Spain: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Spain

In 2021, the Spanish expansible polystyrene market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value 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, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Expansible Polystyrene Production in Spain

In value terms, expansible polystyrene production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a drastic downturn. The growth pace was the most rapid in 2019 when the production volume increased by 40% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Expansible Polystyrene Exports

Exports from Spain

In 2021, shipments abroad of expansible polystyrene in primary forms was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a drastic downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, expansible polystyrene exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of expansible polystyrene exports from Spain, with a combined 71% share of total exports. Portugal, Italy, Japan and Malaysia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +157.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for expansible polystyrene in primary forms exports from Spain, comprising 56% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by Portugal, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to France stood at -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+17.1% per year) and Portugal (-19.0% per year).

Export Prices by Country

In 2021, the average expansible polystyrene export price amounted to $X per ton, shrinking by -5.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 an increase of 36%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Malaysia ($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 France (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Expansible Polystyrene Imports

Imports into Spain

For the tenth year in a row, Spain recorded growth in purchases abroad of expansible polystyrene in primary forms, which increased by 4.3% to X tons in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.8% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of 30% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, expansible polystyrene imports skyrocketed to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of expansible polystyrene imports to Spain, together comprising 61% of total imports. Belgium, Italy, Austria, Turkey and China lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +30.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest expansible polystyrene suppliers to Spain were the Netherlands ($X), France ($X) and Germany ($X), with a combined 60% share of total imports. These countries were followed by Belgium, Austria, Italy, Turkey and China, which together accounted for a further 27%.

In terms of the main suppliers, Austria, with a CAGR of +37.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average expansible polystyrene import price stood at $X per ton in 2021, picking up by 76% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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