Spain: Extruded Rod Market 2022

Extruded Rod Market Size in Spain

In 2021, the Spanish extruded rod market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Extruded Rod Production in Spain

In value terms, extruded rod production rose modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Extruded Rod Exports

Exports from Spain

In 2021, shipments abroad of extruded rods and profile shapes of cellular vulcanised rubber increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, extruded rod exports soared to $X in 2021. Overall, exports, however, saw a deep downturn. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Algeria (X tons) and Thailand (X tons) were the main destinations of extruded rod exports from Spain, together accounting for X% of total exports. These countries were followed by Germany, Mexico, Croatia, the United Arab Emirates, Slovakia, Austria, the UK, Portugal, Turkey and Poland, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for extruded rod exported from Spain were Thailand ($X), Italy ($X) and Germany ($X), together accounting for X% of total exports.

Among the main countries of destination, Thailand, with a CAGR of +X%, recorded 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 extruded rod export price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the export price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Algeria ($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 Thailand (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Extruded Rod Imports

Imports into Spain

In 2021, after two years of decline, there was growth in purchases abroad of extruded rods and profile shapes of cellular vulcanised rubber, when their volume increased by X% to X tons. Overall, imports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, extruded rod imports rose significantly to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), Croatia (X tons) and Portugal (X tons) were the main suppliers of extruded rod imports to Spain, with a combined X% share of total imports. These countries were followed by China, Turkey, Germany and Austria, which together accounted for a further X 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of extruded rod to Spain, comprising X% of total imports. The second position in the ranking was taken by Croatia ($X), with an X% share of total imports. It was followed by Portugal, with a X% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+X% per year) and Portugal (-X% per year).

Import Prices by Country

In 2021, the average extruded rod import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, extruded rod import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2021 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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