Updated Jan 12, 2023 03:12

Market for Ceramic Wares For Laboratory Or Technical Uses in Spain

Market Overview
The Spanish market for ceramic wares for laboratory or technical uses skyrocketed to $ in , with an increase of % 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). Over the period under review, consumption posted a slight increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In value terms, production of ceramic wares for laboratory or technical uses reduced dramatically to $ in estimated in export price. Overall, production saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by % against the previous year. Production of peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.


Consumption
In , consumption of ceramic wares for laboratory or technical uses in Spain soared to tons, picking up by % compared with figures. In general, consumption posted a measured increase. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.

The value of the market for ceramic wares for laboratory or technical uses in Spain surged to $ in , with an increase of % 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). Over the period under review, consumption showed modest growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.


Market Forecast
The market for ceramic wares for laboratory or technical uses is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract 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
Driven by a growing demand, the share of imports in total supply in Spain increased significantly over the last fifteen-year period (from % to %). In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Spain remains a net importer of ceramic wares for laboratory or technical uses; 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.