ABS copolymers in primary forms market in Spain

Earlier Report Observations

The market for ABS copolymers in primary forms in Spain showed considerable volatility between 2018 and 2024. Starting at 134.4 million USD in 2018, the market size grew to 206.6 million USD by 2021, followed by a drop to 138.8 million USD in 2022 and a rebound to 219.6 million USD in 2023.

The market contracted sharply to 131.7 million USD in 2024. This decline coincided with significant volatility in the prices of key raw materials—acrylonitrile, butadiene, and styrene—driven by oil price fluctuations and supply disruptions, which increased production costs and reduced import volumes. Furthermore, new European regulatory frameworks, such as the one established in April 2024 to ensure a secure and sustainable supply of critical raw materials, potentially affected monomer availability and costs for ABS production.

Amid these market conditions, June 2024 saw the launch of new recycled ABS and SAN resin grades by Trinseo under the MAGNUM ECO and TYRIL CR brands, reflecting a industry shift towards sustainable materials despite the overall market contraction.

Production ABS in primary forms in Spain

In value, 2017-2020, M $ US

Spain's production of ABS copolymers in primary forms declined for the third consecutive year. In 2020, output was valued at 158.8 million US dollars, marking a 7.5% decrease from the previous year. Over the period from 2017 to 2020, production fell by 31.3%, with an average annual decline of 11.8%.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

In kind, 2017-2020, K t

After two years of decline, Spain's production volume of ABS copolymers in primary forms increased. In 2020, 84.0 thousand tonnes were produced, showing a modest 7.4% year-over-year advance. Between 2017 and 2020, overall production decreased by 16.5%, equivalent to an annualized rate of 5.8%. The lowest volume was recorded in 2019 at 78.2 thousand tonnes, while the largest decline occurred in 2018 at 15.8%.

Annual dynamics of production in Spain in kind, 2017-2020, K t

Exports ABS in primary forms from Spain

Exports in kind, t

In 2020, the volume of ABS copolymers in primary forms exported from Spain amounted to 91 354 tonnes, which is 8.2% lower than the previous year. The highest volume was recorded in 2019 at 99 525 tonnes, with the largest increase also occurring in 2019 at 8.0%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, the country breakdown of exports in kind was relatively scattered. Germany accounted for 18.2% of exports, Italy for 17.8%, and Poland for 13.8%, together making up just 49.8% of total flows, with no single partner emerging as clearly dominant.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

Exports of ABS copolymers in primary forms from Spain declined for the second consecutive year. In 2020, exports reached 157.3 million US dollars, representing a modest 4.6% decrease from 2019. Between 2017 and 2020, exports fell by 25%, equating to an annualized rate of 9.1%. The highest value was recorded in 2018 at 226.3 million US dollars, with the largest decline occurring in 2019 at 27.1% and the largest increase in 2018 at 8.0%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

From 2017 to 2020, Germany, Italy, and Poland remained the leading destinations in the country structure of exports in value terms. Germany accounted for 21.5% of exports, Italy for 19.5%, and Poland for 14.4%, together representing 55.4% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports ABS in primary forms to Spain

Imports in kind, t

The market showed signs of volatility over the observed period. The lowest import volume was recorded in 2017, while the highest was reached in 2020, reflecting a 2.1-fold gap between these years. In 2020, Spain imported 87 272 tonnes of ABS copolymers in primary forms, representing a sharp 78.8% increase compared to 2019. The largest decline occurred in 2019 at 22.5%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, three main markets—Belgium, South Korea, and Germany—together absorbed 58.7% of total imports in kind of ABS copolymers in primary forms to Spain.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

Imports of ABS copolymers in primary forms into Spain increased for the third consecutive year. In 2020, import volume stood at 165.2 million US dollars, representing a 4.1% year-over-year increase. Between 2017 and 2020, imports rose by 81.2%, equating to an annualized rate of 21.9%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

From 2017 to 2020, Germany, Belgium, and Italy remained the leading destinations in the country structure of imports in value terms. Germany accounted for 24.8% of imports, Belgium for 18.0%, and Italy for 16.7%, together making up 59.4% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020