Spain: Fluoropolymers Market 2024

Fluoropolymers Market Size in Spain

After two years of decline, the Spanish fluoropolymers market increased by 3.9% to $X in 2021. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Fluoropolymers Production in Spain

In value terms, fluoropolymers production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Fluoropolymers Exports

Exports from Spain

Fluoropolymers exports from Spain reduced markedly to X tons in 2021, dropping by -24.1% compared with the previous year's figure. Overall, exports, however, saw temperate growth. The growth pace was the most rapid in 2019 when exports increased by 264%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fluoropolymers exports fell modestly to $X in 2021. In general, exports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 98% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Portugal (X tons), Germany (X tons) and Morocco (X tons) were the main destinations of fluoropolymers exports from Spain, with a combined 53% share of total exports. These countries were followed by Cuba, Brazil, Turkey, Mexico and France, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +69.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fluoropolymers exported from Spain were Brazil ($X), Mexico ($X) and Portugal ($X), together comprising 58% of total exports.

Mexico, with a CAGR of +65.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fluoropolymers export price stood at $X per ton in 2021, rising by 29% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 66% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Germany ($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 Brazil (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Fluoropolymers Imports

Imports into Spain

In 2021, the amount of fluoropolymers imported into Spain totaled X tons, increasing by 3% compared with 2020 figures. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.0% against 2017 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, fluoropolymers imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +5.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of fluoropolymers to Spain, accounting for a 50% share of total imports. Moreover, fluoropolymers imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.2% per year) and China (+3.1% per year).

In value terms, Germany ($X) constituted the largest supplier of fluoropolymers to Spain, comprising 43% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.1% per year) and the Netherlands (+0.9% per year).

Import Prices by Country

The average fluoropolymers import price stood at $X per ton in 2021, with an increase of 7.4% against the previous year. Overall, the import price, however, saw a mild reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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