Spain: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in Spain

In 2022, the Spanish paperboard case material market increased by 5.6% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Paperboard Case Material Production in Spain

In value terms, paperboard case material production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 28%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Paperboard Case Material Exports

Exports from Spain

In 2022, shipments abroad of paperboard case materials decreased by -26.8% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 47%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, paperboard case material exports shrank to $X in 2022. Over the period under review, total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.6% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 47%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Portugal (X tons) was the main destination for paperboard case material exports from Spain, accounting for a 29% share of total exports. Moreover, paperboard case material exports to Portugal exceeded the volume sent to the second major destination, Algeria (X tons), twofold. The third position in this ranking was held by France (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (-1.8% per year) and France (-10.9% per year).

In value terms, Portugal ($X) remains the key foreign market for paperboard case materials exports from Spain, comprising 30% of total exports. The second position in the ranking was taken by Algeria ($X), with a 13% share of total exports. It was followed by France, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal totaled +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+2.1% per year) and France (-6.6% per year).

Export Prices by Country

The average paperboard case material export price stood at $X per ton in 2022, growing by 24% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paperboard case material export price increased by +88.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 51% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and France ($X per ton), while the average price for exports to Turkey ($X per ton) and Tunisia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Paperboard Case Material Imports

Imports into Spain

In 2022, overseas purchases of paperboard case materials increased by 3.1% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, paperboard case material imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 39%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

France (X tons), Finland (X tons) and Germany (X tons) were the main suppliers of paperboard case material imports to Spain, with a combined 55% share of total imports. Portugal, the United States, Sweden and Italy lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Finland ($X) and Germany ($X) appeared to be the largest paperboard case material suppliers to Spain, together accounting for 53% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +10.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average paperboard case material import price amounted to $X per ton, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 an increase of 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($X per ton) and Portugal ($X per ton), while the price for Germany ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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