Spain: Ionones And Methylionones Market 2024

Ionones And Methylionones Market Size in Spain

The Spanish ionones and methylionones market soared to $X in 2021, picking up by 111% against the previous year. In general, consumption recorded a significant expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Ionones And Methylionones Production in Spain

In value terms, ionones and methylionones production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 114% against the previous year. Ionones and methylionones production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ionones And Methylionones Exports

Exports from Spain

In 2021, shipments abroad of ionones and methylionones decreased by -5.2% to X tons, falling for the third year in a row after three years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, ionones and methylionones exports contracted modestly to $X in 2021. Over the period under review, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -34.7% against 2018 indices. The pace of growth was the most pronounced in 2018 when exports increased by 30%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Switzerland (X tons) and France (X tons) were the main destinations of ionones and methylionones exports from Spain, together comprising 55% of total exports. Italy, Turkey, Singapore, Japan, Germany, Croatia, the UK and China lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +41.8%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), the United States ($X) and France ($X) were the largest markets for ionones and methylionones exported from Spain worldwide, with a combined 57% share of total exports. Italy, Turkey, Germany, Singapore, Japan, the UK, Croatia and China lagged somewhat behind, together accounting for a further 33%.

Croatia, with a CAGR of +40.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ionones and methylionones export price amounted to $X per ton, approximately reflecting the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2018 an increase of 28%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Japan ($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 Germany (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ionones And Methylionones Imports

Imports into Spain

Ionones and methylionones imports into Spain expanded significantly to X tons in 2021, rising by 10% against 2020. In general, imports showed a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by 52%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, ionones and methylionones imports amounted to $X in 2021. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2018 with an increase of 64% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest ionones and methylionones supplier to Spain, with a 63% share of total imports. Moreover, ionones and methylionones imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+2.4% per year) and China (+30.1% per year).

In value terms, Germany ($X) constituted the largest supplier of ionones and methylionones to Spain, comprising 58% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Switzerland, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.9% per year) and Switzerland (+0.2% per year).

Import Prices by Country

In 2021, the average ionones and methylionones import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Switzerland ($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 (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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