Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Spain - 2023

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Spain (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Spain (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Spain
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Spain

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Spain (CIF) - 2022

The average import price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $77,565 per ton in 2022, surging by 18% against the previous year. In general, the import price enjoyed perceptible growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 96% against the previous year. Over the period under review, average import prices attained the maximum at $125,993 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($494,635 per ton), while the price for China ($9,077 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Spain (FOB) - 2022

In 2022, the average export price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $41,843 per ton, surging by 14% against the previous year. Over the period under review, the export price saw a slight expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 97%. Over the period under review, the average export prices reached the peak figure at $71,139 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 ($103,024 per ton), while the average price for exports to Hong Kong SAR ($6,769 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 Morocco (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Spain

Imports of balances; of a sensitivity of 5cg or better, with or without weightses into Spain expanded remarkably to 95 tons in 2022, increasing by 10% against 2021. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 76%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses amounted to $7.6M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 29%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Spain in 2022:

1. China (56.9 tons)
2. Germany (17.5 tons)
3. Netherlands (9.4 tons)
4. Italy (5.5 tons)
5. Switzerland (0.6 tons)
6. United Kingdom (0.5 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Spain

Exports of balances; of a sensitivity of 5cg or better, with or without weightses from Spain reduced sharply to 13 tons in 2022, shrinking by -30.8% compared with 2021 figures. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses shrank significantly to $499K in 2022. Over the period under review, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 49% against the previous year. As a result, the exports reached the peak of $854K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Spain in 2022:

1. France (3402.0 kg)
2. Hong Kong SAR (2759.0 kg)
3. United Kingdom (1340.0 kg)
4. Belgium (834.0 kg)
5. Germany (718.0 kg)
6. Portugal (664.0 kg)
7. Morocco (432.0 kg)
8. Ecuador (381.0 kg)
9. Italy (307.0 kg)
10. Tunisia (137.0 kg)
11. Algeria (59.0 kg)
12. Peru (39.0 kg)

Source: IndexBox Market Intelligence Platform