Spain: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Spain

After two years of growth, the Spanish market for rigid tubes, pipes and hoses, of other polymers decreased by -13.3% to $X in 2022. In general, consumption showed a pronounced decline. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Spain

In value terms, production of rigid tubes, pipes and hoses, of other polymers reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, production of reached the peak level at $X in 2021, and then fell slightly in the following year.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Spain

In 2022, the amount of rigid tubes, pipes and hoses, of other polymers exported from Spain stood at X tons, rising by 6.7% compared with 2021. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 68%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers shrank 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 +7.3% 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 +43.3% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 54%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

France (X tons) was the main destination for exports of rigid tubes, pipes and hoses, of other polymers from Spain, with a 65% share of total exports. Moreover, exports of rigid tubes, pipes and hoses, of other polymers to France exceeded the volume sent to the second major destination, Italy (X tons), threefold. Portugal (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+26.6% per year) and Portugal (+6.5% per year).

In value terms, France ($X) remains the key foreign market for rigid tubes, pipes and hoses, of other polymers exports from Spain, comprising 39% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by Portugal, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+19.8% per year) and Portugal (+15.5% per year).

Export Prices by Country

The average export price for rigid tubes, pipes and hoses, of other polymers stood at $X per ton in 2022, with a decrease of -16.2% against the previous year. Over the period under review, the export price recorded a noticeable downturn. The pace of growth was the most pronounced in 2017 an increase of 30%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Morocco (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Spain

After two years of growth, overseas purchases of rigid tubes, pipes and hoses, of other polymers decreased by -26.2% to X tons in 2022. In general, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers contracted significantly to $X in 2022. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of rigid tubes, pipes and hoses, of other polymers to Spain, with a 40% share of total imports. Moreover, imports of rigid tubes, pipes and hoses, of other polymers from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by China (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+42.9% per year) and China (+10.6% per year).

In value terms, the largest rigid tubes, pipes and hoses, of other polymers suppliers to Spain were Germany ($X), Tunisia ($X) and France ($X), together accounting for 63% of total imports.

Tunisia, with a CAGR of +52.8%, recorded 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

In 2022, the average import price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, picking up by 7.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 8.5%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 Tunisia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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