Spain: Hydantoin Market 2024

Hydantoin Market Size in Spain

In 2022, the Spanish hydantoin market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, enjoyed buoyant growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Hydantoin Exports

Exports from Spain

In 2022, approx. X tons of hydantoin and its derivatives were exported from Spain; with a decrease of X% against 2021. Overall, exports showed a perceptible reduction. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, hydantoin exports contracted sharply to $X in 2022. Over the period under review, exports, however, showed perceptible growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for hydantoin exports from Spain, with a X% share of total exports. Moreover, hydantoin exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), threefold. 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 to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and China (X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for hydantoin and its derivatives exports from Spain, comprising X% of total exports. The second position in the ranking was taken by France ($X), with an X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average hydantoin export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Egypt ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Hydantoin Imports

Imports into Spain

In 2022, supplies from abroad of hydantoin and its derivatives decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, hydantoin imports reduced to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked 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 hydantoin supplier to Spain, with a X% share of total imports. Moreover, hydantoin imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. India (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Portugal ($X) and India ($X) appeared to be the largest hydantoin suppliers to Spain, together comprising X% of total imports.

Portugal, with a CAGR of X%, saw 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 hydantoin import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, recorded a deep setback. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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