Spain - Polyurethanes In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Polyurethane Prices in Spain Achieve New Peak at $5,622 per Ton
Spain Polyurethanes Export Price in November 2022
In November 2022, the polyurethanes price amounted to $5,622 per ton (FOB, Spain), growing by 6% against the previous month. Over the period from January 2022 to November 2022, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in June 2022 when the average export price increased by 13% m-o-m. Over the period under review, the average export prices reached the maximum in November 2022.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($8,385 per ton), while the average price for exports to Colombia ($4,185 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Spain Polyurethanes Exports
In November 2022, exports of polyurethanes in primary forms from Spain shrank to 4.7K tons, waning by -8.9% compared with October 2022. Over the period under review, exports saw a slight decline. The most prominent rate of growth was recorded in September 2022 when exports increased by 17% against the previous month. The exports peaked at 7.1K tons in May 2022; however, from June 2022 to November 2022, the exports failed to regain momentum.
In value terms, polyurethanes exports declined slightly to $26M (IndexBox estimates) in November 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 with an increase of 20% against the previous month. Over the period under review, the exports hit record highs at 34K tons in May 2022; however, from June 2022 to November 2022, the exports failed to regain momentum.
Spain Polyurethanes Exports by Country
Italy (705 tons), Germany (565 tons), and the United States (532 tons) were the main destinations of polyurethanes exports from Spain, with a combined 38% share of total exports. These countries were followed by Portugal, China, the Netherlands, France, Poland, Belgium, the UK, Turkey, Brazil, and Colombia, which together accounted for a further 37%.
From January 2022 to November 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for polyurethanes exported from Spain were the United States ($4.5M), Italy ($3.4M) and Germany ($3.1M), together comprising 42% of total exports.
In terms of the main countries of destination, the United States, with a CAGR of +13.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Here is Why Polyurethanes Prices in Spain Hit a New Record of $5,622 per Ton
The price of polyurethanes has hit a new record in Spain, reaching $5,622 per ton. This increase is due to a combination of factors, including high demand from the construction industry and limited supply due to production issues at some key manufacturing facilities.
Polyurethanes are versatile materials that are used in a wide range of products, from insulation and furniture to automotive components and footwear. They are particularly popular in the construction industry, where they are used in insulation and roofing materials.
The high demand for polyurethanes in construction has been driven by the increase in construction projects across Spain in recent years. This has put pressure on manufacturers to increase production, but some have encountered difficulties, including supply chain disruptions and raw material shortages.
At the same time, there has been an increase in demand for polyurethanes from other sectors, including the automotive industry. This has put additional pressure on supply, exacerbating the price increases.
Industry experts predict that the price of polyurethanes is likely to remain high in the short term, due to the ongoing supply chain issues. However, they are hopeful that the situation will improve as manufacturers work to resolve production issues and increase supply to meet demand.
This report provides an in-depth analysis of the polyurethanes market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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