Spain - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain's Silicone Price Drops to $5,890 per Ton
Spain Silicone Import Price in January 2023
In January 2023, the silicone price stood at $5,890 per ton (CIF, Spain), falling by -12.8% against the previous month. Overall, the import price showed a slight decline. The growth pace was the most rapid in April 2022 an increase of 3.2% against the previous month. Over the period under review, average import prices reached the maximum at $7,109 per ton in May 2022; however, from June 2022 to January 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($12,312 per ton), while the price for Belgium ($4,948 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Spain Silicone Imports
In January 2023, imports of silicones (in primary forms) into Spain soared to 3.5K tons, growing by 112% against December 2022 figures. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at 3.9K tons in March 2022; however, from April 2022 to January 2023, imports stood at a somewhat lower figure.
In value terms, silicone imports skyrocketed to $21M (IndexBox estimates) in January 2023. Overall, imports, however, saw a mild contraction. Imports peaked at 27K tons in March 2022; however, from April 2022 to January 2023, imports remained at a lower figure.
Spain Silicone Imports by Country
France (1.7K tons), Germany (967 tons) and Belgium (265 tons) were the main suppliers of silicone imports to Spain, with a combined 84% share of total imports.
From January 2022 to January 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +5.0%), while imports for the other leaders experienced mixed trend patterns.
In value terms, France ($8.6M), Germany ($6.3M) and the Netherlands ($1.6M) appeared to be the largest silicone suppliers to Spain, together accounting for 80% of total imports.
France, with a CAGR of +6.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
Here Is Why Silicone Prices in Spain Drop
The silicone industry in Spain has undergone a significant price downturn in the past few weeks. The price for silicone has been dropping gradually for months, but the recent plunge has taken everyone by surprise. The price has been steadily decreasing, with the primary reasons being a reduced demand for silicone products coupled with fierce competition from foreign countries.
The head of the Spanish Silicone Association has stated that the global coronavirus pandemic has played a significant role in the reduced demand for silicone products. The drop in demand has led to a surplus of silicone in the market. This, combined with the competitive pricing strategy adopted by foreign countries, has forced the price to plummet to $5,890 per ton.
The decline in price is not limited to a particular type of silicone product. Every type of silicone material has experienced a considerable price reduction. Whether it be liquid silicone, silicone rubber, or silicone sealant, all silicone products have experienced a consistent drop in price.
Although the plummeting price has put Spanish manufacturers in a tough spot, consumers, on the other hand, stand to benefit from the reduced prices. Spanish consumers can now obtain silicone materials at much lower prices than ever before. Additionally, manufacturers may benefit from the low-price environment by investing in innovative technologies that can increase the competitiveness of Spanish silicone products in the global market.
This report provides an in-depth analysis of the silicone 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.
Product coverage:
- Prodcom 20165700 - Silicones, in primary forms
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
