Spain: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Spain

The Spanish base metal clasp market expanded modestly to $X in 2022, picking up by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Base Metal Clasp Production in Spain

In value terms, base metal clasp production totaled $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level in 2022 and is likely to see steady growth in the near future.

Base Metal Clasp Exports

Exports from Spain

In 2022, the amount of articles such as clasps, frames with clasps, parts of base metal exported from Spain expanded sharply to X tons, picking up by X% on 2021. In general, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, base metal clasp exports reduced notably to $X in 2022. Over the period under review, exports, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Morocco (X tons) was the main destination for base metal clasp exports from Spain, accounting for a X% share of total exports. Moreover, base metal clasp exports to Morocco exceeded the volume sent to the second major destination, Portugal (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Morocco amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and the United States (X% per year).

In value terms, Morocco ($X) remains the key foreign market for articles such as clasps, frames with clasps, parts of base metal exports from Spain, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with an X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Morocco stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Mexico (X% per year).

Export Prices by Country

The average base metal clasp export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Algeria ($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 Algeria (X%), while the prices for the other major destinations experienced a decline.

Base Metal Clasp Imports

Imports into Spain

In 2022, imports of articles such as clasps, frames with clasps, parts of base metal into Spain dropped to X tons, with a decrease of X% against the previous year's figure. Overall, imports, however, recorded a mild increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, base metal clasp imports skyrocketed to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest base metal clasp supplier to Spain, accounting for a X% share of total imports. Moreover, base metal clasp imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Portugal (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Portugal (X% per year).

In value terms, the largest base metal clasp suppliers to Spain were China ($X), Italy ($X) and Romania ($X), together comprising X% of total imports.

In terms of the main suppliers, Romania, with a CAGR of X%, 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

In 2022, the average base metal clasp import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :