Spain: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Spain

In 2022, the Spanish plastic ornamental articles market increased by 29% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +107.4% against 2020 indices. Plastic ornamental articles consumption peaked in 2022 and is likely to see steady growth in years to come.

Plastic Ornamental Articles Production in Spain

In value terms, plastic ornamental articles production shrank significantly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2021 when the production volume increased by 956% against the previous year. As a result, production reached the peak level of $X, and then dropped rapidly in the following year.

Plastic Ornamental Articles Exports

Exports from Spain

In 2022, overseas shipments of statuettes and other ornamental articles of plastic were finally on the rise to reach X tons after two years of decline. Over the period under review, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 32%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, plastic ornamental articles exports stood at $X in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +76.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for plastic ornamental articles exports from Spain, with a 45% share of total exports. Moreover, plastic ornamental articles exports to Portugal exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.4% per year) and Italy (+12.4% per year).

In value terms, the largest markets for plastic ornamental articles exported from Spain were Portugal ($X), France ($X) and Italy ($X), with a combined 64% share of total exports. Venezuela, Germany and the Netherlands lagged somewhat behind, together accounting for a further 8.1%.

Venezuela, with a CAGR of +35.9%, recorded the highest growth rate of 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

The average plastic ornamental articles export price stood at $X per ton in 2022, declining by -14.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 26%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Venezuela ($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 Germany (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Ornamental Articles Imports

Imports into Spain

In 2022, purchases abroad of statuettes and other ornamental articles of plastic increased by 29% to X tons, rising for the second consecutive year after four years of decline. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, plastic ornamental articles imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic ornamental articles to Spain, accounting for a 73% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. Ireland (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+22.2% per year) and Ireland (+5.0% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Spain, comprising 71% of total imports. The second position in the ranking was held by France ($X), with a 9.3% share of total imports. It was followed by the Netherlands, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+16.9% per year) and the Netherlands (+9.1% per year).

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, with an increase of 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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