Spain: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Spain

In 2021, the Spanish market for unsaturated polyesters in primary forms increased by 51% to $X, rising for the fifth consecutive year after four years of decline. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Unsaturated Polyesters In Primary Forms in Spain

In value terms, unsaturated polyesters in primary forms production reached $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Unsaturated polyesters in primary forms production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Spain

In 2021, after three years of decline, there was significant growth in overseas shipments of unsaturated polyesters in primary forms, when their volume increased by 60% to X tons. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2021. In general, total exports indicated a mild 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. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X tons), Portugal (X tons) and France (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Spain, together accounting for 59% of total exports. Italy, Germany, Poland, the UK, Morocco, Greece, Turkey and Colombia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +106.7%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Israel ($X) and France ($X) constituted the largest markets for unsaturated polyesters in primary forms exported from Spain worldwide, with a combined 52% share of total exports. These countries were followed by Italy, Germany, the UK, Poland, Greece, Turkey, Morocco and Colombia, which together accounted for a further 36%.

Colombia, with a CAGR of +101.2%, recorded the highest rates of growth with regard to 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

In 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, growing by 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Israel ($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 Greece (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Spain

For the fifth consecutive year, Spain recorded growth in overseas purchases of unsaturated polyesters in primary forms, which increased by 63% to X tons in 2021. Over the period under review, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms imports soared to $X in 2021. Overall, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest unsaturated polyesters in primary forms supplier to Spain, accounting for a 48% share of total imports. Moreover, unsaturated polyesters in primary forms imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +101.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+24.6% per year) and Italy (-5.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Spain, comprising 44% of total imports. The second position in the ranking was taken by Italy ($X), with an 18% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +104.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.5% per year) and France (+4.3% per year).

Import Prices by Country

The average import price for unsaturated polyesters in primary forms stood at $X per ton in 2021, rising by 42% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 78%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :