Spain: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Spain

In 2022, the Spanish adhesive bandage market increased by 29% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption showed a strong expansion. Adhesive bandage consumption peaked in 2022 and is likely to see steady growth in years to come.

Adhesive Bandage Production in Spain

In value terms, adhesive bandage production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 19%. Adhesive bandage production peaked at $X in 2021, and then contracted in the following year.

Adhesive Bandage Exports

Exports from Spain

In 2022, adhesive bandage exports from Spain stood at X tons, with an increase of 5.5% against 2021 figures. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 54% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, adhesive bandage exports rose notably to $X in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for adhesive bandage exports from Spain, with a 40% share of total exports. Moreover, adhesive bandage exports to Germany exceeded the volume sent to the second major destination, Portugal (X tons), threefold. France (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+5.7% per year) and France (-3.7% per year).

In value terms, Germany ($X) remains the key foreign market for adhesive bandages exports from Spain, comprising 38% of total exports. The second position in the ranking was taken by Portugal ($X), with a 12% share of total exports. It was followed by the UK, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+8.6% per year) and the UK (+1.5% per year).

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, picking up by 6.8% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adhesive bandage export price increased by +68.1% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 44%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to France ($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 Slovakia (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Spain

In 2022, adhesive bandage imports into Spain surged to X tons, growing by 22% compared with the previous year's figure. Overall, imports posted resilient growth. The growth pace was the most rapid in 2015 when imports increased by 49%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, adhesive bandage imports skyrocketed to $X in 2022. In general, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Portugal (X tons), China (X tons) and France (X tons) were the main suppliers of adhesive bandage imports to Spain, together accounting for 58% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +52.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and China ($X) appeared to be the largest adhesive bandage suppliers to Spain, together comprising 57% of total imports. The Netherlands, Belgium, Portugal, Italy, the UK, the United States and Mexico lagged somewhat behind, together comprising a further 30%.

In terms of the main suppliers, Portugal, with a CAGR of +40.3%, 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

In 2022, the average adhesive bandage import price amounted to $X per ton, surging by 14% against the previous year. In general, the import price, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2018 an increase of 46% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 UK ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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