Report Update: Apr 1, 2024

Spain - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Industrial Stearic Acid Price in Spain - 2023

Industrial Stearic Acid Price in Spain (CIF) - 2023

In June 2023, the average industrial stearic acid import price amounted to $1,775 per ton, surging by 2% against the previous month. Over the period under review, the import price, however, continues to indicate a perceptible setback. The growth pace was the most rapid in April 2023 an increase of 36% m-o-m. Over the period under review, average import prices hit record highs at $2,624 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Belgium ($4,035 per ton), while the price for Indonesia ($1,278 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%), while the prices for the other major suppliers experienced a decline.

Industrial Stearic Acid Price in Spain (FOB) - 2023

In June 2023, the average industrial stearic acid export price amounted to $2,021 per ton, surging by 4.9% against the previous month. In general, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in April 2023 an increase of 22% month-to-month. Over the period under review, the average export prices attained the maximum at $2,364 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Morocco ($2,748 per ton), while the average price for exports to France ($1,668 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+0.4%), while the prices for the other major destinations experienced a decline.

Industrial Stearic Acid Imports in Spain

Industrial stearic acid imports into Spain contracted to 7.2K tons in 2022, reducing by -12.3% against the previous year's figure. In general, imports saw a deep downturn. The smallest decline of -7.9% was in 2021.

In value terms, industrial stearic acid imports surged to $17M in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of Industrial Stearic Acid in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	3.0	3.8	4.8	6.5	29.4%
Germany	0.8	2.0	2.9	3.1	57.1%
Belgium	1.2	0.6	2.3	1.8	14.5%
Italy	1.2	0.7	1.3	1.7	12.3%
Sweden	N/A	0.1	N/A	1.6	300.0%
Netherlands	0.8	0.6	1.0	1.4	20.5%
Malaysia	0.7	0.3	0.9	0.5	-10.6%
France	0.4	0.1	0.1	0.1	-37.0%
Argentina	0.4	0.3	N/A	N/A	-25.0%
Others	0.8	0.9	0.2	0.4	-20.6%
Total	9.3	9.4	13.5	17.0	22.3%

Top Suppliers of Industrial Stearic Acid to Spain in 2022:

Argentina (undefined tons)
Indonesia (2948.8 tons)
Germany (1159.9 tons)
Netherlands (736.1 tons)
Sweden (718.2 tons)
Italy (586.6 tons)
Belgium (584.4 tons)
Malaysia (226.9 tons)
France (41.9 tons)

Industrial Stearic Acid Exports in Spain

In 2022, shipments abroad of industrial stearic acid decreased by -8% to 4.1K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 1.6%. As a result, the exports reached the peak of 4.5K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial stearic acid exports surged to $9.4M in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Industrial Stearic Acid in Spain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	1,393	1,848	2,993	3,699	38.5%
Portugal	591	965	1,264	1,631	40.3%
Hungary	547	895	575	1,393	36.6%
Italy	48.0	211	894	475	114.7%
Germany	250	142	305	321	8.7%
Belgium	338	363	726	291	-4.9%
Serbia	N/A	N/A	N/A	243	0%
Tunisia	37.3	20.0	119	242	86.5%
Poland	18.1	24.4	121	221	130.3%
Democratic Republic of the Congo	971	211	N/A	149	-46.5%
Russia	546	46.6	N/A	N/A	-91.5%
Others	259	488	386	686	38.4%
Total	4,998	5,215	7,382	9,351	23.2%

Top Export Markets for Industrial Stearic Acid from Spain in 2022:

Russia (undefined tons)
France (1824.9 tons)
Portugal (706.8 tons)
Hungary (588.2 tons)
Italy (161.4 tons)
Germany (143.2 tons)
Belgium (117.6 tons)
Tunisia (112.6 tons)
Serbia (91.1 tons)
Poland (85.7 tons)
Democratic Republic of the Congo (33.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the industrial stearic acid market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023