Spain: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Spain

In 2023, after two years of growth, there was significant decline in the Spanish compound plasticisers market, when its value decreased by X% to $X. Overall, the total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Compound Plasticisers Production in Spain

In value terms, compound plasticisers production fell remarkably to $X in 2023 estimated in export price. In general, production continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

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Compound Plasticisers Exports

Exports from Spain

Compound plasticisers exports from Spain rose sharply to X tons in 2023, increasing by X% on 2022. Overall, total exports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked in 2023 and are likely to continue growth in years to come.

In value terms, compound plasticisers exports expanded to $X in 2023. In general, exports saw a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are likely to see gradual growth in the near future.

Exports by Country

France (X tons), Romania (X tons) and Turkey (X tons) were the main destinations of compound plasticisers exports from Spain, together accounting for X% of total exports.

From 2012 to 2023, 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 largest markets for compound plasticisers exported from Spain were Romania ($X), France ($X) and Turkey ($X), with a combined X% share of total exports. Germany, Italy, Morocco, Belgium, Egypt, the UK and Portugal lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Egypt, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average compound plasticisers export price amounted to $X per ton, shrinking by X% against the previous year. In general, export price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, compound plasticisers export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Compound Plasticisers Imports

Imports into Spain

In 2023, compound plasticisers imports into Spain rose significantly to X tons, growing by X% against 2022. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, compound plasticisers imports rose notably to $X in 2023. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Germany (X tons) constituted the largest compound plasticisers supplier to Spain, with a X% share of total imports. Moreover, compound plasticisers imports from Germany exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Belgium (X% per year).

In value terms, Germany ($X) constituted the largest supplier of compound plasticisers for rubber or plastics to Spain, comprising X% of total imports. The second position in the ranking was taken by Portugal ($X), with a X% share of total imports. It was followed by Belgium, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2023, the average compound plasticisers import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2023, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform