Price for Mineral Substances Not Elsewhere Specified or Included in Spain - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Spain (FOB) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Spain (CIF) - 2022
- Exports of Mineral Substances Not Elsewhere Specified or Included in Spain
- Imports of Mineral Substances Not Elsewhere Specified or Included in Spain
Price for Mineral Substances Not Elsewhere Specified or Included in Spain (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $226 per ton in 2022, growing by 6.1% against the previous year. Overall, the export price, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2017 an increase of 30% against the previous year. Over the period under review, the average export prices reached the peak figure at $292 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($741 per ton), while the average price for exports to Germany ($59 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 Portugal (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mineral Substances Not Elsewhere Specified or Included in Spain (CIF) - 2022
The average import price for mineral substances not elsewhere specified or includeds stood at $334 per ton in 2022, picking up by 16% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mineral substances not elsewhere specified or includeds increased by +38.7% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,210 per ton), while the price for Greece ($90 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mineral Substances Not Elsewhere Specified or Included in Spain
In 2022, exports of mineral substances not elsewhere specified or includeds from Spain contracted to 519K tons, dropping by -6.8% on the year before. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. As a result, the exports reached the peak of 558K tons, and then shrank in the following year.
In value terms, exports of mineral substances not elsewhere specified or includeds dropped to $118M in 2022. The total export value increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of $119M, and then dropped modestly in the following year.
| Export of Mineral Substances Not Elsewhere Specified or Included in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 7.9 | 12.6 | 18.6 | 21.7 | 40.0% |
| Italy | 6.0 | 5.6 | 7.6 | 12.3 | 27.0% |
| Germany | 13.2 | 9.6 | 9.3 | 8.9 | -12.3% |
| Egypt | 8.3 | 6.7 | 7.9 | 8.2 | -0.4% |
| Turkey | 9.9 | 10.4 | 9.7 | 7.9 | -7.2% |
| Brazil | 5.4 | 5.3 | 5.3 | 6.7 | 7.5% |
| Colombia | 3.6 | 2.8 | 5.0 | 5.6 | 15.9% |
| Portugal | 4.4 | 3.1 | 4.2 | 5.5 | 7.7% |
| Morocco | 2.6 | 2.1 | 3.5 | 4.3 | 18.3% |
| France | 4.8 | 4.7 | 7.5 | 4.0 | -5.9% |
| China | 1.3 | 2.1 | 6.1 | 3.2 | 35.0% |
| Poland | 2.8 | 1.7 | 2.7 | 3.0 | 2.3% |
| Others | 24.6 | 23.7 | 31.7 | 26.4 | 2.4% |
| Total | 94.8 | 90.4 | 119 | 118 | 7.6% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Spain in 2022:
- Germany (151.2K tons)
- Italy (102.1K tons)
- France (61.1K tons)
- Mexico (33.8K tons)
- China (24.9K tons)
- Morocco (23.4K tons)
- Portugal (15.4K tons)
- Egypt (13.6K tons)
- Turkey (13.1K tons)
- Poland (12.1K tons)
- Brazil (11.2K tons)
- Colombia (8.7K tons)
Imports of Mineral Substances Not Elsewhere Specified or Included in Spain
In 2022, approx. 188K tons of mineral substances not elsewhere specified or includeds were imported into Spain; rising by 16% on the year before. The total import volume increased at an average annual rate of +11.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of mineral substances not elsewhere specified or includeds soared to $63M in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Mineral Substances Not Elsewhere Specified or Included in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 4.4 | 11.1 | 15.2 | 44.9% |
| Turkey | 4.1 | 3.8 | 5.3 | 5.6 | 11.0% |
| Germany | 3.7 | 2.7 | 5.1 | 5.5 | 14.1% |
| Russia | N/A | 1.0 | 1.4 | 4.7 | 116.8% |
| Italy | 3.7 | 4.6 | 2.5 | 4.6 | 7.5% |
| Mexico | 1.5 | 1.5 | 1.8 | 4.1 | 39.8% |
| Netherlands | 2.2 | 3.3 | 3.6 | 3.4 | 15.6% |
| Canada | 0.7 | 0.7 | 1.1 | 2.3 | 48.7% |
| Uganda | 0.8 | 0.8 | 1.4 | 2.1 | 37.9% |
| South Africa | 1.1 | 1.2 | 1.6 | 1.4 | 8.4% |
| Greece | 1.1 | 0.8 | 1.2 | 1.3 | 5.7% |
| France | 1.4 | 1.1 | 1.6 | 1.1 | -7.7% |
| Others | 9.2 | 6.7 | 8.5 | 11.4 | 7.4% |
| Total | 34.5 | 32.6 | 46.3 | 62.8 | 22.1% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Spain in 2022:
- Turkey (51.9K tons)
- China (37.7K tons)
- Italy (16.0K tons)
- Russia (15.7K tons)
- Greece (14.9K tons)
- Mexico (13.1K tons)
- France (6.0K tons)
- Netherlands (5.8K tons)
- Uganda (5.5K tons)
- Canada (4.8K tons)
- Germany (4.5K tons)
- South Africa (3.4K tons)
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