Vices and clamps market in Spain

Earlier Report Observations

The Spanish market for vices and clamps demonstrated significant volatility in value from 2018 to 2024. After a period of relative stability in 2018 and 2019, the market contracted sharply in 2020. A powerful rebound followed in 2021, with the market value soaring to $13.6 million, driven by simultaneous surges in domestic production and imports. This peak was short-lived, however, as the market value nearly halved in 2022 due to a massive outflow of goods via exports, which exceeded the combined growth in production and imports.

The market recovered strongly in 2023, reaching $12.5 million, and then stabilized at a similar level in 2024. Throughout this period, the broader industrial tools and fastener sector in Spain saw developments, including in 2022 when the market for self-drilling screws was characterized by the presence of specialized suppliers with extensive product ranges. Companies like Prince Fastener reinforced the national industry's reputation, indicating a trend toward more specialized supply chains within the related hardware sector.

Production vices and clamps in Spain

In value, 2017-2020, K $ US

Production of vices and clamps in Spain has increased for the third consecutive year. In 2020, output was valued at 13 065 K $ US, marking a 0.6% rise compared to the previous year. Over the period from 2017 to 2020, production grew by 14.4%, with a compound annual growth rate (CAGR) of 4.6%.

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

In kind, 2017-2020, t

Spain's production of vices and clamps in physical terms declined for the second consecutive year. In 2020, 1 639 tonnes were produced, representing a moderate decrease of 3.9% from 2019. Between 2017 and 2020, overall production increased by 8.2%, equating to an annualized growth rate of 2.7%. The highest output was recorded in 2018 at 1 778 tonnes, with the largest increase that year of 17.4%. In contrast, the most significant decline occurred in 2019, dropping by 4.1%.

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

Exports vices and clamps from Spain

Exports in kind, t

In 2020, Spain's export volume of vices and clamps reached 1 623 tonnes, showing a significant gain of 12.3% compared to 2019. Over the period from 2017 to 2020, exports increased by 14.5%, with a CAGR of 4.6%. The peak export volume was recorded in 2018 at 1 682 tonnes, which also saw the largest increase of 18.7%. The most notable decline occurred in 2019, falling by 14.1%.

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

From 2017 to 2020, the main destinations for Spain's exports of vices and clamps in physical terms were France, Italy, and Germany. France accounted for 36.5% of exports, Italy for 8.3%, and Germany for 7.9%. Together, these three countries represented 52.7% 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, the value of vices and clamps exports from Spain stood at 11 877 K $ US, up by 13.7% compared to the previous year. Over the period from 2017 to 2020, exports increased by 37.8%, with a CAGR of 11.3%. The largest increase was recorded in 2018 at 22.3%, while the most significant decline occurred in 2019, dropping by 0.9%.

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

From 2017 to 2020, France, Germany, and Italy remained the leading destinations for Spain's exports of vices and clamps in value terms. France accounted for 35.8% of exports, Germany for 12.3%, and Italy for 6.0%. Combined, these three countries made up 54.1% 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 vices and clamps to Spain

Imports in kind, t

After a two-year uptick, Spain's imports of vices and clamps in physical terms declined. In 2020, imports totaled 1 060 tonnes, showing a strong year-on-year fall of 23.0%. Over the period from 2017 to 2020, imports decreased by 19.7%, with a CAGR of -7.0%. The highest import volume was recorded in 2019 at 1 376 tonnes, while the largest increase occurred in 2018, rising by 3.1%.

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

From 2017 to 2020, China, India, and Germany were the principal suppliers of vices and clamps to Spain in physical terms. China accounted for 50.8% of imports, India for 12.7%, and Germany for 7.8%. Together, these three countries represented 71.3% 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

After a two-year uptick, foreign supplies of vices and clamps to Spain declined. In 2020, imports registered 7 579 K $ US, down by 5.3% compared to 2019. Between 2017 and 2020, imports increased by 22.2%, equating to an annualized growth rate of 6.9%. The peak import value was recorded in 2019 at 8 002 K $ US, with the largest increase occurring in 2018 at 25.4%.

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

From 2017 to 2020, China, Germany, and Asia, not elsewhere specified, remained the leading sources for Spain's imports of vices and clamps in value terms. China accounted for 33.2% of imports, Germany for 20.1%, and Asia, not elsewhere specified, for 10.9%. Combined, these three sources made up 64.2% 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