Spain: Market for Porphyry, Basalt and Quartzites 2024

Market Size for Porphyry, Basalt and Quartzites in Spain

The Spanish porphyry, basalt and quartzites market rose slightly to $X in 2023, growing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Porphyry, basalt and quartzites consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

Production of Porphyry, Basalt and Quartzites in Spain

In value terms, porphyry, basalt and quartzites production totaled $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; afterwards, it flattened through to 2023.

Exports of Porphyry, Basalt and Quartzites

Exports from Spain

In 2023, after three years of growth, there was significant decline in shipments abroad of porphyry, basalt and quartzites, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2022, and then reduced sharply in the following year.

In value terms, porphyry, basalt and quartzites exports reached $X in 2023. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked in 2023 and are likely to continue growth in years to come.

Exports by Country

France (X tons), China (X tons) and Italy (X tons) were the main destinations of porphyry, basalt and quartzites exports from Spain, together comprising X% of total exports. Morocco, Germany, Switzerland, the United Arab Emirates, Portugal and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United Arab Emirates ($X) and China ($X) constituted the largest markets for porphyry, basalt and quartzites exported from Spain worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average porphyry, basalt and quartzites export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a mild downturn. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Porphyry, Basalt and Quartzites

Imports into Spain

In 2023, purchases abroad of porphyry, basalt and quartzites increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, imports posted a resilient expansion. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, porphyry, basalt and quartzites imports soared to $X in 2023. Over the period under review, imports, however, showed a pronounced slump. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Portugal (X tons) constituted the largest porphyry, basalt and quartzites supplier to Spain, accounting for a X% share of total imports. Moreover, porphyry, basalt and quartzites imports from Portugal exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Portugal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Turkey (X% per year).

In value terms, Brazil ($X), Portugal ($X) and China ($X) were the largest porphyry, basalt and quartzites suppliers to Spain, together accounting for X% of total imports. The UK, Italy, India, Turkey and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the UK, with a CAGR of X%, recorded 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 2023, the average porphyry, basalt and quartzites import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform