Spain: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Spain

In 2021, the Spanish polyethylene glycol and polyether market increased by 27% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a resilient expansion. Polyethylene glycol and polyether consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Spain

In value terms, polyethylene glycol and polyether production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Spain

In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were exported from Spain; with an increase of 15% against 2020 figures. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports soared to $X in 2021. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons), Germany (X tons) and Italy (X tons) were the main destinations of polyethylene glycol and polyether exports from Spain, together comprising 45% of total exports. These countries were followed by France, the UK, Belgium, the Netherlands, Poland, Turkey, Lithuania, Morocco, India and Brazil, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +27.3%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for polyethylene glycol and polyether exported from Spain worldwide, with a combined 45% share of total exports. France, the UK, Belgium, the Netherlands, Poland, Turkey, Lithuania, Morocco, Brazil and India lagged somewhat behind, together comprising a further 42%.

Among the main countries of destination, India, with a CAGR of +25.2%, recorded the highest rates of growth with regard to the value of exports, 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 polyethylene glycol and polyether export price amounted to $X per ton, rising by 54% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and Lithuania ($X per ton), while the average price for exports to India ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Spain

For the third year in a row, Spain recorded growth in overseas purchases of polyethylene glycols and polyethers in primary forms, which increased by 18% to X tons in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +17.6% against 2017 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. 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

The Netherlands (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of polyethylene glycol and polyether imports to Spain, with a combined 68% share of total imports. These countries were followed by Saudi Arabia, Italy, France and China, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +200.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) were the largest polyethylene glycol and polyether suppliers to Spain, with a combined 69% share of total imports. These countries were followed by Saudi Arabia, Italy, France and China, which together accounted for a further 23%.

Among the main suppliers, Saudi Arabia, with a CAGR of +208.5%, recorded 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

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, surging by 47% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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