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

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

The Spanish propylene polymer rigid pipes market contracted rapidly to $X in 2022, reducing by -15.2% against the previous year. Over the period under review, consumption recorded a mild shrinkage. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

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

In value terms, propylene polymer rigid pipes production contracted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports from Spain

After two years of growth, shipments abroad of rigid tubes, pipes and hoses of polymers of propylene decreased by -42.3% to X tons in 2022. Over the period under review, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, propylene polymer rigid pipes exports fell sharply to $X in 2022. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 45%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for propylene polymer rigid pipes exports from Spain, accounting for a 45% share of total exports. Moreover, propylene polymer rigid pipes exports to France exceeded the volume sent to the second major destination, Portugal (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-4.7% per year) and the United States (+155.0% per year).

In value terms, France ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from Spain, comprising 35% of total exports. The second position in the ranking was taken by Portugal ($X), with a 13% share of total exports. It was followed by the United States, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-7.1% per year) and the United States (+140.5% per year).

Export Prices by Country

In 2022, the average propylene polymer rigid pipes export price amounted to $X per ton, dropping by -14.5% against the previous year. In general, the export price showed a pronounced descent. The pace of growth was the most pronounced in 2020 an increase of 36% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to France ($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 Cuba (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Spain

In 2022, purchases abroad of rigid tubes, pipes and hoses of polymers of propylene decreased by -41.1% to X tons, falling for the third consecutive year after two years of growth. Overall, imports showed a perceptible slump. The pace of growth was the most pronounced in 2014 with an increase of 24% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, propylene polymer rigid pipes imports reduced sharply to $X in 2022. In general, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2014 when imports increased by 14%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Portugal (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of propylene polymer rigid pipes imports to Spain, together comprising 86% of total imports. Slovenia, China, the UK, Turkey and Austria lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +98.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Portugal ($X) constituted the largest propylene polymer rigid pipes suppliers to Spain, with a combined 81% share of total imports. China, Slovenia, Austria, the UK and Turkey lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Slovenia, with a CAGR of +66.7%, saw the highest rates of growth with regard to the value of imports, 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 propylene polymer rigid pipes import price amounted to $X per ton, shrinking by -9.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 20% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, 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 Austria ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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