Spain: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in Spain

In 2022, the Spanish uncoated felt paper market decreased by -24.6% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption saw a deep setback. Uncoated felt paper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Uncoated Felt Paper Exports

Exports from Spain

For the third consecutive year, Spain recorded decline in overseas shipments of uncoated felt paper and paperboard, which decreased by -59.7% to X tons in 2022. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 2,656%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, uncoated felt paper exports contracted markedly to $X in 2022. Overall, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 1,366%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Morocco (X kg) was the main destination for uncoated felt paper exports from Spain, accounting for a 76% share of total exports. Moreover, uncoated felt paper exports to Morocco exceeded the volume sent to the second major destination, Colombia (X kg), more than tenfold. The third position in this ranking was taken by India (X kg), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Morocco totaled -11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+9.1% per year) and India (-19.6% per year).

In value terms, Morocco ($X) remains the key foreign market for uncoated felt paper and paperboard exports from Spain, comprising 67% of total exports. The second position in the ranking was taken by Colombia ($X), with a 16% share of total exports. It was followed by India, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to Morocco totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+36.5% per year) and India (-10.4% per year).

Export Prices by Country

The average uncoated felt paper export price stood at $X per ton in 2022, increasing by 68% against the previous year. In general, the export price saw prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 484% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the Dominican Republic ($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 Saudi Arabia (+556.2%), while the prices for the other major destinations experienced more modest paces of growth.

Uncoated Felt Paper Imports

Imports into Spain

In 2022, approx. X tons of uncoated felt paper and paperboard were imported into Spain; which is down by -32.7% compared with 2021. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 57%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, uncoated felt paper imports contracted significantly to $X in 2022. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2019 with an increase of 62% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of uncoated felt paper to Spain, accounting for a 55% share of total imports. Moreover, uncoated felt paper imports from Italy exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (0.0% per year) and the United States (+112.3% per year).

In value terms, the United States ($X), Italy ($X) and Chile ($X) were the largest uncoated felt paper suppliers to Spain, together comprising 96% of total imports. Poland, Sweden and Portugal lagged somewhat behind, together accounting for a further 2.9%.

Poland, with a CAGR of +84.1%, saw the highest growth rate of the value of imports, among 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 uncoated felt paper import price stood at $X per ton in 2022, increasing by 25% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2014 an increase of 92% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 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 the United States ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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