Spain: Plaster Market 2024

Plaster Market Size in Spain

The Spanish plaster market expanded notably to $X in 2022, growing by 7.5% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Plaster Production in Spain

In value terms, plaster production rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 17% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Plaster Exports

Exports from Spain

In 2022, shipments abroad of plaster decreased by -17.3% to X tons, falling for the third year in a row after five years of growth. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 62%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaster exports totaled $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 21%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Portugal (X tons) was the main destination for plaster exports from Spain, with a 51% share of total exports. Moreover, plaster exports to Portugal exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by Uruguay (X tons), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.6% per year) and Uruguay (+23.0% per year).

In value terms, Portugal ($X) remains the key foreign market for plaster exports from Spain, comprising 54% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by Uruguay, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Portugal amounted to +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+0.3% per year) and Uruguay (+19.2% per year).

Export Prices by Country

In 2022, the average plaster export price amounted to $X per ton, picking up by 21% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaster export price increased by +95.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 43%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Imports

Imports into Spain

In 2022, imports of plaster into Spain surged to X tons, picking up by 27% compared with the year before. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 74% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, plaster imports skyrocketed to $X in 2022. Overall, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 107%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X tons), Portugal (X tons) and Germany (X tons) were the main suppliers of plaster imports to Spain, together comprising 84% of total imports. Morocco, the Netherlands, Turkey and the UK lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +42.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plaster suppliers to Spain were France ($X), Portugal ($X) and the Netherlands ($X), together accounting for 72% of total imports. Germany, Morocco, Turkey and the UK lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Turkey, with a CAGR of +59.3%, 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

In 2022, the average plaster import price amounted to $X per ton, surging by 5.2% against the previous year. Overall, the import price recorded moderate growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 76%. The import price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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