Spain: Plaster Article Market 2024

Plaster Article Market Size in Spain

The Spanish plaster article market skyrocketed to $X in 2021, rising by 33% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.4% against 2019 indices. Plaster article consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Plaster Article Production in Spain

In value terms, plaster article production soared to $X in 2021 estimated in export price. In general, production showed a resilient expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Plaster Article Exports

Exports from Spain

In 2021, approx. X tons of articles of plaster or of compositions based on plaster were exported from Spain; jumping by 59% on 2020. Overall, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plaster article exports skyrocketed to $X in 2021. In general, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for plaster article exports from Spain, accounting for a 50% share of total exports. Moreover, plaster article exports to France exceeded the volume sent to the second major destination, Portugal (X tons), fivefold. The UK (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+8.5% per year) and the UK (+213.8% per year).

In value terms, France ($X) remains the key foreign market for plaster article exports from Spain, comprising 46% of total exports. The second position in the ranking was taken by Portugal ($X), with a 12% share of total exports. It was followed by Switzerland, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+5.4% per year) and Switzerland (+199.0% per year).

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 21%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Germany ($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 Brazil (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.

Plaster Article Imports

Imports into Spain

For the third consecutive year, Spain recorded growth in overseas purchases of articles of plaster or of compositions based on plaster, which increased by 63% to X tons in 2021. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 83%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, plaster article imports surged to $X in 2021. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 47% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of plaster article to Spain, with a 45% share of total imports. Moreover, plaster article imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was held by Portugal (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+20.1% per year) and Portugal (-2.5% per year).

In value terms, Italy ($X), Turkey ($X) and France ($X) constituted the largest plaster article suppliers to Spain, together accounting for 62% of total imports. These countries were followed by Germany, Portugal, the Czech Republic and China, which together accounted for a further 29%.

Among the main suppliers, the Czech Republic, with a CAGR of +80.1%, recorded 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

The average plaster article import price stood at $X per ton in 2021, reducing by -14.4% against the previous year. In general, the import price recorded a pronounced reduction. The growth pace was the most rapid in 2019 when the average import price increased by 22%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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