Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Spain - 2024

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Spain (FOB) - 2024
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Spain (CIF) - 2024
3. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Spain
4. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Spain

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Spain (FOB) - 2024

The average export price for sanitary ware and parts thereof, of iron or steel stood at $216 per unit in February 2024, picking up by 11% against the previous month. Overall, the export price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in August 2023 an increase of 28% m-o-m. The export price peaked at $280 per unit in December 2023; however, from January 2024 to February 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($340 per unit), while the average price for exports to Cuba ($21.9 per unit) was amongst the lowest.

From April 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Spain (CIF) - 2024

In February 2024, the average import price for sanitary ware and parts thereof, of iron or steel amounted to $195 per unit, picking up by 4.5% against the previous month. Overall, the import price, however, continues to indicate a mild setback. The growth pace was the most rapid in October 2023 an increase of 38% month-to-month. As a result, import price reached the peak level of $240 per unit. From November 2023 to February 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Germany ($504 per unit), while the price for Portugal ($99.3 per unit) was amongst the lowest.

From April 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Spain

In 2022, the amount of sanitary ware and parts thereof, of iron or steel exported from Spain reduced markedly to 7.1M units, dropping by -34.3% against the previous year. Over the period under review, exports continue to indicate a sharp curtailment. The smallest decline of -1.7% was in 2021. Over the period under review, the exports of reached the maximum at 16M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of sanitary ware and parts thereof, of iron or steel dropped to $76M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $87M, and then fell in the following year.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Spain in 2022:

1. Portugal (1889.4K units)
2. France (1272.6K units)
3. Germany (920.7K units)
4. United Kingdom (302.6K units)
5. Switzerland (233.2K units)
6. Mexico (179.2K units)
7. Hong Kong SAR (162.6K units)
8. Russia (158.7K units)
9. Chile (146.5K units)
10. Dominican Republic (132.0K units)
11. Morocco (120.1K units)
12. Austria (107.0K units)
13. Poland (106.9K units)

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Spain

In 2022, supplies from abroad of sanitary ware and parts thereof, of iron or steel increased by 7.7% to 6.4M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep contraction. Over the period under review, imports of reached the peak figure at 8.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of sanitary ware and parts thereof, of iron or steel contracted to $62M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 27%. As a result, imports reached the peak of $66M, and then reduced in the following year.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Spain in 2022:

1. Portugal (2514.4K units)
2. China (1791.2K units)
3. Italy (944.2K units)
4. Germany (447.0K units)
5. Turkey (222.2K units)
6. France (130.6K units)
7. Greece (101.9K units)

Source: IndexBox Market Intelligence Platform