Spain: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Spain

After two years of growth, the Spanish steel plaited band market decreased by -20.8% to $X in 2022. Over the period under review, consumption, however, saw a notable expansion. Over the period under review, the market attained the peak level at $X in 2021, and then fell sharply in the following year.

Steel Plaited Band Production in Spain

In value terms, steel plaited band production dropped dramatically to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +68.7% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, production reached the peak level of $X, and then contracted rapidly in the following year.

Steel Plaited Band Exports

Exports from Spain

In 2022, the amount of iron or steel plaited bands and slings exported from Spain shrank significantly to X tons, dropping by -28.9% compared with the previous year's figure. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 212% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, steel plaited band exports dropped to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 470%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Morocco (X tons), Portugal (X tons) and Cuba (X tons) were the main destinations of steel plaited band exports from Spain, with a combined 59% share of total exports. The Dominican Republic, Slovakia, France, Saudi Arabia, Malaysia, the United States, Italy, Brazil and Algeria lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +139.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel plaited band exported from Spain were Portugal ($X), Morocco ($X) and the Dominican Republic ($X), with a combined 46% share of total exports. Cuba, Slovakia, Malaysia, Saudi Arabia, France, Italy, the United States, Brazil and Algeria lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Malaysia, with a CAGR of +137.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steel plaited band export price amounted to $X per ton, with an increase of 25% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 83% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Morocco ($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 Algeria (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Imports

Imports into Spain

In 2022, supplies from abroad of iron or steel plaited bands and slings decreased by -22.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a strong expansion. The growth pace was the most rapid in 2014 when imports increased by 64%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, steel plaited band imports contracted notably to $X in 2022. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 141%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of steel plaited band to Spain, accounting for a 36% share of total imports. Moreover, steel plaited band imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to +107.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.7% per year) and France (+6.7% per year).

In value terms, Thailand ($X) constituted the largest supplier of iron or steel plaited bands and slings to Spain, comprising 34% of total imports. The second position in the ranking was held by Germany ($X), with a 9.3% share of total imports. It was followed by France, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +106.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.9% per year) and France (-1.4% per year).

Import Prices by Country

The average steel plaited band import price stood at $X per ton in 2022, with an increase of 4.9% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel plaited band import price decreased by -25.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 47%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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