Spain: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Spain

In 2021, the Spanish ferro-cerium and pyrophoric alloys market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a noticeable setback. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Spain

In value terms, ferro-cerium and pyrophoric alloys production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 7.5% against the previous year. Ferro-cerium and pyrophoric alloys production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Spain

In 2021, after two years of growth, there was significant decline in overseas shipments of ferro-cerium and pyrophoric alloys, when their volume decreased by -9.2% to X tons. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 67% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports expanded sharply to $X in 2021. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 119% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Portugal (X tons), France (X tons) and the United States (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from Spain, together comprising 68% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +109.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Brazil ($X) were the largest markets for ferro-cerium and pyrophoric alloys exported from Spain worldwide, with a combined 86% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +128.4%, recorded the highest rates of growth with regard to 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

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, surging by 25% against the previous year. Over the period under review, the export price showed a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 67% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Portugal ($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 Algeria (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Spain

In 2021, supplies from abroad of ferro-cerium and pyrophoric alloys was finally on the rise to reach X tons after two years of decline. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. Overall, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Spain, accounting for a 64% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), sevenfold. Croatia (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-6.5% per year) and Croatia (+21.4% per year).

In value terms, Germany ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Spain, comprising 47% of total imports. The second position in the ranking was held by the UK ($X), with a 19% share of total imports. It was followed by China, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-5.8% per year) and China (+7.2% per year).

Import Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, shrinking by -6.2% against the previous year. Over the period under review, the import price showed a pronounced setback. The growth pace was the most rapid in 2016 an increase of 17% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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