Spain: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Spain

The Spanish halogenated hydrocarbon derivative market declined to $X in 2022, which is down by -10.1% against the previous year. In general, consumption, however, recorded a buoyant increase. Halogenated hydrocarbon derivative consumption peaked at $X in 2021, and then contracted in the following year.

Halogenated Hydrocarbon Derivative Production in Spain

In value terms, halogenated hydrocarbon derivative production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 271%. As a result, production attained the peak level of $X, and then contracted rapidly in the following year.

Halogenated Hydrocarbon Derivative Exports

Exports from Spain

Halogenated hydrocarbon derivative exports from Spain soared to X tons in 2022, growing by 149% compared with the previous year. Overall, exports, however, showed a mild decrease. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative exports soared to $X in 2022. Over the period under review, exports showed slight growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for halogenated hydrocarbon derivative exports from Spain, with a 66% share of total exports. Moreover, halogenated hydrocarbon derivative exports to France exceeded the volume sent to the second major destination, Portugal (X tons), sixfold. Morocco (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-1.7% per year) and Morocco (+0.9% per year).

In value terms, France ($X) emerged as the key foreign market for halogenated derivatives of hydrocarbons exports from Spain, comprising 48% of total exports. The second position in the ranking was held by Portugal ($X), with a 19% share of total exports. It was followed by Morocco, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+9.0% per year) and Morocco (+1.9% per year).

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, waning by -33.8% against the previous year. Over the period under review, the export price, however, recorded measured growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 97%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Tunisia ($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 India (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Spain

In 2022, the amount of halogenated derivatives of hydrocarbons imported into Spain shrank to X tons, dropping by -14.9% against the year before. Over the period under review, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 94%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, halogenated hydrocarbon derivative imports totaled $X in 2022. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 51%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X tons), France (X tons) and Belgium (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Spain, together comprising 67% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +46.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest halogenated hydrocarbon derivative suppliers to Spain were France ($X), the United States ($X) and Germany ($X), with a combined 57% share of total imports. The UK, Belgium and China lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Belgium, with a CAGR of +26.7%, recorded 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 halogenated hydrocarbon derivative import price stood at $X per ton in 2022, with an increase of 20% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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