Spain: Market for Glycosides And Vegetable Alkaloids 2025

Market Size for Glycosides And Vegetable Alkaloids in Spain

After three years of decline, the Spanish glycosides and vegetable alkaloids market increased by 260% to $X in 2021. In general, consumption posted buoyant growth. Glycosides and vegetable alkaloids consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Glycosides And Vegetable Alkaloids in Spain

In value terms, glycosides and vegetable alkaloids production surged to $X in 2021 estimated in export price. Overall, production recorded a prominent increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Glycosides And Vegetable Alkaloids

Exports from Spain

In 2021, exports of glycosides and vegetable alkaloids from Spain fell remarkably to X tons, with a decrease of -63% against the previous year's figure. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 75%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids exports rose to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 19%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Italy (X tons) and France (X tons) were the main destinations of glycosides and vegetable alkaloids exports from Spain, with a combined 40% share of total exports. Brazil, Germany, Portugal, the UK, Slovakia, Argentina, Romania, Japan, South Korea and the United States lagged somewhat behind, together comprising a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +77.7%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Brazil ($X) appeared to be the largest markets for glycosides and vegetable alkaloids exported from Spain worldwide, together comprising 39% of total exports. These countries were followed by Germany, Mexico, Italy, the United States, Portugal, Argentina, South Korea, Japan, Slovakia and Romania, which together accounted for a further 41%.

Slovakia, with a CAGR of +58.0%, saw the highest growth rate of 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

In 2021, the average glycosides and vegetable alkaloids export price amounted to $X per ton, rising by 179% against the previous year. Over the period under review, the export price recorded a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Romania ($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 (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into Spain

In 2021, overseas purchases of glycosides and vegetable alkaloids increased by 9.4% to X tons, rising for the fourth consecutive year after two years of decline. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.5% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 33% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, glycosides and vegetable alkaloids imports expanded sharply to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +117.9% against 2012 indices. The pace of growth was the most pronounced in 2015 with an increase of 28%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glycosides and vegetable alkaloids to Spain, accounting for a 63% share of total imports. Moreover, glycosides and vegetable alkaloids imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.1% per year) and the Netherlands (+72.3% per year).

In value terms, France ($X), China ($X) and the Netherlands ($X) were the largest glycosides and vegetable alkaloids suppliers to Spain, with a combined 68% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +68.4%, saw 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 glycosides and vegetable alkaloids import price stood at $X per ton in 2021, shrinking by -2.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2013 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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