Spain: Biodiesel Market 2024

Biodiesel Market Size in Spain

The Spanish biodiesel market soared to $X in 2021, growing by 23% against the previous year. Overall, consumption, however, continues to indicate a mild increase. Biodiesel consumption peaked in 2021 and is likely to see gradual growth in years to come.

Biodiesel Production in Spain

In value terms, biodiesel production shrank slightly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +99.4% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of 15%. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Biodiesel Exports

Exports from Spain

Biodiesel exports from Spain soared to X tons in 2021, with an increase of 22% against 2020 figures. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 70% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, biodiesel exports surged to $X in 2021. Overall, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of biodiesel exports from Spain, together comprising 82% of total exports. The United States, Bulgaria and Belgium lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +50.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for biodiesel exported from Spain were Italy ($X), the Netherlands ($X) and France ($X), with a combined 83% share of total exports. These countries were followed by the United States, Bulgaria and Belgium, which together accounted for a further 14%.

Bulgaria, with a CAGR of +56.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average biodiesel export price stood at $X per ton in 2021, jumping by 51% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Italy ($X per ton), while the average price for exports to Belgium ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Biodiesel Imports

Imports into Spain

Biodiesel imports into Spain skyrocketed to X tons in 2021, growing by 18% compared with the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 237%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, biodiesel imports skyrocketed to $X in 2021. In general, imports enjoyed a mild expansion. The pace of growth appeared the most rapid in 2018 with an increase of 175% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Argentina (X tons), Italy (X tons) and China (X tons) were the main suppliers of biodiesel imports to Spain, together comprising 59% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +230.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest biodiesel suppliers to Spain were Argentina ($X), Italy ($X) and China ($X), together comprising 59% of total imports.

China, with a CAGR of +288.3%, recorded 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

The average biodiesel import price stood at $X per ton in 2021, jumping by 44% against the previous year. In general, the import price continues to indicate slight growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were France ($X per ton) and Belgium ($X per ton), while the price for Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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