Key Market Indicators
Spain's pump import is predicted to hit 20 million kilograms by 2026, up from 18 million in 2021. This is an annual growth rate of 1.7%. Since 1994, the demand for pumps within the Spanish market has grown 14.2% each year. In 2021, the country ranked 16th, overtaken by South Korea's 18 million kilograms. The United States, Russia and South Africa followed as the top three importers. Exports of pumps from Spain are expected to reach 17 million kilograms by 2026, up from 15 million in 2021. This is a compound annual growth rate of 2%. Since 1994, the supply of pumps from Spain has increased by 2.8% each year. In 2021, the country was 13th, overtaken by South Korea's 15 million kilograms. The Netherlands, Germany and the US followed as the top three exporters.
