Spain: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Spain

The Spanish azo- or azoxy-compounds market soared to $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Production in Spain

In value terms, azo- or azoxy-compounds production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Azo- Or Azoxy-Compounds Exports

Exports from Spain

After five years of growth, overseas shipments of diazo-, azo- or azoxy-compounds decreased by X% to X tons in 2022. Over the period under review, exports, however, showed tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, azo- or azoxy-compounds exports dropped remarkably to $X in 2022. In general, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

Belgium (X tons), France (X tons) and the United States (X tons) were the main destinations of azo- or azoxy-compounds exports from Spain, together accounting for X% of total exports. Germany, Poland, Luxembourg, Italy, Israel, Hungary, Russia, the Netherlands and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and the United States ($X) constituted the largest markets for azo- or azoxy-compounds exported from Spain worldwide, together accounting for X% of total exports. Germany, Poland, Luxembourg, Italy, Hungary, Israel, Russia, the Netherlands and Ukraine lagged somewhat behind, together comprising a further X%.

Israel, with a CAGR of X.3%, 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 azo- or azoxy-compounds export price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and the United States ($X per ton), while the average price for exports to Ukraine ($X per ton) and Luxembourg ($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 Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Azo- Or Azoxy-Compounds Imports

Imports into Spain

In 2022, imports of diazo-, azo- or azoxy-compounds into Spain dropped slightly to X tons, with a decrease of X% against the previous year's figure. In general, total imports indicated moderate 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then fell modestly in the following year.

In value terms, azo- or azoxy-compounds imports reached $X in 2022. Over the period under review, total imports indicated a tangible expansion 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 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest azo- or azoxy-compounds supplier to Spain, with a X% share of total imports. Moreover, azo- or azoxy-compounds imports from Indonesia exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. 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 Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of diazo-, azo- or azoxy-compounds to Spain, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

Import Prices by Country

The average azo- or azoxy-compounds import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 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 the Netherlands ($X per ton), while the price for Indonesia ($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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