Spain: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Spain

The Spanish market for cellular plates, sheets and films of polyymers of styrene shrank to $X in 2022, which is down by -14.6% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +5.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Spain

In value terms, production of cellular plates, sheets and films of polyymers of styrene dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2022: its value 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, production increased by +11.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 43%. Over the period under review, production of hit record highs at $X in 2021, and then contracted in the following year.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Spain

After two years of growth, shipments abroad of cellular plates, sheets and films of polyymers of styrene decreased by -2.7% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 57%. The exports peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene rose significantly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 32% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Portugal (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Spain, accounting for a 77% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Portugal exceeded the volume sent to the second major destination, Morocco (X tons), tenfold. The third position in this ranking was held by France (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal amounted to +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+10.9% per year) and France (-18.2% per year).

In value terms, Portugal ($X) remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Spain, comprising 75% of total exports. The second position in the ranking was taken by Morocco ($X), with a 7.7% share of total exports. It was followed by France, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Portugal amounted to +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+12.4% per year) and France (-17.2% per year).

Export Prices by Country

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, rising by 16% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and the UK ($X per ton), while the average price for exports to Italy ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Andorra (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Spain

Imports of cellular plates, sheets and films of polyymers of styrene into Spain shrank sharply to X tons in 2022, waning by -30.2% on the year before. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 38% against the previous year. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene fell notably to $X in 2022. Over the period under review, total imports indicated a perceptible expansion 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 decreased by -21.0% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 28% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest polystyrene cellular plates, sheets and films supplier to Spain, with a 64% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from Portugal exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. The third position in this ranking was taken by France (X tons), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.8% per year) and France (+11.5% per year).

In value terms, Portugal ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Spain, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.2% per year) and Italy (+4.7% per year).

Import Prices by Country

The average import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, surging by 22% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cellular plates, sheets and films of polyymers of styrene increased by +15.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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