Corrugated Paper Market Overview in Spain
Market Overview
In 2019, the Spanish corrugated paper market decreased by -
% to $ for the first time since 2016, thus ending a two-year rising trend. The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of % against the previous year. Corrugated paper consumption peaked at $ in 2018, and then fell in the following year.
In value terms, corrugated paper production declined to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by % against the previous year. Corrugated paper production peaked at $ in 2018, and then fell in the following year.
% to $ for the first time since 2016, thus ending a two-year rising trend. The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of % against the previous year. Corrugated paper consumption peaked at $ in 2018, and then fell in the following year.In value terms, corrugated paper production declined to $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by % against the previous year. Corrugated paper production peaked at $ in 2018, and then fell in the following year.Consumption
In 2019, after two years of growth, there was decline in consumption of corrugated paper and paperboard, when its volume decreased by -% to tonnes. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2018, and then reduced in the following year.
The size of the corrugated paper market in Spain shrank to $ in 2019, falling 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2018, and then fell in the following year.
% to tonnes. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2018, and then reduced in the following year.The size of the corrugated paper market in Spain shrank to $
in 2019, falling 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2018, and then fell in the following year.Market Forecast
Driven by increasing demand for corrugated paper in Spain, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of corrugated paper in Spain were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for corrugated paper.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report