Spain: Mineral Wool Market 2024

Mineral Wool Market Size in Spain

The Spanish mineral wool market expanded significantly to $X in 2021, growing by 11% against the previous year. Over the period under review, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +40.5% against 2018 indices. Mineral wool consumption peaked in 2021 and is expected to retain growth in years to come.

Mineral Wool Production in Spain

In value terms, mineral wool production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, saw a mild descent. Mineral wool production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Mineral Wool Exports

Exports from Spain

In 2021, the amount of slag wool, rock wool and similar mineral wools and mixtures exported from Spain rose rapidly to X tons, picking up by 8.2% compared with 2020. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, mineral wool exports reached $X in 2021. The total export value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 23% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for mineral wool exports from Spain, accounting for a 64% share of total exports. Moreover, mineral wool exports to France exceeded the volume sent to the second major destination, Portugal (X tons), sixfold. Morocco (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+10.2% per year) and Morocco (+8.7% per year).

In value terms, France ($X) remains the key foreign market for slag wool, rock wool and similar mineral wools and mixtures exports from Spain, comprising 53% of total exports. The second position in the ranking was held by Portugal ($X), with a 16% share of total exports. It was followed by Morocco, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+7.6% per year) and Morocco (+7.2% per year).

Export Prices by Country

In 2021, the average mineral wool export price amounted to $X per ton, picking up by 2.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 5.1%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to France ($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 France (-0.3%), while the prices for the other major destinations experienced a decline.

Mineral Wool Imports

Imports into Spain

In 2021, imports of slag wool, rock wool and similar mineral wools and mixtures into Spain expanded notably to X tons, with an increase of 12% compared with 2020 figures. Over the period under review, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 53% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, mineral wool imports rose sharply to $X in 2021. Overall, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 28%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of mineral wool imports to Spain, with a combined 54% share of total imports. These countries were followed by Poland, Portugal, Serbia, Belgium, Croatia, Germany, the United States, Mexico and China, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +64.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mineral wool suppliers to Spain were France ($X), Slovenia ($X) and Poland ($X), together comprising 50% of total imports. The Netherlands, Portugal, Belgium, China, Germany, the United States, Serbia, Mexico and Croatia lagged somewhat behind, together accounting for a further 39%.

Belgium, with a CAGR of +62.9%, 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 mineral wool import price stood at $X per ton in 2021, dropping by -3% against the previous year. Overall, the import price saw a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 44%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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