Spain: Expanded Clays Market 2024

Expanded Clays Market Size in Spain

In 2022, the Spanish expanded clays market decreased by X% to $X, falling for the third year in a row after four years of growth. Overall, consumption, however, saw a relatively flat trend pattern. Expanded clays consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Expanded Clays Production in Spain

In value terms, expanded clays production rose significantly to $X in 2022 estimated in export price. The total output 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 growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Expanded Clays Exports

Exports from Spain

In 2022, overseas shipments of exfoliated vermiculite, expanded clays and foamed slag were finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, expanded clays exports skyrocketed to $X in 2022. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

France (X tons) was the main destination for expanded clays exports from Spain, accounting for a X% share of total exports. Moreover, expanded clays exports to France exceeded the volume sent to the second major destination, Portugal (X tons), fivefold. Azerbaijan (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for expanded clays exported from Spain were Belgium ($X), Portugal ($X) and France ($X), together accounting for X% of total exports. Azerbaijan, Italy, Aruba, Chile, Morocco, Turkey, Greece, Macao SAR, Andorra and Romania lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Macao SAR, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average expanded clays export price stood at $X per ton in 2022, falling by X% against the previous year. In general, export price indicated modest growth 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, expanded clays export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 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 ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

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

Expanded Clays Imports

Imports into Spain

In 2022, overseas purchases of exfoliated vermiculite, expanded clays and foamed slag decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports showed a pronounced reduction. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, expanded clays imports fell to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X tons) constituted the largest expanded clays supplier to Spain, with a X% share of total imports. Moreover, expanded clays imports from Portugal exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

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

In value terms, the Netherlands ($X), Portugal ($X) and Italy ($X) constituted the largest expanded clays suppliers to Spain, with a combined X% share of total imports. Mexico, the UK, India and Norway lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 expanded clays import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated a prominent 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, expanded clays import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the Netherlands ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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