Spain: Abs Copolymers Market 2024

Abs Copolymers Market Size in Spain

In 2021, the Spanish ABS copolymers market decreased by -18% to $X, falling for the third consecutive year after four years of growth. In general, consumption, however, recorded a relatively flat trend pattern. Consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Abs Copolymers Production in Spain

In value terms, ABS copolymers production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Abs Copolymers Exports

Exports from Spain

ABS copolymers exports from Spain surged to X tons in 2021, with an increase of 32% on the year before. Overall, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% 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 attained the peak and are likely to continue growth in the immediate term.

In value terms, ABS copolymers exports soared to $X in 2021. In general, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons), Germany (X tons) and Italy (X tons) were the main destinations of ABS copolymers exports from Spain, together comprising 42% of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +62.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) appeared to be the largest markets for ABS copolymers exported from Spain worldwide, with a combined 46% share of total exports. These countries were followed by Hungary, China, the UK, France, the United States, Turkey, Malaysia, Mexico, Belgium and Hong Kong SAR, which together accounted for a further 38%.

In terms of the main countries of destination, China, with a CAGR of +60.6%, recorded 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

In 2021, the average ABS copolymers export price amounted to $X per ton, with an increase of 28% against the previous year. Overall, the export price, however, recorded a slight shrinkage. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Hong Kong SAR ($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 Belgium (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Abs Copolymers Imports

Imports into Spain

In 2021, the amount of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms imported into Spain amounted to X tons, increasing by 13% compared with 2020. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 86% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, ABS copolymers imports surged to $X in 2021. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 89% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest ABS copolymers supplier to Spain, accounting for a 41% share of total imports. Moreover, ABS copolymers imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.9% per year) and Belgium (+23.1% per year).

In value terms, the largest ABS copolymers suppliers to Spain were Germany ($X), Italy ($X) and Belgium ($X), with a combined 67% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +26.3%, recorded the highest growth rate of 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 ABS copolymers import price stood at $X per ton in 2021, picking up by 16% against the previous year. Overall, the import price, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2019 an increase of 38% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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