Spain: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Spain

In 2021, the Spanish market for particle board and similar board of ligneous materials (excluding wood) decreased by -6.4% to $X for the first time since 2014, thus ending a six-year rising trend. Overall, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +96.6% against 2014 indices. Consumption of peaked at $X in 2020, and then fell in the following year.

Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Spain

In value terms, production of particle board and similar board of ligneous materials (excluding wood) fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a significant expansion. The growth pace was the most rapid in 2015 when the production volume increased by 82% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020, and then reduced in the following year.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports from Spain

After three years of growth, shipments abroad of particle board and similar board of ligneous materials (excluding wood) decreased by -39% to X cubic meters in 2021. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2015 when exports increased by 213% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) dropped to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 38%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Saudi Arabia (X cubic meters), Morocco (X cubic meters) and Andorra (X cubic meters) were the main destinations of exports of particle board and similar board of ligneous materials (excluding wood) from Spain, with a combined 58% share of total exports. El Salvador, Algeria, the United States, Cuba, Egypt and the United Arab Emirates lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of +1,362.2%), while the other leaders experienced more modest paces of growth.

In value terms, Andorra ($X), Morocco ($X) and the United States ($X) constituted the largest markets for board of bagasse, bamboo or other particles exported from Spain worldwide, together accounting for 47% of total exports. These countries were followed by Cuba, El Salvador, Algeria, Saudi Arabia, Egypt and the United Arab Emirates, which together accounted for a further 40%.

El Salvador, with a CAGR of +2,188.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 export price for particle board and similar board of ligneous materials (excluding wood) amounted to $X per cubic meter, picking up by 42% against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 84% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2021, the export prices stood 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 Cuba ($X per cubic meter), while the average price for exports to Egypt ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports into Spain

In 2021, supplies from abroad of particle board and similar board of ligneous materials (excluding wood) was finally on the rise to reach X cubic meters for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports continue to indicate moderate growth. The pace of growth appeared the most rapid in 2016 when imports increased by 66%. Imports peaked at X cubic meters in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) surged to $X in 2021. In general, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X cubic meters), Slovakia (X cubic meters) and Portugal (X cubic meters) were the main suppliers of imports of particle board and similar board of ligneous materials (excluding wood) to Spain, together comprising 83% of total imports. Germany, Russia and Finland lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +1,338.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and Germany ($X) were the largest board of bagasse, bamboo or other particles suppliers to Spain, together comprising 69% of total imports. These countries were followed by Slovakia, Russia and Finland, which together accounted for a further 22%.

Among the main suppliers, Russia, with a CAGR of +2,160.5%, saw 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

In 2021, the average import price for particle board and similar board of ligneous materials (excluding wood) amounted to $X per cubic meter, picking up by 10% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 27%. As a result, import price reached the peak level of $X per cubic meter. From 2016 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 Germany ($X per cubic meter), while the price for Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+92.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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