38.0% of imports, France for 35.5%, and Italy for 8.2%. Collectively, these three countries made up 81.6% of total import flows during this timeframe.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Spain's import value of milling tools declined for the third consecutive year. In 2020, imports totaled 17 079 thousand US dollars, down by 21.4% year-on-year. From 2017 to 2020, imports decreased by 26.5%, equating to an annualized decline rate of 9.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.4%)	(4.2%)	(21.4%)	(9.8%)

Source: SHEV.io

From 2017 to 2020, Germany, Italy, and France continued to lead as the main suppliers of milling tools to Spain in value terms. Germany accounted for 34.3% of imports, Italy for 10.1%, and France for 7.5%. Together, these three countries represented 51.9% of Spain's total imports in value terms during this period.

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

Source: SHEV.io

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

Source: SHEV.io