Spain: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Spain

In 2021, the Spanish base metal flexible tubing market increased by 14% to $X, rising for the fifth consecutive year after two years of decline. Overall, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +109.0% against 2016 indices. Base metal flexible tubing consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Base Metal Flexible Tubing, Iron Or Steel in Spain

In value terms, base metal flexible tubing production dropped rapidly to $X in 2021 estimated in export price. Overall, production showed a deep reduction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 95% against the previous year. Base metal flexible tubing production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from Spain

In 2021, base metal flexible tubing exports from Spain reduced rapidly to X tons, with a decrease of -35.3% against 2020 figures. Over the period under review, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2015 when exports increased by 181% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, base metal flexible tubing exports amounted to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 101% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Morocco (X tons), Mauritania (X tons) and France (X tons) were the main destinations of base metal flexible tubing exports from Spain, with a combined 51% share of total exports. These countries were followed by Portugal, Egypt, the Netherlands, Poland, Italy, Jamaica, Germany, the UK, Argentina and Algeria, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +194.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal flexible tubing exported from Spain were Mauritania ($X), France ($X) and Morocco ($X), with a combined 49% share of total exports. These countries were followed by Portugal, Argentina, the UK, Poland, the Netherlands, Egypt, Germany, Jamaica, Italy and Algeria, which together accounted for a further 33%.

Among the main countries of destination, Egypt, with a CAGR of +191.5%, saw 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 base metal flexible tubing export price stood at $X per ton in 2021, with an increase of 75% against the previous year. Overall, the export price continues to indicate a tangible increase. The growth pace was the most rapid in 2016 an increase of 150% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per ton), while the average price for exports to Morocco ($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 Mauritania (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into Spain

For the third year in a row, Spain recorded growth in overseas purchases of base metal flexible tubing, iron or steel, which increased by 11% to X tons in 2021. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 29% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, base metal flexible tubing imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +50.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of base metal flexible tubing to Spain, with a 50% share of total imports. Moreover, base metal flexible tubing imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+36.1% per year) and Turkey (+10.6% per year).

In value terms, the largest base metal flexible tubing suppliers to Spain were China ($X), France ($X) and Turkey ($X), with a combined 75% share of total imports. Italy, the Netherlands, Germany, India and Serbia lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Serbia, with a CAGR of +445.5%, saw 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 base metal flexible tubing import price stood at $X per ton in 2021, with an increase of 6.2% against the previous year. Over the period under review, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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