Spain: Particle Board Market 2024

Particle Board Market Size in Spain

In 2022, the Spanish particle board market increased by 11% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Particle Board Production in Spain

In value terms, particle board production rose markedly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 89% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Particle Board Exports

Exports from Spain

In 2022, the amount of particle board exported from Spain shrank slightly to X cubic meters, reducing by -4% compared with 2021. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. The exports peaked at X cubic meters in 2021, and then shrank modestly in the following year.

In value terms, particle board exports rose rapidly to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Portugal (X cubic meters) was the main destination for particle board exports from Spain, with a 26% share of total exports. Moreover, particle board exports to Portugal exceeded the volume sent to the second major destination, Peru (X cubic meters), twofold. The third position in this ranking was held by Morocco (X cubic meters), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+11.0% per year) and Morocco (+18.6% per year).

In value terms, Portugal ($X) remains the key foreign market for particle board exports from Spain, comprising 25% of total exports. The second position in the ranking was held by Peru ($X), with an 11% share of total exports. It was followed by the UK, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+16.6% per year) and the UK (+19.5% per year).

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2022, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 24%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Morocco ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into Spain

In 2022, supplies from abroad of particle board increased by 12% to X cubic meters, rising for the third year in a row after two years of decline. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.5% 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 +29.8% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 23%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, particle board imports skyrocketed to $X in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Portugal (X cubic meters), France (X cubic meters) and Germany (X cubic meters) were the main suppliers of particle board imports to Spain, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +15.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and Germany ($X) constituted the largest particle board suppliers to Spain, with a combined 89% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +15.6%, recorded the highest rates of growth with regard to 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 particle board import price stood at $X per cubic meter in 2022, with an increase of 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2021 an increase of 16%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Italy ($X per cubic meter), while the price for France ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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