Spain: Market for Iron Or Steel Towers And Lattice Masts 2025

Market Size for Iron Or Steel Towers And Lattice Masts in Spain

In 2021, the Spanish iron or steel towers market decreased by -13.5% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, saw notable growth. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Iron Or Steel Towers And Lattice Masts in Spain

In value terms, iron or steel towers production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Iron Or Steel Towers And Lattice Masts

Exports from Spain

In 2021, exports of iron or steel towers and lattice masts from Spain reduced to X tons, declining by -2.4% against the previous year. Overall, exports, however, recorded a temperate increase. The pace of growth appeared the most rapid in 2018 with an increase of 105% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then shrank in the following year.

In value terms, iron or steel towers exports stood at $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 97%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

France (X tons) was the main destination for iron or steel towers exports from Spain, accounting for a 29% share of total exports. Moreover, iron or steel towers exports to France exceeded the volume sent to the second major destination, Germany (X tons), twofold. Morocco (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+31.8% per year) and Morocco (+19.7% per year).

In value terms, France ($X), Germany ($X) and Morocco ($X) constituted the largest markets for iron or steel towers exported from Spain worldwide, together accounting for 48% of total exports. The UK, Poland, Greece, Denmark, the United States, Italy, Belgium, the Netherlands, Sweden and Mexico lagged somewhat behind, together accounting for a further 40%.

The Netherlands, with a CAGR of +46.9%, saw the highest growth rate of the value of exports, among 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

The average iron or steel towers export price stood at $X per ton in 2021, picking up by 4.6% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The growth pace was the most rapid in 2019 an increase of 11%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Italy ($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 Denmark (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Towers And Lattice Masts

Imports into Spain

In 2021, the amount of iron or steel towers and lattice masts imported into Spain soared to X tons, with an increase of 29% against the year before. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 362%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, iron or steel towers imports skyrocketed to $X in 2021. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 334%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Denmark (X tons), France (X tons) and Turkey (X tons) were the main suppliers of iron or steel towers imports to Spain, together comprising 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +113.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of iron or steel towers and lattice masts to Spain, comprising 45% of total imports. The second position in the ranking was taken by Denmark ($X), with a 17% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +96.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+19.7% per year) and Turkey (+51.8% per year).

Import Prices by Country

The average iron or steel towers import price stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2018 an increase of 31%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+47.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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