Spain: Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size in Spain

In 2022, the Spanish aluminium and titanium market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a resilient expansion. Aluminium and titanium consumption peaked in 2022 and is likely to see gradual growth in years to come.

Aluminium And Titanium Production in Spain

In value terms, aluminium and titanium production dropped to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Aluminium And Titanium Exports

Exports from Spain

In 2022, approx. X tons of aluminium and titanium were exported from Spain; waning by X% against the previous year's figure. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, aluminium and titanium exports dropped to $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Portugal (X tons) was the main destination for aluminium and titanium exports from Spain, with a X% share of total exports. Moreover, aluminium and titanium exports to Portugal exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a X% share.

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

In value terms, Portugal ($X) remains the key foreign market for aluminium and titanium exports from Spain, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average aluminium and titanium export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium and titanium export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to China ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium And Titanium Imports

Imports into Spain

After two years of growth, purchases abroad of aluminium and titanium decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, aluminium and titanium imports soared to $X in 2022. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The Netherlands (X tons), Mozambique (X tons) and Bahrain (X tons) were the main suppliers of aluminium and titanium imports to Spain, with a combined X% share of total imports. The United Arab Emirates, Vietnam, India, South Korea, Turkey, France, Malaysia, Saudi Arabia, Portugal and Brazil lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium and titanium suppliers to Spain were the Netherlands ($X), Bahrain ($X) and Mozambique ($X), together comprising X% of total imports. The United Arab Emirates, Vietnam, India, Turkey, South Korea, France, Malaysia, Saudi Arabia, Portugal and Brazil lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Brazil, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium and titanium import price amounted to $X per ton, rising by X% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium and titanium import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and India ($X per ton), while the price for Mozambique ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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