Spain: Lysine Market 2024

Lysine Market Size in Spain

The Spanish lysine market soared to $X in 2022, with an increase of 22% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +91.8% against 2018 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Lysine Production in Spain

In value terms, lysine production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 35% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Lysine Exports

Exports from Spain

In 2022, exports of lysine and its esters, and salts thereof from Spain soared to X tons, with an increase of 36% compared with 2021 figures. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 259% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, lysine exports soared to $X in 2022. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 70% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Portugal (X tons), the Netherlands (X tons) and Romania (X tons) were the main destinations of lysine exports from Spain, with a combined 87% share of total exports. France, Senegal, Slovenia, Italy and Belgium lagged somewhat behind, together comprising a further 8.4%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +1,527.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and the Netherlands ($X) were the largest markets for lysine exported from Spain worldwide, together comprising 72% of total exports. Romania, Italy, Senegal, Slovenia and Belgium lagged somewhat behind, together accounting for a further 18%.

Among the main countries of destination, Slovenia, with a CAGR of +952.3%, saw 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 lysine export price stood at $X per ton in 2022, dropping by -2.1% against the previous year. In general, the export price faced a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 106% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 France ($X per ton), while the average price for exports to Belgium ($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 Senegal (+2.9%), while the prices for the other major destinations experienced a decline.

Lysine Imports

Imports into Spain

In 2022, supplies from abroad of lysine and its esters, and salts thereof increased by 2.6% to X tons, rising for the fourth consecutive year after two years of decline. In general, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +119.4% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 57% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, lysine imports soared to $X in 2022. Overall, imports enjoyed moderate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of lysine imports to Spain, together comprising 78% of total imports. China, France, the Netherlands and Portugal lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +21.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lysine suppliers to Spain were Indonesia ($X), the United States ($X) and China ($X), with a combined 73% share of total imports.

China, with a CAGR of +19.3%, recorded the highest rates of growth with regard to 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 lysine import price stood at $X per ton in 2022, jumping by 31% against the previous year. In general, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2017 an increase of 56% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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