Spain: Chlorides Market 2024

Chlorides Market Size in Spain

In 2021, the Spanish chlorides market decreased by -1.7% to $X, falling for the third consecutive year after three years of growth. In general, consumption, however, enjoyed a modest expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Chlorides Production in Spain

In value terms, chlorides production fell modestly to $X in 2021 estimated in export price. In general, production, however, showed a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of 75% against the previous year. Chlorides production peaked at $X in 2020, and then fell slightly in the following year.

Chlorides Exports

Exports from Spain

In 2021, approx. X tons of chlorides (excluding ammonium chloride) were exported from Spain; picking up by 7.6% against 2020 figures. In general, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +10.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.2% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of 40%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, chlorides exports rose markedly to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 38% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X tons) was the main destination for chlorides exports from Spain, accounting for a 58% share of total exports. Moreover, chlorides exports to France exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+15.8% per year) and Germany (+18.9% per year).

In value terms, France ($X) remains the key foreign market for chlorides (excluding ammonium chloride) exports from Spain, comprising 33% of total exports. The second position in the ranking was taken by Portugal ($X), with a 16% share of total exports. It was followed by Germany, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+12.5% per year) and Germany (+14.6% per year).

Export Prices by Country

In 2021, the average chlorides export price amounted to $X per ton, with an increase of 5.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 24%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Morocco (-0.2%), while the prices for the other major destinations experienced a decline.

Chlorides Imports

Imports into Spain

In 2021, chlorides imports into Spain rose to X tons, with an increase of 3% against the previous year. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 30% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, chlorides imports skyrocketed to $X in 2021. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2018 with an increase of 30% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Finland (X tons) constituted the largest chlorides supplier to Spain, accounting for a 45% share of total imports. Moreover, chlorides imports from Finland exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Portugal (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from Finland amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.8% per year) and Portugal (+22.1% per year).

In value terms, the UK ($X), Finland ($X) and France ($X) constituted the largest chlorides suppliers to Spain, together comprising 58% of total imports. Germany, the Czech Republic, Italy, the Netherlands, Portugal, Sweden, China and Israel lagged somewhat behind, together accounting for a further 29%.

The Czech Republic, with a CAGR of +33.0%, saw 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

The average chlorides import price stood at $X per ton in 2021, picking up by 15% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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