Spain: Particle Board Market 2022

Particle Board Market Size in Spain

The Spanish particle board market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Particle Board Production in Spain

In value terms, particle board production expanded slightly to $X in 2021 estimated in export prices. Overall, production showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. Particle board production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Particle Board Exports

Exports from Spain

In 2021, shipments abroad of particle boards increased by X% to X cubic meters for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, particle board exports surged to $X in 2021. Over the period under review, total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X cubic meters) was the main destination for particle board exports from Spain, accounting for a X% share of total exports. Moreover, particle board exports to Portugal exceeded the volume sent to the second major destination, Peru (X cubic meters), twofold. The UK (X cubic meters) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+X% per year) and the UK (+X% per year).

In value terms, Portugal ($X) remains the key foreign market for particle board exports from Spain, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Portugal totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+X% per year) and France (-X% per year).

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2021, jumping by X% against the previous year. Over the last nine-year period, 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.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Saudi Arabia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into Spain

In 2021, supplies from abroad of particle boards increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, particle board imports soared to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Portugal (X cubic meters), France (X cubic meters) and Germany (X cubic meters) were the main suppliers of particle board imports to Spain, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Germany (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest particle board suppliers to Spain were Portugal ($X), France ($X) and Germany ($X), together accounting for X% of total imports.

Among the main suppliers, Germany, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 particle board import price stood at $X per cubic meter in 2021, picking up by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per cubic meter), while the price for Portugal ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform