Spain: Ether Market 2024

Ether Market Size in Spain

After three years of decline, the Spanish ether market increased by 12% to $X in 2022. In general, consumption recorded a deep reduction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Ether Production in Spain

In value terms, ether production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ether Exports

Exports from Spain

In 2022, approx. X tons of ethers were exported from Spain; falling by -38.2% compared with the previous year's figure. Overall, exports saw a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 71% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, ether exports declined rapidly to $X in 2022. In general, exports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 66%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for ether exports from Spain, accounting for a 52% share of total exports. Moreover, ether exports to Italy exceeded the volume sent to the second major destination, France (X tons), sixfold. Portugal (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.5% per year) and Portugal (+11.8% per year).

In value terms, the largest markets for ether exported from Spain were Italy ($X), France ($X) and Germany ($X), together comprising 51% of total exports. Belgium, the Netherlands, Portugal, the UK, Israel, Libya, Algeria and Romania lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Israel, with a CAGR of +45.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ether export price stood at $X per ton in 2022, picking up by 3.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 19%. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Algeria ($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 Romania (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ether Imports

Imports into Spain

In 2022, ether imports into Spain declined rapidly to X tons, dropping by -22% compared with the year before. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 55% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ether imports contracted slightly to $X in 2022. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 36%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of ether to Spain, with a 39% share of total imports. Moreover, ether imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+3.1% per year) and Germany (+0.5% per year).

In value terms, the Netherlands ($X), Germany ($X) and Saudi Arabia ($X) constituted the largest ether suppliers to Spain, together comprising 52% of total imports. France, India, Belgium, the United States and Brazil lagged somewhat behind, together comprising a further 25%.

India, with a CAGR of +12.9%, 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 ether import price stood at $X per ton in 2022, growing by 26% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ether import price increased by +80.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 44%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :