Spain: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Spain

In 2022, the Spanish prepared additives for cements market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Prepared Additives For Cements, Mortars Or Concretes in Spain

In value terms, prepared additives for cements production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 16%. Prepared additives for cements production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Spain

In 2022, the amount of prepared additives for cements, mortars or concretes exported from Spain stood at X tons, remaining stable against 2021 figures. In general, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.8% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by 24% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, prepared additives for cements exports rose rapidly to $X in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.5% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by 43%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons), France (X tons) and the UK (X tons) were the main destinations of prepared additives for cements exports from Spain, with a combined 62% share of total exports. Morocco, Ireland, Algeria, Egypt, Senegal, Romania, the Dominican Republic, Italy, Mexico and Nigeria lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +97.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared additives for cements exported from Spain were Portugal ($X), France ($X) and the UK ($X), together comprising 50% of total exports. Morocco, Algeria, Ireland, Senegal, the Dominican Republic, Egypt, Italy, Romania, Mexico and Nigeria lagged somewhat behind, together accounting for a further 26%.

Romania, with a CAGR of +54.7%, saw the highest growth rate of the value of exports, in terms of 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

The average prepared additives for cements export price stood at $X per ton in 2022, surging by 7.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Romania ($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 France (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Spain

In 2022, approx. X tons of prepared additives for cements, mortars or concretes were imported into Spain; approximately equating the year before. Overall, imports, however, showed a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of X tons, and then declined modestly in the following year.

In value terms, prepared additives for cements imports soared to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2019 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of prepared additives for cements imports to Spain, together comprising 70% of total imports. France, Belgium, Portugal, Russia, Hungary, the Netherlands, China and Austria lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +276.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and South Korea ($X) appeared to be the largest prepared additives for cements suppliers to Spain, with a combined 72% share of total imports. Belgium, France, Russia, Portugal, the Netherlands, China, Austria and Hungary lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Hungary, with a CAGR of +136.2%, 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 2022, the average prepared additives for cements import price amounted to $X per ton, picking up by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 an increase of 48%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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