Spain: Propene Market 2024

Propene Market Size in Spain

In 2021, the Spanish propene market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Propene Production in Spain

In value terms, propene production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Propene Exports

Exports from Spain

In 2021, exports of propene (propylene) from Spain soared to X tons, with an increase of 20% on 2020 figures. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, propene exports skyrocketed to $X in 2021. Overall, exports showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), Germany (X tons) and Colombia (X tons) were the main destinations of propene exports from Spain, together accounting for 88% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +50.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for propene exported from Spain were the Netherlands ($X), Germany ($X) and Colombia ($X), with a combined 87% share of total exports.

Colombia, with a CAGR of +74.3%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average propene export price amounted to $X per ton, picking up by 62% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and France ($X per ton), while the average price for exports to Germany ($X per ton) and the Netherlands ($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 Colombia (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Propene Imports

Imports into Spain

In 2021, purchases abroad of propene (propylene) increased by 70% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, imports saw noticeable growth. The pace of growth was the most pronounced in 2018 when imports increased by 130% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, propene imports surged to $X in 2021. Overall, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 223%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Portugal (X tons), Italy (X tons) and Saudi Arabia (X tons) were the main suppliers of propene imports to Spain, with a combined 89% share of total imports. These countries were followed by France, which accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +193.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Italy ($X) and Saudi Arabia ($X) were the largest propene suppliers to Spain, with a combined 88% share of total imports. These countries were followed by France, which accounted for a further 9.6%.

France, with a CAGR of +175.3%, saw the highest rates of growth with regard to 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 propene import price stood at $X per ton in 2021, with an increase of 62% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($X per ton) and Portugal ($X per ton), while the price for France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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