Spain: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Spain

The Spanish sulphides, dithionites and sulphoxylates market skyrocketed to $X in 2022, growing by 34% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Sulphides, dithionites and sulphoxylates consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in Spain

In value terms, sulphides, dithionites and sulphoxylates production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a perceptible setback. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from Spain

In 2022, approx. X tons of sulphides, polysulphides, dithionites and sulphoxylates were exported from Spain; waning by -33.7% compared with 2021. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 311% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphides, dithionites and sulphoxylates exports contracted dramatically to $X in 2022. Over the period under review, exports recorded a noticeable slump. The pace of growth appeared the most rapid in 2017 when exports increased by 299% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for sulphides, dithionites and sulphoxylates exports from Spain, with a 33% share of total exports. Moreover, sulphides, dithionites and sulphoxylates exports to Turkey exceeded the volume sent to the second major destination, Germany (X tons), threefold. Portugal (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.4% per year) and Portugal (-3.5% per year).

In value terms, Portugal ($X), Turkey ($X) and Germany ($X) constituted the largest markets for sulphides, dithionites and sulphoxylates exported from Spain worldwide, with a combined 45% share of total exports. Italy, Algeria, France, Morocco, Belgium, Poland, Egypt and Slovakia lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Belgium, with a CAGR of +48.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sulphides, dithionites and sulphoxylates export price stood at $X per ton in 2022, rising by 28% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphides, dithionites and sulphoxylates export price increased by +90.8% against 2015 indices. The growth pace was the most rapid in 2020 when the average export price increased by 60%. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Portugal ($X per ton), while the average price for exports to Morocco ($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 Austria (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into Spain

In 2022, overseas purchases of sulphides, polysulphides, dithionites and sulphoxylates increased by 62% to X tons, rising for the fourth year in a row after two years of decline. In general, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +132.9% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphides, dithionites and sulphoxylates imports soared to $X in 2022. The total import value increased at an average annual rate of +5.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest sulphides, dithionites and sulphoxylates supplier to Spain, with a 45% share of total imports. Moreover, sulphides, dithionites and sulphoxylates imports from Belgium exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.9% per year) and Germany (+8.4% per year).

In value terms, the largest sulphides, dithionites and sulphoxylates suppliers to Spain were Germany ($X), Austria ($X) and Italy ($X), together accounting for 69% of total imports. Belgium, India, Portugal, France and Brazil lagged somewhat behind, together comprising a further 26%.

Portugal, with a CAGR of +144.3%, saw the highest rates of growth with regard to the value of imports, among 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 sulphides, dithionites and sulphoxylates import price stood at $X per ton in 2022, declining by -19.7% against the previous year. In general, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 57% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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