Spain: Wood Barrel Market 2024

Wood Barrel Market Size in Spain

The Spanish wood barrel market shrank to $X in 2022, reducing by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Wood barrel consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Wood Barrel Production in Spain

In value terms, wood barrel production declined sharply to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Wood barrel production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Wood Barrel Exports

Exports from Spain

In 2022, the amount of casks, barrels, vats, tubs, and coopers products of wood exported from Spain soared to X units, increasing by X% compared with the previous year's figure. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its volume 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, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, wood barrel exports expanded notably to $X in 2022. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X units) was the main destination for wood barrel exports from Spain, with a X% share of total exports. Moreover, wood barrel exports to the UK exceeded the volume sent to the second major destination, France (X units), fivefold. Japan (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Japan (X% per year).

In value terms, the UK ($X) remains the key foreign market for casks, barrels, vats, tubs, and coopers products of wood exports from Spain, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and France (X% per year).

Export Prices by Country

The average wood barrel export price stood at $X per unit in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

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

Wood Barrel Imports

Imports into Spain

After two years of decline, supplies from abroad of casks, barrels, vats, tubs, and coopers products of wood increased by X% to X units in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, wood barrel imports expanded rapidly to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X units), France (X units) and the UK (X units) were the main suppliers of wood barrel imports to Spain, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood barrel suppliers to Spain were France ($X), the United States ($X) and Romania ($X), with a combined X% share of total imports. These countries were followed by the UK, which accounted for a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood barrel import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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