Spain: Paper Label Market 2024

Paper Label Market Size in Spain

The Spanish paper label market expanded rapidly to $X in 2021, picking up by 13% against the previous year. The market value increased at an average annual rate of +6.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Paper label consumption peaked in 2021 and is expected to retain growth in years to come.

Paper Label Production in Spain

In value terms, paper label production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Paper Label Exports

Exports from Spain

In 2021, paper label exports from Spain rose rapidly to X tons, picking up by 9.9% against the previous year. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, paper label exports expanded significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons), Portugal (X tons) and Morocco (X tons) were the main destinations of paper label exports from Spain, with a combined 53% share of total exports. These countries were followed by the Netherlands, Poland, Italy, Belgium, Germany, the UK, the United States, Cuba and Hungary, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +7.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Morocco ($X) and Portugal ($X) were the largest markets for paper label exported from Spain worldwide, together accounting for 44% of total exports. Italy, Cuba, the Netherlands, Germany, the United States, Poland, the UK, Hungary and Belgium lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Hungary, with a CAGR of +11.2%, 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

The average paper label export price stood at $X per ton in 2021, picking up by 1.6% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, paper label export price decreased by -13.2% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 50% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 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 Cuba ($X per ton), while the average price for exports to Portugal ($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 Portugal (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Label Imports

Imports into Spain

In 2021, purchases abroad of labels of paper or paperboard increased by 1.4% to X tons, rising for the second year in a row after three years of decline. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +7.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, paper label imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 13% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main suppliers of paper label imports to Spain, with a combined 61% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the largest paper label suppliers to Spain, with a combined 51% share of total imports. These countries were followed by Portugal, the Netherlands, Belgium and the UK, which together accounted for a further 28%.

The Netherlands, with a CAGR of +6.3%, recorded 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 paper label import price stood at $X per ton in 2021, growing by 3.6% against the previous year. In general, the import price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 19% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the UK ($X per ton), while the price for Italy ($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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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