Spain: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Spain

The Spanish rubber-to-metal and moulded article market skyrocketed to $X in 2021, increasing by 16% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Rubber-to-Metal and Moulded Articles in Spain

In value terms, rubber-to-metal and moulded article production contracted markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 16% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Spain

In 2021, after three years of decline, there was significant growth in overseas shipments of rubber-to-metal and moulded articles, when their volume increased by 20% to X tons. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article exports expanded rapidly to $X in 2021. Overall, exports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of 10%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Morocco (X tons) and France (X tons) were the main destinations of rubber-to-metal and moulded article exports from Spain, with a combined 46% share of total exports. These countries were followed by the Czech Republic, Portugal, Italy, the United States, the UK, Romania, Poland, Slovakia, China and Sweden, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Spain, comprising 23% of total exports. The second position in the ranking was taken by France ($X), with a 9.5% share of total exports. It was followed by Morocco, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-6.7% per year) and Morocco (+4.6% per year).

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, falling by -11% against the previous year. Overall, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2013 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Morocco ($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 (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Spain

In 2021, imports of rubber-to-metal and moulded articles into Spain surged to X tons, rising by 29% compared with the year before. Overall, imports, however, continue to indicate a noticeable reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), France (X tons) and Germany (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Spain, together comprising 40% of total imports. These countries were followed by Morocco, Italy, India, Turkey, Poland, the Netherlands, Sweden, Thailand, Portugal and the United States, which together accounted for a further 51%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +34.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to Spain were Germany ($X), the United States ($X) and China ($X), with a combined 38% share of total imports.

Among the main suppliers, the United States, with a CAGR of +28.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2021, with an increase of 5.6% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rubber-to-metal and moulded article import price increased by +19.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 50%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :