Spain: Dicalcium Phosphate Market 2024

Dicalcium Phosphate Market Size in Spain

After eight years of decline, the Spanish dicalcium phosphate market increased by 9.7% to $X in 2021. Over the period under review, consumption recorded a deep contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Dicalcium Phosphate Production in Spain

In value terms, dicalcium phosphate production declined significantly to $X in 2021 estimated in export price. Overall, production showed a perceptible increase. The growth pace was the most rapid in 2014 with an increase of 180%. Dicalcium phosphate production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Dicalcium Phosphate Exports

Exports from Spain

In 2021, shipments abroad of calcium hydrogenorthophosphate (dicalcium phosphate) increased by 18% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 71%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, dicalcium phosphate exports surged to $X in 2021. In general, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 71%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Brazil (X tons), Portugal (X tons) and the UK (X tons) were the main destinations of dicalcium phosphate exports from Spain, together accounting for 56% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +508.8%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Portugal ($X) and Italy ($X) appeared to be the largest markets for dicalcium phosphate exported from Spain worldwide, together accounting for 53% of total exports.

Brazil, with a CAGR of +310.9%, saw the highest growth rate of the value of exports, in terms of 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 dicalcium phosphate export price stood at $X per ton in 2021, rising by 30% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Brazil ($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 Algeria (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dicalcium Phosphate Imports

Imports into Spain

In 2021, overseas purchases of calcium hydrogenorthophosphate (dicalcium phosphate) decreased by -50% to X tons, falling for the second consecutive year after three years of growth. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 52%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, dicalcium phosphate imports dropped markedly to $X in 2021. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 35% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Belgium (X tons) and France (X tons) were the main suppliers of dicalcium phosphate imports to Spain, together accounting for 89% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +54.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and Belgium ($X) appeared to be the largest dicalcium phosphate suppliers to Spain, together comprising 73% of total imports.

Turkey, with a CAGR of +50.1%, recorded the highest growth rate of the value of imports, in terms of 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 2021, the average dicalcium phosphate import price amounted to $X per ton, surging by 53% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dicalcium phosphate import price increased by +56.7% against 2019 indices. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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