Spain: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Spain

In 2022, the Spanish market for polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 23% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +30.2% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Spain

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +79.5% against 2020 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Spain

In 2016, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were exported from Spain; which is down by -6.1% against the year before. In general, exports showed a mild downturn. The pace of growth appeared the most rapid in 2014 with an increase of 25%. As a result, the exports reached the peak of X tons. From 2015 to 2016, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced to $X in 2016. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2014 when exports increased by 9.8% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Spain, with a 54% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to France exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 9.3% share.

From 2012 to 2016, the average annual growth rate of volume to France stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+17.0% per year) and Italy (-12.7% per year).

In value terms, France ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Spain, comprising 55% of total exports. The second position in the ranking was held by Portugal ($X), with a 24% share of total exports. It was followed by Italy, with a 9.4% share.

From 2012 to 2016, the average annual growth rate of value to France amounted to -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+3.4% per year) and Italy (-22.2% per year).

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, shrinking by -8.4% against the previous year. In general, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2013 an increase of 3.4%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2016, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2016, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Italy ($X per ton), while the average price for exports to Belgium ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-6.6%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Spain

In 2016, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms into Spain expanded markedly to X tons, growing by 5.1% on the year before. The total import volume increased at an average annual rate of +8.0% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 40% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2016, the growth of imports of failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced to $X in 2016. Overall, imports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 39%. As a result, imports attained the peak of $X. From 2014 to 2016, the growth of imports of remained at a somewhat lower figure.

Imports by Country

South Korea (X tons), Turkey (X tons) and India (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Spain, together accounting for 54% of total imports. France, Taiwan (Chinese), Pakistan, the UK, Italy, Morocco, Lithuania, Portugal, Belgium and the Netherlands lagged somewhat behind, together comprising a further 41%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of +273.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Spain were South Korea ($X), Turkey ($X) and India ($X), together accounting for 52% of total imports. France, Taiwan (Chinese), the UK, Pakistan, the Netherlands, Italy, Belgium, Lithuania, Portugal and Morocco lagged somewhat behind, together accounting for a further 41%.

Morocco, with a CAGR of +236.0%, saw the highest growth rate of the value of imports, in terms of 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 polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, reducing by -7.2% against the previous year. Overall, the import price showed a deep setback. The most prominent rate of growth was recorded in 2013 a decrease of -1%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2016, import prices stood at a somewhat lower figure.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Italy (-7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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