Report Update: May 2, 2024

Spain - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

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Silicone Price in Spain - 2023

Silicone Price in Spain (CIF) - 2023

The average silicone import price stood at $5,826 per ton in July 2023, stabilizing at the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 6.7% against the previous month. Over the period under review, average import prices reached the maximum at $6,299 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($8,438 per ton), while the price for China ($3,316 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 France (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Silicone Price in Spain (FOB) - 2023

In July 2023, the average silicone export price amounted to $6,417 per ton, falling by -2.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in January 2023 an increase of 16% m-o-m. The export price peaked at $6,576 per ton in June 2023, and then contracted slightly in the following month.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Greece ($82,913 per ton), while the average price for exports to Belgium ($3,220 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports in Spain

Silicone imports into Spain shrank to 37K tons in 2022, dropping by -12.9% on the previous year. Over the period under review, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports reached the peak of 42K tons, and then shrank in the following year.

In value terms, silicone imports skyrocketed to $236M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Silicone in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	58.1	47.5	62.6	72.6	7.7%
France	46.4	40.6	49.5	52.9	4.5%
China	4.7	3.3	13.5	32.0	89.5%
Netherlands	12.2	14.2	24.9	26.8	30.0%
Belgium	15.9	15.9	18.7	16.9	2.1%
United Kingdom	8.5	6.0	6.3	9.6	4.1%
Italy	7.0	5.5	6.9	7.9	4.1%
Others	15.2	8.0	12.2	17.6	5.0%
Total	168	141	195	236	12.0%

Top Suppliers of Silicone to Spain in 2022:

France (11.3K tons)
Germany (10.6K tons)
China (5.4K tons)
Netherlands (2.6K tons)
Belgium (2.3K tons)
Italy (1.6K tons)
United Kingdom (0.9K tons)

Silicone Exports in Spain

In 2022, after three years of growth, there was significant decline in overseas shipments of silicones (in primary forms), when their volume decreased by -14.6% to 17K tons. The total export volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports reached the peak of 20K tons, and then declined in the following year.

In value terms, silicone exports rose slightly to $92M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 increased by +46.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Silicone in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	11.0	10.9	16.4	16.9	15.4%
France	6.7	6.2	9.8	12.6	23.4%
Italy	5.4	6.0	8.8	11.5	28.7%
United States	7.1	7.6	6.7	6.7	-1.9%
Germany	5.1	5.8	7.7	6.7	9.5%
Poland	1.7	1.7	2.9	3.6	28.4%
Colombia	2.2	2.1	2.9	3.5	16.7%
Mexico	0.8	1.7	3.7	3.4	62.0%
China	2.2	2.4	3.5	2.2	0.0%
Tunisia	0.4	0.1	0.3	1.4	51.8%
Brazil	0.6	1.3	1.9	1.2	26.0%
Others	20.0	18.1	23.7	22.7	4.3%
Total	63.1	63.9	88.2	92.3	13.5%

Top Export Markets for Silicone from Spain in 2022:

Portugal (2.5K tons)
France (2.5K tons)
Italy (2.4K tons)
United States (1.8K tons)
Germany (1.3K tons)
Mexico (0.6K tons)
Colombia (0.6K tons)
Tunisia (0.4K tons)
Poland (0.4K tons)
Brazil (0.3K tons)
China (0.3K tons)

Source: IndexBox Market Intelligence Platform

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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023