Spain: Sulphonamides Market 2024

Sulphonamides Market Size in Spain

In 2022, the Spanish sulphonamides market increased by X% to $X, rising for the sixth consecutive year after three years of decline. In general, consumption enjoyed a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sulphonamides Production in Spain

In value terms, sulphonamides production amounted to $X in 2022 estimated in export price. In general, the total production indicated a perceptible 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, production increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Sulphonamides production peaked in 2022 and is expected to retain growth in the near future.

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Sulphonamides Exports

Exports from Spain

In 2022, overseas shipments of sulphonamides decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, sulphonamides exports reduced sharply to $X in 2022. Over the period under review, total exports indicated mild growth 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. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X tons), China (X tons) and Germany (X tons) were the main destinations of sulphonamides exports from Spain, together accounting for X% of total exports. France, Canada, the United States, Italy, Poland, Brazil, Belgium, Mexico, India and El Salvador lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Switzerland ($X) and France ($X) appeared to be the largest markets for sulphonamides exported from Spain worldwide, together accounting for X% of total exports. The United States, Italy, Germany, Mexico, Brazil, Canada, Poland, India, Belgium and El Salvador lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, saw the highest growth rate of 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 sulphonamides export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

Sulphonamides Imports

Imports into Spain

Sulphonamides imports into Spain soared to X tons in 2022, increasing by X% compared with 2021 figures. Overall, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphonamides imports dropped rapidly to $X in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, the UK (X tons) constituted the largest sulphonamides supplier to Spain, with a X% share of total imports. Moreover, sulphonamides imports from the UK exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. The third position in this ranking was held by Switzerland (X tons), with a X% share.

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

In value terms, Switzerland ($X) constituted the largest supplier of sulphonamides to Spain, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Switzerland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Singapore (X% per year).

Import Prices by Country

The average sulphonamides import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average 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 Switzerland ($X,633 per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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