Spain: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Spain

The Spanish ethylene polymer rigid pipes market surged to $X in 2021, with an increase of 31% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +41.9% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Spain

In value terms, ethylene polymer rigid pipes production soared to $X in 2021 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +29.3% against 2018 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Spain

In 2021, the amount of rigid tubes, pipes and hoses of polymers of ethylene exported from Spain rose notably to X tons, increasing by 13% on the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 28%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, ethylene polymer rigid pipes exports surged to $X in 2021. In general, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.7% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

France (X tons) was the main destination for ethylene polymer rigid pipes exports from Spain, with a 45% share of total exports. Moreover, ethylene polymer rigid pipes exports to France exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was held by Morocco (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+9.3% per year) and Morocco (+13.4% per year).

In value terms, France ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Spain, comprising 41% of total exports. The second position in the ranking was taken by Portugal ($X), with a 20% share of total exports. It was followed by Morocco, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+12.6% per year) and Morocco (+15.1% per year).

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, with an increase of 3.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 when the average export price increased by 31%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Spain

In 2021, the amount of rigid tubes, pipes and hoses of polymers of ethylene imported into Spain rose notably to X tons, picking up by 7.1% compared with the year before. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, ethylene polymer rigid pipes imports rose sharply to $X in 2021. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 45% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), Portugal (X tons) and China (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Spain, with a combined 67% share of total imports. These countries were followed by Germany, Turkey, Poland, France and Norway, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +52.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer rigid pipes suppliers to Spain were Italy ($X), China ($X) and Germany ($X), with a combined 67% share of total imports. Portugal, Turkey, Poland, France and Norway lagged somewhat behind, together accounting for a further 23%.

Poland, with a CAGR of +46.0%, 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

In 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, with an increase of 2.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 33%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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