Spain: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Spain

For the eleventh consecutive year, the Spanish reaction initiators and accelerators market recorded growth in sales value, which increased by 19% to $X in 2022. Overall, consumption, however, enjoyed a significant expansion. Reaction initiators and accelerators consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Spain

In value terms, reaction initiators and accelerators production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value 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, production decreased by -1.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 55%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Spain

Reaction initiators and accelerators exports from Spain plummeted to X tons in 2022, dropping by -53.5% compared with the year before. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 193%. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, reaction initiators and accelerators exports shrank dramatically to $X in 2022. In general, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 66%. The exports peaked at $X in 2021, and then dropped markedly in the following year.

Exports by Country

The UK (X tons) was the main destination for reaction initiators and accelerators exports from Spain, accounting for a 38% share of total exports. Moreover, reaction initiators and accelerators exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +79.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+14.6% per year) and Italy (+31.8% per year).

In value terms, the largest markets for reaction initiators and accelerators exported from Spain were Italy ($X), the UK ($X) and Saudi Arabia ($X), with a combined 59% share of total exports. India, Turkey, Germany, France, Poland, the United States, Portugal, the Czech Republic, Belgium and Morocco lagged somewhat behind, together accounting for a further 30%.

India, with a CAGR of +146.3%, recorded the highest rates of growth with regard to 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

In 2022, the average reaction initiators and accelerators export price amounted to $X per ton, jumping by 48% against the previous year. Over the period under review, the export price posted a temperate increase. The growth pace was the most rapid in 2015 an increase of 72% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Morocco ($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 Italy (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Spain

In 2022, the amount of reaction initiators, reaction accelerators and catalytic preparations imported into Spain dropped dramatically to X tons, which is down by -28.6% against the previous year. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 93%. As a result, imports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, reaction initiators and accelerators imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of reaction initiators and accelerators to Spain, accounting for a 50% share of total imports. Moreover, reaction initiators and accelerators imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. Portugal (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+140.7% per year) and Portugal (+46.4% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Spain, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Denmark, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic amounted to +141.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.2% per year) and Denmark (+9.5% per year).

Import Prices by Country

The average reaction initiators and accelerators import price stood at $X per ton in 2022, increasing by 64% against the previous year. Overall, the import price, however, showed a perceptible curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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