Spain: Propellant Powders Market 2024

Propellant Powders Market Size in Spain

The Spanish propellant powders market rose rapidly to $X in 2021, increasing by 11% against the previous year. In general, consumption, however, saw a pronounced reduction. Propellant powders consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Propellant Powders Production in Spain

In value terms, propellant powders production contracted modestly to $X in 2021 estimated in export price. Overall, production posted temperate growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 67% against the previous year. Propellant powders production peaked at $X in 2020, and then shrank in the following year.

Propellant Powders Exports

Exports from Spain

Propellant powders exports from Spain dropped markedly to X tons in 2021, falling by -35.9% compared with the previous year's figure. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 8.2%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, propellant powders exports reduced sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 25%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Turkey (X tons) and Egypt (X tons) were the main destinations of propellant powders exports from Spain, with a combined 57% share of total exports. These countries were followed by Congo, Italy, France, Ukraine and Greece, which together accounted for a further 28%.

From 2013 to 2021, the biggest increases were recorded for Congo (with a CAGR of +96.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for propellant powders exported from Spain were Turkey ($X), the UK ($X) and Egypt ($X), together accounting for 54% of total exports. Congo, Greece, Ukraine, France and Italy lagged somewhat behind, together comprising a further 30%.

In terms of the main countries of destination, Congo, with a CAGR of +78.6%, saw 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

The average propellant powders export price stood at $X per ton in 2021, standing approx. at the previous year. Over the last eight-year period, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2020 when the average export price increased by 15%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Propellant Powders Imports

Imports into Spain

In 2021, purchases abroad of propellant powders was finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2014 when imports increased by 118%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, propellant powders imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a mild decrease. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest propellant powders supplier to Spain, with a 84% share of total imports. Moreover, propellant powders imports from France exceeded the figures recorded by the second-largest supplier, Cyprus (X tons), more than tenfold. Finland (X tons) ranked third in terms of total imports with a 3.8% share.

From 2013 to 2021, the average annual growth rate of volume from France stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (0.0% per year) and Finland (+58.1% per year).

In value terms, France ($X) constituted the largest supplier of propellant powders to Spain, comprising 74% of total imports. The second position in the ranking was taken by Finland ($X), with a 9.6% share of total imports. It was followed by Switzerland, with a 4.8% share.

From 2013 to 2021, the average annual rate of growth in terms of value from France totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+71.0% per year) and Switzerland (+5.1% per year).

Import Prices by Country

The average propellant powders import price stood at $X per ton in 2021, growing by 23% against the previous year. Over the period under review, the import price saw a slight expansion. The pace of growth was the most pronounced in 2016 an increase of 96% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+50.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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