Spain: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Spain

In 2022, the Spanish natural rubber and gum market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated a pronounced increase 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, consumption increased by X% against 2019 indices. Natural rubber and gum consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports of Natural Rubber And Gums

Exports from Spain

In 2022, overseas shipments of natural rubber and gums increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, natural rubber and gum exports surged to $X in 2022. In general, exports, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Morocco (X tons) and Italy (X tons) were the main destinations of natural rubber and gum exports from Spain, together accounting for X% of total exports. Portugal, France, Israel, Tunisia and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, 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 United States ($X), Morocco ($X) and Italy ($X) constituted the largest markets for natural rubber and gum exported from Spain worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The average natural rubber and gum export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Morocco ($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 Italy (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Natural Rubber And Gums

Imports into Spain

In 2022, approx. X tons of natural rubber and gums were imported into Spain; growing by X% compared with the year before. Over the period under review, total imports indicated a strong expansion 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 2019 indices. The most prominent rate of growth was recorded in 2014 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.

In value terms, natural rubber and gum imports rose notably to $X in 2022. In general, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Vietnam (X tons), Malaysia (X tons) and Cote d'Ivoire (X tons) were the main suppliers of natural rubber and gum imports to Spain, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Vietnam ($X) and Thailand ($X) appeared to be the largest natural rubber and gum suppliers to Spain, together comprising X% of total imports. Cote d'Ivoire, Germany, Guatemala, Portugal and Cameroon lagged somewhat behind, together comprising a further X%.

Cote d'Ivoire, 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

In 2022, the average natural rubber and gum import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :