Spain: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Spain

After three years of decline, the Spanish market for plastic hoses and hose fittings increased by 3.3% to $X in 2021. Over the period under review, consumption saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 8.1%. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Plastic Hoses and Hose Fittings in Spain

In value terms, plastic hose and hose fitting production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Plastic Hoses and Hose Fittings

Exports from Spain

For the fifth consecutive year, Spain recorded growth in shipments abroad of plastic hoses and hose fittings, which increased by 27% to X tons in 2021. Over the period under review, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports skyrocketed to $X in 2021. Overall, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for plastic hose and hose fitting exports from Spain, with a 38% share of total exports. Moreover, plastic hose and hose fitting exports to France exceeded the volume sent to the second major destination, Italy (X tons), fourfold. Portugal (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+10.5% per year) and Portugal (+5.5% per year).

In value terms, France ($X) remains the key foreign market for plastic hoses and hose fittings exports from Spain, comprising 28% of total exports. The second position in the ranking was held by Portugal ($X), with a 9% share of total exports. It was followed by Italy, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+10.3% per year) and Italy (+9.0% per year).

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, growing by 11% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 14% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Morocco ($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 Portugal (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Spain

In 2021, overseas purchases of plastic hoses and hose fittings increased by 10% to X tons, rising for the fifth consecutive year after two years of decline. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.5% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 19% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, plastic hose and hose fitting imports surged to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Portugal (X tons), Italy (X tons) and China (X tons) were the main suppliers of plastic hose and hose fitting imports to Spain, together comprising 55% of total imports. Germany, Turkey, Israel, France, Sweden, the Netherlands, Serbia, Poland and Greece lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +247.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting suppliers to Spain were Italy ($X), Germany ($X) and China ($X), with a combined 47% share of total imports. These countries were followed by Portugal, Israel, the Netherlands, Turkey, France, Sweden, Poland, Greece and Serbia, which together accounted for a further 34%.

In terms of the main suppliers, Serbia, with a CAGR of +162.3%, saw 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

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, increasing by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, import price reached 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 2021, the country with the highest price was Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :