Spain: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in Spain

In 2022, the Spanish sodium carbonate market increased by 58% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +80.4% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sodium Carbonate Production in Spain

In value terms, sodium carbonate production soared to $X in 2022 estimated in export price. In general, production recorded prominent growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Sodium Carbonate Exports

Exports from Spain

In 2022, shipments abroad of sodium carbonate increased by 15% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated a strong increase from 2013 to 2022: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.7% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 68%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sodium carbonate exports soared to $X in 2022. Over the period under review, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for sodium carbonate exports from Spain, with a 43% share of total exports. Moreover, sodium carbonate exports to Brazil exceeded the volume sent to the second major destination, Nigeria (X tons), threefold. Argentina (X tons) ranked third in terms of total exports with a 10% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Brazil totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+359.4% per year) and Argentina (+13.5% per year).

In value terms, Brazil ($X) remains the key foreign market for sodium carbonate exports from Spain, comprising 45% of total exports. The second position in the ranking was held by Argentina ($X), with an 11% share of total exports. It was followed by Nigeria, with an 8.5% share.

From 2013 to 2022, the average annual growth rate of value to Brazil totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+20.8% per year) and Nigeria (+230.5% per year).

Export Prices by Country

The average sodium carbonate export price stood at $X per ton in 2022, increasing by 58% against the previous year. Over the period under review, export price indicated a buoyant increase from 2013 to 2022: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 an increase of 75%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Carbonate Imports

Imports into Spain

In 2022, approx. X tons of sodium carbonate were imported into Spain; reducing by -2% against the previous year. Overall, total imports indicated a temperate expansion from 2013 to 2022: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.3% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by 76%. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, sodium carbonate imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) was the main supplier of sodium carbonate to Spain, with a 96% share of total imports. It was followed by the United States (X tons), with less than 0.1% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +11.3%.

In value terms, Turkey ($X) constituted the largest supplier of sodium carbonate to Spain, comprising 95% of total imports. The second position in the ranking was held by the United States ($X), with a 0.1% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of value from Turkey totaled +16.7%.

Import Prices by Country

The average sodium carbonate import price stood at $X per ton in 2022, growing by 72% against the previous year. Over the period under review, import price indicated a temperate increase from 2013 to 2022: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+32.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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