Spain: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Spain

After two years of growth, the Spanish market for inorganic oxygen compounds of non-metals decreased by -32.1% to $X in 2021. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted sharply in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Spain

In value terms, inorganic oxygen compounds of non-metals production shrank significantly to $X in 2021 estimated in export price. In general, production continues to indicate a precipitous slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 34% against the previous year. Inorganic oxygen compounds of non-metals production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Spain

In 2021, the amount of inorganic oxygen compounds of non-metals exported from Spain skyrocketed to X tons, with an increase of 94% on the year before. Overall, exports continue to indicate a strong increase. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals exports skyrocketed to $X in 2021. Over the period under review, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Spain, with a 82% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Portugal exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. Poland (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Portugal stood at +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+26.6% per year) and Poland (+433.9% per year).

In value terms, Portugal ($X) remains the key foreign market for inorganic oxygen compounds of non-metals exports from Spain, comprising 60% of total exports. The second position in the ranking was held by Poland ($X), with a 13% share of total exports. It was followed by France, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+379.2% per year) and France (+35.6% per year).

Export Prices by Country

The average export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, with an increase of 13% against the previous year. Overall, the export price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the UK ($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 (-0.0%), while the prices for the other major destinations experienced a decline.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Spain

In 2021, approx. X tons of inorganic oxygen compounds of non-metals were imported into Spain; with an increase of 75% on the previous year. Overall, imports showed a modest increase. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals imports skyrocketed to $X in 2021. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 81%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

France (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of inorganic oxygen compounds of non-metals imports to Spain, together comprising 85% of total imports. These countries were followed by Taiwan (Chinese), Portugal, China and the UK, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to Spain were France ($X), Germany ($X) and Taiwan (Chinese) ($X), together accounting for 81% of total imports.

France, with a CAGR of +27.3%, saw the highest growth rate of 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

The average import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, with a decrease of -10.1% against the previous year. Over the period under review, the import price, however, recorded prominent growth. The growth pace was the most rapid in 2017 when the average import price increased by 55% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then fell in the following year.

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 Taiwan (Chinese) ($X per ton), while the price for the UK ($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 (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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