Spain: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Spain

The Spanish paper and paperboard market reduced dramatically to $X in 2022, waning by -97.8% against the previous year. In general, consumption faced a deep contraction. Over the period under review, the market attained the peak level at $X in 2021, and then dropped rapidly in the following year.

Paper And Paperboard Production in Spain

In value terms, paper and paperboard production reduced markedly to $X in 2022 estimated in export price. Overall, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 87%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Paper And Paperboard Exports

Exports from Spain

In 2022, overseas shipments of paper and paperboard (creped, crinkled, embossed or perforated) decreased by -7.2% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 42%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, paper and paperboard exports soared to $X in 2022. In general, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of 29%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Morocco (X tons), Portugal (X tons) and France (X tons) were the main destinations of paper and paperboard exports from Spain, with a combined 75% share of total exports. Germany, Romania, Mexico, Poland, Italy and Sweden lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +144.0%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Morocco ($X) and France ($X) constituted the largest markets for paper and paperboard exported from Spain worldwide, with a combined 63% share of total exports. Germany, Romania, Poland, Italy, Mexico and Sweden lagged somewhat behind, together comprising a further 19%.

Romania, with a CAGR of +136.6%, saw 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

In 2022, the average paper and paperboard export price amounted to $X per ton, growing by 25% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Romania ($X per ton), while the average price for exports to Mexico ($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 Morocco (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Paper And Paperboard Imports

Imports into Spain

In 2022, paper and paperboard imports into Spain amounted to X tons, picking up by 2.2% against 2021 figures. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, paper and paperboard imports skyrocketed to $X in 2022. In general, imports posted a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Italy (X tons), France (X tons) and Portugal (X tons) were the main suppliers of paper and paperboard imports to Spain, together comprising 75% of total imports. Switzerland, Poland, Germany and the UK lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +29.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of paper and paperboard (creped, crinkled, embossed or perforated) to Spain, comprising 42% of total imports. The second position in the ranking was taken by France ($X), with a 17% share of total imports. It was followed by Portugal, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.6% per year) and Portugal (+3.4% per year).

Import Prices by Country

The average paper and paperboard import price stood at $X per ton in 2022, with an increase of 19% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paper and paperboard import price increased by +41.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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