Spain: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Spain

The Spanish magnesium hydroxide and peroxide market fell sharply to $X in 2022, shrinking by -63.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep downturn. Magnesium hydroxide and peroxide consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Spain

In 2022, overseas shipments of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium increased by 14% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 524%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide exports fell to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 316%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for magnesium hydroxide and peroxide exports from Spain, accounting for a 82% share of total exports. Moreover, magnesium hydroxide and peroxide exports to Portugal exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+109.3% per year) and the UK (+4.7% per year).

In value terms, Portugal ($X) emerged as the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from Spain, comprising 49% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by Bosnia and Herzegovina, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Portugal totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.9% per year) and Bosnia and Herzegovina (+70.3% per year).

Export Prices by Country

In 2022, the average magnesium hydroxide and peroxide export price amounted to $X per ton, waning by -23.8% against the previous year. Overall, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2013 when the average export price increased by 80% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 the United States ($X per ton), while the average price for exports to Portugal ($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 Mexico (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Spain

Magnesium hydroxide and peroxide imports into Spain fell sharply to X tons in 2022, with a decrease of -71.3% on the year before. Overall, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 101%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide imports declined sharply to $X in 2022. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 82%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest magnesium hydroxide and peroxide supplier to Spain, accounting for a 58% share of total imports. Moreover, magnesium hydroxide and peroxide imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +49.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-3.8% per year) and Germany (-13.1% per year).

In value terms, the largest magnesium hydroxide and peroxide suppliers to Spain were the Netherlands ($X), Germany ($X) and China ($X), together comprising 73% of total imports.

The Netherlands, with a CAGR of +48.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 magnesium hydroxide and peroxide import price amounted to $X per ton, rising by 101% against the previous year. Overall, the import price, however, recorded a pronounced decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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