Spain: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in Spain

The Spanish ferro-titanium and ferro-silico-titanium market surged to $X in 2023, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports from Spain

In 2023, after two years of growth, there was significant decline in overseas shipments of ferro-titanium and ferro-silico-titanium, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2022, and then fell dramatically in the following year.

In value terms, ferro-titanium and ferro-silico-titanium exports shrank rapidly to $X in 2023. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then reduced sharply in the following year.

Exports by Country

Argentina (X tons) was the main destination for ferro-titanium and ferro-silico-titanium exports from Spain, with a X% share of total exports. Moreover, ferro-titanium and ferro-silico-titanium exports to Argentina exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was taken by Luxembourg (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Luxembourg (X% per year).

In value terms, Argentina ($X) emerged as the key foreign market for ferro-titanium and ferro-silico-titanium exports from Spain, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Luxembourg, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Argentina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Luxembourg (X% per year).

Export Prices by Country

In 2023, the average ferro-titanium and ferro-silico-titanium export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price continues to indicate a noticeable descent. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Luxembourg ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports into Spain

In 2023, the amount of ferro-titanium and ferro-silico-titanium imported into Spain rose significantly to X tons, surging by X% against the previous year's figure. In general, imports recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, ferro-titanium and ferro-silico-titanium imports fell sharply to $X in 2023. Overall, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then dropped rapidly in the following year.

Imports by Country

In 2023, the Netherlands (X tons) constituted the largest ferro-titanium and ferro-silico-titanium supplier to Spain, accounting for a X% share of total imports. Moreover, ferro-titanium and ferro-silico-titanium imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Estonia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Estonia (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of ferro-titanium and ferro-silico-titanium to Spain, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Estonia (X% per year).

Import Prices by Country

The average ferro-titanium and ferro-silico-titanium import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then fell dramatically in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Cyprus ($X per ton), while the price for Germany ($X per ton) and Russia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform