Spain: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Spain

In 2021, after two years of decline, there was significant growth in the Spanish industrial fatty alcohols market, when its value increased by 24% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. Industrial fatty alcohols consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Industrial Fatty Alcohols Production in Spain

In value terms, industrial fatty alcohols production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible contraction. Industrial fatty alcohols production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Industrial Fatty Alcohols Exports

Exports from Spain

In 2021, after five years of growth, there was significant decline in overseas shipments of industrial fatty alcohols, when their volume decreased by -8.4% to X tons. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 213% against the previous year. The exports peaked at X tons in 2020, and then dropped in the following year.

In value terms, industrial fatty alcohols exports reached $X in 2021. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 193%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

China (X tons) was the main destination for industrial fatty alcohols exports from Spain, accounting for a 43% share of total exports. Moreover, industrial fatty alcohols exports to China exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. Indonesia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +154.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+116.0% per year) and Indonesia (+161.0% per year).

In value terms, China ($X) remains the key foreign market for industrial fatty alcohols exports from Spain, comprising 43% of total exports. The second position in the ranking was taken by Indonesia ($X), with an 11% share of total exports. It was followed by Brazil, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +138.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+153.8% per year) and Brazil (+103.9% per year).

Export Prices by Country

The average industrial fatty alcohols export price stood at $X per ton in 2021, surging by 13% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The growth pace was the most rapid in 2018 when the average export price increased by 17%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to the Dominican Republic ($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 Peru (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Fatty Alcohols Imports

Imports into Spain

In 2021, the amount of industrial fatty alcohols imported into Spain skyrocketed to X tons, increasing by 17% compared with 2020 figures. Over the period under review, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 28%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial fatty alcohols imports skyrocketed to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 35%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of industrial fatty alcohols imports to Spain, together accounting for 84% of total imports. These countries were followed by Indonesia, Belgium, Italy, the UK and Saudi Arabia, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +31.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the largest industrial fatty alcohols suppliers to Spain, together comprising 84% of total imports. Indonesia, Belgium, Italy, the UK and Saudi Arabia lagged somewhat behind, together comprising a further 13%.

Belgium, with a CAGR of +35.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial fatty alcohols import price stood at $X per ton in 2021, with an increase of 13% against the previous year. In general, the import price, however, showed a mild reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 the UK ($X per ton), while the price for Saudi Arabia ($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 UK (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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