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Kaolinitic Clays Market in Spain

Market Overview
In , the Spanish kaolinitic clays market decreased by -% to $, falling for the third year in a row after two years of growth. In general, the total consumption indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2017 indices. Spain consumption peaked at $ in 2017; however, from 2018 to , consumption remained at a lower figure.

In value terms, kaolinitic clays production amounted to $ in estimated in export price. Overall, production, however, recorded slight growth. The pace of growth appeared the most rapid in 2012 when the production volume increased by % against the previous year. Spain production peaked at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.


Consumption
In , consumption of kaolinitic clays (ball and plastic clays) increased by % to tons, rising for the second year in a row after three years of decline. Overall, consumption recorded a strong expansion. Spain consumption peaked at tons in 2017; however, from 2018 to , consumption remained at a lower figure.

The revenue of the kaolinitic clays market in Spain expanded significantly to $ in , surging by % 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). In general, the total consumption indicated a notable expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Spain consumption peaked at $ in 2017; however, from 2018 to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for kaolinitic clays in Spain, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Kaolinitic clays market in Spain remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Spain remains a net importer of kaolinitic clays; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.