Spain: Phenols Market 2025

Phenols Market Size in Spain

In 2022, the Spanish phenols market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then dropped dramatically in the following year.

Phenols Production in Spain

In value terms, phenols production shrank to $X in 2022 estimated in export price. Overall, production showed a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Phenols Exports

Exports from Spain

For the fifth consecutive year, Spain recorded decline in shipments abroad of phenols, which decreased by X% to X tons in 2022. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, phenols exports rose notably to $X in 2022. Overall, exports continue to indicate a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Switzerland (X tons) and the United States (X tons) were the main destinations of phenols exports from Spain, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and Belgium ($X) were the largest markets for phenols exported from Spain worldwide, together comprising X% of total exports.

Belgium, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average phenols export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2019 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

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

Phenols Imports

Imports into Spain

Phenols imports into Spain fell significantly to X tons in 2022, reducing by X% compared with the previous year. Over the period under review, imports showed a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, phenols imports declined rapidly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest phenols supplier to Spain, accounting for a X% share of total imports. Moreover, phenols imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of phenols to Spain, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average phenols import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :