Spain: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Spain

The Spanish phosphinates and phosphonates market fell sharply to $X in 2022, with a decrease of -31% against the previous year. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Phosphinates and phosphonates consumption peaked at $X in 2021, and then reduced dramatically in the following year.

Phosphinates And Phosphonates Production in Spain

In value terms, phosphinates and phosphonates production stood at $X in 2022 estimated in export price. In general, production saw a notable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 487% against the previous year. Phosphinates and phosphonates production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports from Spain

Phosphinates and phosphonates exports from Spain rose significantly to X tons in 2022, with an increase of 7.2% compared with 2021. Overall, exports showed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 115% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, phosphinates and phosphonates exports declined to $X in 2022. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 145% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

The United States (X tons) was the main destination for phosphinates and phosphonates exports from Spain, accounting for a 46% share of total exports. Moreover, phosphinates and phosphonates exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), threefold. Russia (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +28,346.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+6.1% per year) and Russia (+180.0% per year).

In value terms, the largest markets for phosphinates and phosphonates exported from Spain were the United States ($X), Mexico ($X) and France ($X), together comprising 61% of total exports.

The United States, with a CAGR of +33,480.6%, saw 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

The average phosphinates and phosphonates export price stood at $X per ton in 2022, waning by -16.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to the United States ($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 the United States (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into Spain

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) imported into Spain reduced sharply to X tons, waning by -53.4% on 2021. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 229% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, phosphinates and phosphonates imports shrank remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 250%. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

China (X tons), Switzerland (X tons) and Israel (X tons) were the main suppliers of phosphinates and phosphonates imports to Spain, together accounting for 58% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +34.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Spain, comprising 36% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Switzerland, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.3% per year) and Switzerland (+23.5% per year).

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, growing by 17% against the previous year. In general, the import price enjoyed a tangible increase. The pace of growth was the most pronounced in 2018 an increase of 55% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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