Spain: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Spain

The Spanish aromatic hydrocarbon mixtures market rose markedly to $X in 2022, growing by 9.2% against the previous year. Over the period under review, consumption showed a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Production in Spain

In value terms, aromatic hydrocarbon mixtures production skyrocketed to $X in 2022 estimated in export price. In general, production, however, posted a strong increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Aromatic Hydrocarbon Mixtures Exports

Exports from Spain

In 2022, after two years of decline, there was significant decline in shipments abroad of naphthalene and other aromatic hydrocarbon mixtures, when their volume decreased by -50% to X tons. Overall, exports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 307%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures exports declined markedly to $X in 2022. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 200%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Spain, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +73.1%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Spain.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +62.5%.

Export Prices by Country

The average aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 30% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +0.1% per year.

Aromatic Hydrocarbon Mixtures Imports

Imports into Spain

In 2022, supplies from abroad of naphthalene and other aromatic hydrocarbon mixtures decreased by -50.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,568% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures imports shrank markedly to $X in 2022. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 813%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of aromatic hydrocarbon mixtures to Spain, with a 52% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Portugal (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +53.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+40.1% per year) and Portugal (+13.1% per year).

In value terms, Italy ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Spain, comprising 44% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total imports. It was followed by Portugal, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+34.5% per year) and Portugal (+7.7% per year).

Import Prices by Country

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, rising by 29% against the previous year. Over the period under review, the import price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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 Belgium ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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