Spain: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Spain

The Spanish cast iron household articles market dropped markedly to $X in 2022, with a decrease of -25.4% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Cast iron household articles consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Table, Kitchen Or Household Articles Of Cast Iron in Spain

In value terms, cast iron household articles production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 27%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Spain

In 2022, cast iron household articles exports from Spain reduced to X tons, standing approx. at the previous year's figure. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cast iron household articles exports totaled $X in 2022. In general, exports showed a pronounced downturn. The growth pace was the most rapid in 2018 with an increase of 27%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for cast iron household articles exports from Spain, with a 41% share of total exports. Moreover, cast iron household articles exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fourfold. France (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-4.5% per year) and France (-10.2% per year).

In value terms, Germany ($X) remains the key foreign market for table, kitchen or household articles of cast iron exports from Spain, comprising 36% of total exports. The second position in the ranking was taken by Italy ($X), with a 12% share of total exports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.6% per year) and the Czech Republic (+66.0% per year).

Export Prices by Country

The average cast iron household articles export price stood at $X per ton in 2022, picking up by 2% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary ($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 Poland (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Spain

In 2022, purchases abroad of table, kitchen or household articles of cast iron increased by 147% to X tons, rising for the third consecutive year after two years of decline. Overall, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cast iron household articles imports surged to $X in 2022. Over the period under review, imports saw buoyant growth. 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 cast iron household articles supplier to Spain, with a 77% share of total imports. Moreover, cast iron household articles imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.3% per year) and Germany (+24.3% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles of cast iron to Spain, comprising 65% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports. It was followed by Belgium, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.3% per year) and Belgium (+48.2% per year).

Import Prices by Country

In 2022, the average cast iron household articles import price amounted to $X per ton, shrinking by -24.6% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cast iron household articles import price decreased by -33.1% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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