Spain: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Spain

The Spanish oxygen-function amino-compound market skyrocketed to $X in 2021, growing by 17% against the previous year. The market value increased at an average annual rate of +6.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Oxygen-function amino-compound consumption peaked in 2021 and is likely to see gradual growth in the near future.

Oxygen-Function Amino-Compound Production in Spain

In value terms, oxygen-function amino-compound production declined modestly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Over the period under review, production attained the peak level at $X in 2020, and then fell modestly in the following year.

Oxygen-Function Amino-Compound Exports

Exports from Spain

After three years of growth, overseas shipments of oxygen-function amino-compounds decreased by -1.2% to X tons in 2021. The total export volume increased at an average annual rate of +5.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 29% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then contracted slightly in the following year.

In value terms, oxygen-function amino-compound exports stood at $X in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +26.4% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 62%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Mexico (X tons), Germany (X tons) and India (X tons) were the main destinations of oxygen-function amino-compound exports from Spain, together accounting for 45% of total exports. These countries were followed by Portugal, Italy, France, the Netherlands, Singapore, Belgium, Ireland, Pakistan, Algeria and the UK, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +98.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oxygen-function amino-compound exported from Spain were Germany ($X), India ($X) and Mexico ($X), together comprising 46% of total exports. These countries were followed by France, Italy, Portugal, the Netherlands, Ireland, Pakistan, Singapore, Belgium, Algeria and the UK, which together accounted for a further 26%.

Singapore, with a CAGR of +87.9%, recorded the highest rates of growth with regard to 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

In 2021, the average oxygen-function amino-compound export price amounted to $X per ton, standing approx. at the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2013 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Portugal ($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 the Netherlands (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into Spain

Oxygen-function amino-compound imports into Spain reached X tons in 2021, with an increase of 1.6% on the year before. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 32% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, oxygen-function amino-compound imports soared to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.2% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 83%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest oxygen-function amino-compound supplier to Spain, accounting for a 45% share of total imports. Moreover, oxygen-function amino-compound imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.9% per year) and Germany (-2.9% per year).

In value terms, China ($X) constituted the largest supplier of oxygen-function amino-compounds to Spain, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.7% per year) and France (+6.8% per year).

Import Prices by Country

The average oxygen-function amino-compound import price stood at $X per ton in 2021, increasing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2013 an increase of 38% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a 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 India ($X per ton), while the price for Belgium ($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 United States (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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