Spain: Derivatives Of Hydrocarbons Market 2024

Derivatives Of Hydrocarbons Market Size in Spain

The Spanish derivatives of hydrocarbons market shrank slightly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Derivatives of hydrocarbons consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Derivatives Of Hydrocarbons Exports

Exports from Spain

In 2022, approx. X tons of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups were exported from Spain; jumping by X% on the previous year's figure. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, derivatives of hydrocarbons exports surged to $X in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for derivatives of hydrocarbons exports from Spain, with a X% share of total exports. Moreover, derivatives of hydrocarbons exports to Portugal exceeded the volume sent to the second major destination, Morocco (X tons), more than tenfold. The third position in this ranking was held by Brazil (X tons), with a X% share.

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

In value terms, Portugal ($X) remains the key foreign market for derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups exports from Spain, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average derivatives of hydrocarbons export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Morocco ($X per ton) and Germany ($X per ton), while the average price for exports to Portugal ($X per ton) and Brazil ($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 Morocco (X%), while the prices for the other major destinations experienced mixed trend patterns.

Derivatives Of Hydrocarbons Imports

Imports into Spain

In 2022, derivatives of hydrocarbons imports into Spain contracted to X tons, reducing by X% against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, derivatives of hydrocarbons imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest derivatives of hydrocarbons supplier to Spain, with a X% share of total imports. Moreover, derivatives of hydrocarbons imports from India exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

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

In value terms, the largest derivatives of hydrocarbons suppliers to Spain were India ($X), the United States ($X) and China ($X), with a combined X% share of total imports. Germany lagged somewhat behind, comprising a further X%.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of 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

The average derivatives of hydrocarbons import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a pronounced expansion 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, derivatives of hydrocarbons import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for Germany ($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

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