Spain: Market for Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives 2024

Market Size for Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives in Spain

In 2022, the Spanish market for acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives was finally on the rise to reach $X after two years of decline. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives in Spain

In value terms, production of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives totaled $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives

Exports from Spain

For the third consecutive year, Spain recorded growth in shipments abroad of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives, which increased by X% to X tons in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives rose modestly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), the United States (X tons) and Switzerland (X tons) were the main destinations of exports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives from Spain, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Switzerland ($X) and France ($X) constituted the largest markets for acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives exported from Spain worldwide, with a combined X% share of total exports. The Netherlands, Singapore, China, Japan, Germany, the UK, Italy, Mexico and Portugal lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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 Japan ($X per ton), while the average price for exports to Portugal ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives

Imports into Spain

In 2022, supplies from abroad of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt decline. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives soared to $X in 2022. In general, imports, however, continue to indicate a perceptible downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives supplier to Spain, accounting for a X% share of total imports. Moreover, imports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, the largest acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives suppliers to Spain were Germany ($X), Belgium ($X) and China ($X), with a combined X% share of total imports. The Netherlands lagged somewhat behind, comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% 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 acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform