Spain - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Wool Price in Spain - 2023
Contents:
- Metal Wool Price in Spain (CIF) - 2023
- Metal Wool Price in Spain (FOB) - 2022
- Metal Wool Imports in Spain
- Metal Wool Exports in Spain
Metal Wool Price in Spain (CIF) - 2023
In July 2023, the average metal wool import price amounted to $6,280 per ton, growing by 29% against the previous month. Overall, the import price, however, recorded a mild downturn. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 128% m-o-m. The import price peaked at $7,192 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($24,451 per ton), while the price for China ($3,577 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the prices for the other major suppliers experienced a decline.
Metal Wool Price in Spain (FOB) - 2022
In 2022, the average metal wool export price amounted to $4,984 per ton, surging by 12% against the previous year. Overall, the export price, however, showed a mild descent. The growth pace was the most rapid in 2018 an increase of 23% against the previous year. As a result, the export price attained the peak level of $7,050 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($21,627 per ton), while the average price for exports to Peru ($870 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Wool Imports in Spain
In 2022, overseas purchases of iron or steel wool were finally on the rise to reach 1.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a perceptible decrease.
In value terms, metal wool imports rose rapidly to $7.1M in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 15%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Metal Wool in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,716 | 2,572 | 3,442 | 3,773 | 11.6% |
| Germany | 1,147 | 1,065 | 917 | 857 | -9.3% |
| Italy | 159 | 141 | 540 | 650 | 59.9% |
| France | 1,044 | 630 | 569 | 531 | -20.2% |
| Portugal | 1,144 | 657 | 592 | 467 | -25.8% |
| Indonesia | 74.2 | 75.3 | 77.2 | 278 | 55.3% |
| Netherlands | 268 | 326 | 75.2 | 130 | -21.4% |
| Others | 175 | 175 | 294 | 380 | 29.5% |
| Total | 6,727 | 5,641 | 6,506 | 7,065 | 1.6% |
Top Suppliers of Metal Wool to Spain in 2022:
- China (781.7 tons)
- Italy (206.0 tons)
- Indonesia (37.4 tons)
- Portugal (33.9 tons)
- France (30.0 tons)
- Germany (24.4 tons)
- Netherlands (20.1 tons)
Metal Wool Exports in Spain
In 2022, shipments abroad of iron or steel wool decreased by -4.7% to 379 tons, falling for the second consecutive year after two years of growth. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 71% against the previous year. As a result, the exports reached the peak of 403 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, metal wool exports totaled $1.9M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
| Export of Metal Wool in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 524 | 528 | 811 | 1,101 | 28.1% |
| Morocco | 22.0 | 100 | 213 | 209 | 111.8% |
| Colombia | 54.4 | 14.3 | 27.4 | 75.6 | 11.6% |
| United States | 51.8 | 198 | 83.0 | 70.9 | 11.0% |
| Mexico | 31.6 | 328 | 142 | 56.4 | 21.3% |
| Israel | 36.3 | 12.3 | 28.7 | 32.9 | -3.2% |
| Peru | N/A | N/A | 1.3 | 21.4 | 1546.2% |
| Others | 523 | 302 | 465 | 323 | -14.8% |
| Total | 1,243 | 1,483 | 1,772 | 1,890 | 15.0% |
Top Export Markets for Metal Wool from Spain in 2022:
- Portugal (216.6 tons)
- Morocco (37.1 tons)
- Peru (24.6 tons)
- Colombia (20.4 tons)
- Mexico (18.7 tons)
- United States (18.1 tons)
- Israel (11.2 tons)
This report provides an in-depth analysis of the metal wool 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 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like
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
-
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
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