Spain: Base Metal Hook Market 2024

Base Metal Hook Market Size in Spain

For the fifth year in a row, the Spanish base metal hook market recorded growth in sales value, which increased by 21% to $X in 2022. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.0% against 2014 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Base Metal Hook Production in Spain

In value terms, base metal hook production soared to $X in 2022 estimated in export price. Overall, production, however, showed significant growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 210%. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Base Metal Hook Exports

Exports from Spain

In 2022, exports of base metal hooks, eyes and eyelets from Spain surged to X tons, jumping by 24% against 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. 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 hook exports soared to $X in 2022. Over the period under review, exports posted a tangible increase. The pace of growth was the most pronounced in 2021 when exports increased by 41%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Poland (X tons), the Netherlands (X tons) and Morocco (X tons) were the main destinations of base metal hook exports from Spain, together accounting for 52% of total exports. The UK, Portugal, France, Germany, Chile and Tunisia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +26.6%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Morocco ($X) constituted the largest markets for base metal hook exported from Spain worldwide, together accounting for 42% of total exports. The UK, Germany, France, Portugal, Tunisia and Chile lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, the UK, with a CAGR of +28.4%, recorded the highest rates of growth with regard to 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 hook export price stood at $X per ton in 2022, waning by -2.4% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook export price increased by +31.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28%. As a result, the export price reached the peak level of $X per ton, and then shrank modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Chile ($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 France (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hook Imports

Imports into Spain

For the third year in a row, Spain recorded growth in supplies from abroad of base metal hooks, eyes and eyelets, which increased by 24% to X tons in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +105.2% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 64% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, base metal hook imports soared to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +86.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Italy (X tons) and Portugal (X tons) were the main suppliers of base metal hook imports to Spain, with a combined 82% share of total imports. France, Belgium, Germany and Poland lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +25.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal hook suppliers to Spain were China ($X), Italy ($X) and France ($X), together comprising 80% of total imports. Portugal, Germany, Belgium and Poland lagged somewhat behind, together accounting for a further 8.4%.

Portugal, with a CAGR of +21.4%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average base metal hook import price amounted to $X per ton, surging by 15% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 27%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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