Spain: Antimony Oxides Market 2024

Antimony Oxides Market Size in Spain

The Spanish antimony oxides market skyrocketed to $X in 2022, jumping by 97% against the previous year. Over the period under review, consumption, however, showed a mild contraction. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Antimony Oxides Production in Spain

In value terms, antimony oxides production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 30%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Antimony Oxides Exports

Exports from Spain

In 2022, exports of antimony oxides from Spain dropped remarkably to X tons, shrinking by -20.8% on the previous year's figure. Overall, exports, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2018 when exports increased by 215%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, antimony oxides exports reached $X in 2022. Over the period under review, exports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 227%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons) was the main destination for antimony oxides exports from Spain, accounting for a 57% share of total exports. Moreover, antimony oxides exports to France exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was taken by Portugal (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.5% per year) and Portugal (+15.8% per year).

In value terms, France ($X), Italy ($X) and Portugal ($X) were the largest markets for antimony oxides exported from Spain worldwide, together comprising 92% of total exports.

Among the main countries of destination, Portugal, with a CAGR of +16.2%, 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

The average antimony oxides export price stood at $X per ton in 2022, increasing by 29% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 58% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and Portugal ($X per ton), while the average price for exports to France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Antimony Oxides Imports

Imports into Spain

In 2022, overseas purchases of antimony oxides increased by 8.6% to X tons, rising for the second consecutive year after three years of decline. Overall, imports recorded a notable increase. The most prominent rate of growth was recorded in 2015 with an increase of 145% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, antimony oxides imports surged to $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 70%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Italy (X tons) and Belgium (X tons) were the main suppliers of antimony oxides imports to Spain, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +83.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest antimony oxides suppliers to Spain were France ($X), Belgium ($X) and Italy ($X), together comprising 93% of total imports.

Italy, with a CAGR of +72.1%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average antimony oxides import price amounted to $X per ton, with an increase of 20% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 38% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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