Spain: Abrasives Market 2024

Abrasives Market Size in Spain

In 2021, the Spanish abrasives market increased by 30% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a noticeable downturn. Abrasives consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Abrasives Production in Spain

In value terms, abrasives production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Abrasives Exports

Exports from Spain

In 2021, shipments abroad of abrasives (natural) increased by 103% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, abrasives exports skyrocketed to $X in 2021. In general, exports continue to indicate a mild expansion. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Morocco (X tons), France (X tons) and the United States (X tons) were the main destinations of abrasives exports from Spain, together comprising 83% of total exports. Brazil, Gibraltar, Jordan, Portugal, the United Arab Emirates and Cuba lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +84.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for abrasives exported from Spain were Morocco ($X), the United States ($X) and France ($X), with a combined 59% share of total exports. The United Arab Emirates, Jordan, Brazil, Gibraltar, Portugal and Cuba lagged somewhat behind, together comprising a further 33%.

Jordan, with a CAGR of +119.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 abrasives export price stood at $X per ton in 2021, jumping by 31% against the previous year. Overall, the export price, however, showed a drastic downturn. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Abrasives Imports

Imports into Spain

In 2021, imports of abrasives (natural) into Spain skyrocketed to X tons, with an increase of 36% against 2020 figures. In general, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 85% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, abrasives imports surged to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and Italy (X tons) were the main suppliers of abrasives imports to Spain, together comprising 74% of total imports. Greece, Germany, the United Arab Emirates and Australia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +201.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Germany ($X) constituted the largest abrasives suppliers to Spain, together comprising 69% of total imports. Italy, Greece, the United Arab Emirates and Australia lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Greece, with a CAGR of +117.4%, saw 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

In 2021, the average abrasives import price amounted to $X per ton, with an increase of 26% against the previous year. Overall, the import price showed pronounced growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 132% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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