Spain: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Spain

In 2021, the Spanish market for plastic fittings for tubes, pipes and hoses decreased by -2.8% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Spain

In value terms, production of plastic fittings for tubes, pipes and hoses contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 13%. Production of peaked at $X in 2020, and then declined slightly in the following year.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Spain

In 2021, overseas shipments of plastic fittings for tubes, pipes and hoses increased by 16% to X tons, rising for the second consecutive year after three years of decline. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +26.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 29% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.2% 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 +78.8% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 30%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Spain, with a 28% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to France exceeded the volume sent to the second major destination, Morocco (X tons), twofold. The third position in this ranking was held by Portugal (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+24.1% per year) and Portugal (+9.4% per year).

In value terms, France ($X), Portugal ($X) and Morocco ($X) constituted the largest markets for plastic fittings for tubes, pipes and hoses exported from Spain worldwide, together comprising 46% of total exports. These countries were followed by Italy, Germany, the UK, Poland, the United Arab Emirates, Cuba, South Africa, Senegal, Algeria and the Dominican Republic, which together accounted for a further 25%.

Senegal, with a CAGR of +44.0%, 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 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, increasing by 4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to the Dominican Republic ($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 Algeria (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Spain

In 2021, purchases abroad of plastic fittings for tubes, pipes and hoses increased by 11% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +15.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 43% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Spain, together comprising 56% of total imports. These countries were followed by Turkey, Portugal, France, Israel, Austria, the Netherlands, the UK, Poland and Serbia, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +74.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic fittings for tubes, pipes and hoses suppliers to Spain were Germany ($X), Italy ($X) and France ($X), with a combined 56% share of total imports. These countries were followed by China, Turkey, Israel, the UK, Austria, Portugal, the Netherlands, Poland and Serbia, which together accounted for a further 29%.

Serbia, with a CAGR of +38.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, with an increase of 8.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 9.9% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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