Spain: Polycarbonate Market 2024

Polycarbonate Market Size in Spain

In 2022, the Spanish polycarbonate market increased by 23% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption continues to indicate a mild expansion. Polycarbonate consumption peaked in 2022 and is expected to retain growth in the near future.

Polycarbonate Production in Spain

In value terms, polycarbonate production shrank dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Polycarbonate Exports

Exports from Spain

In 2022, polycarbonate exports from Spain reduced sharply to X tons, which is down by -24.4% on the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 16%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, polycarbonate exports dropped to $X in 2022. The total export value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for polycarbonate exports from Spain, accounting for a 24% share of total exports. Moreover, polycarbonate exports to China exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.0% per year) and India (-6.7% per year).

In value terms, China ($X) remains the key foreign market for polycarbonates (in primary forms) exports from Spain, comprising 24% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by India, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.8% per year) and India (-3.8% per year).

Export Prices by Country

In 2022, the average polycarbonate export price amounted to $X per ton, increasing by 24% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarbonate export price increased by +61.0% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 37% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Estonia ($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 India (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarbonate Imports

Imports into Spain

In 2022, approx. X tons of polycarbonates (in primary forms) were imported into Spain; shrinking by -3.9% compared with 2021 figures. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 42%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, polycarbonate imports expanded remarkably to $X in 2022. Overall, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of polycarbonate imports to Spain, with a combined 77% share of total imports. The United States, Belgium, South Korea, Saudi Arabia and Thailand lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +386.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarbonate suppliers to Spain were the Netherlands ($X), Germany ($X) and Italy ($X), with a combined 76% share of total imports. Belgium, the United States, South Korea, Saudi Arabia and Thailand lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +323.5%, recorded the highest growth rate of 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 polycarbonate import price stood at $X per ton in 2022, picking up by 13% against the previous year. Overall, the import price, however, saw a slight decline. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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