Acyclic aldehydes market in Spain

Earlier Report Observations

The market for acyclic aldehydes in Spain displayed considerable volatility in physical volume between 2018 and 2024. Starting from 114 thousand tons in 2018, consumption fell sharply to 88 thousand tons the following year. After a partial recovery to 92 thousand tons in 2021, the market volume contracted again to 82 thousand tons in 2022 and reached a low of 69 thousand tons in 2023, before rebounding to 78 thousand tons in 2024.

In value terms, the market followed a distinct pattern, declining from $63.8 million in 2018 to $51.6 million in 2019, then growing to $60.5 million in 2021 and $61.4 million in 2022. This was followed by a significant drop to $44.6 million in 2023 and a subsequent increase to $55.7 million in 2024. The differing trajectories of volume and value indicate notable shifts in average prices or product composition over the period.

Domestic production trended downward from 108 thousand tons in 2018 to 65 thousand tons in 2023, before recovering to 73 thousand tons in 2024. Imports and exports also decreased over the period, with imports falling from 18 thousand tons to 14 thousand tons between 2018 and 2023, and exports declining from 12 thousand tons to 10 thousand tons.

Production acyclic aldehydes in Spain

In value, 2017-2020, K $ US

The market showed an unstable trend throughout the period. Production volumes reached their lowest point in 2019 and peaked in 2018, representing a 1.5-fold difference between these years. In 2019, the output of acyclic aldehydes in Spain was valued at 31 366 K $ US, marking a significant decline of 32.2% compared to the previous year. The highest value was recorded in 2018 at 46 250 K $ US, which also saw the largest increase of 40.1%.

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

In kind, 2017-2020, K t

In 2019, Spain produced 81.3 K t of acyclic aldehydes, down by 24.5% compared to 2018. Over the period from 2017 to 2019, production decreased by 6.6%, with a compound annual growth rate (CAGR) of 2.2%. The peak production volume was recorded in 2018 at 107.7 K t, which also experienced the largest increase of 23.8%.

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

Exports acyclic aldehydes from Spain

Exports in kind, t

After a two-year uptick, the volume of acyclic aldehydes exported from Spain declined. In 2020, Spain exported 10 845 t, showing a decrease of 9.8% compared to the previous year. The highest export volume was recorded in 2019 at 12 019 t, while the largest increase occurred in 2018 at 8.9%.

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

From 2017 to 2020, France held the dominant position in exports by volume, accounting for 76.0% of total flows, with the remaining share distributed among various smaller destinations.

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, K $ US

In 2020, the value of acyclic aldehydes exported from Spain amounted to 23 291 K $ US, up by 6.9% compared to the prior year. Over the period from 2017 to 2020, exports increased by 27.5%, with a compound annual growth rate (CAGR) of 8.4%. The largest decline was recorded in 2019 at 0.5%, while the largest increase occurred in 2018 at 19.8%.

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

From 2017 to 2020, France (20.6% of exports by value), Italy (9.1%), and Germany (8.8%) were among the largest buyers of acyclic aldehydes from Spain. However, even combined, they represented just 38.6% of total exports by value, indicating a broadly diversified partner base.

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

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

Imports acyclic aldehydes to Spain

Imports in kind, t

After a two-year increase, Spain's import volume of acyclic aldehydes declined. In 2020, imports stood at 18 367 t, indicating a decrease of 4.3% compared to the previous year. Between 2017 and 2020, imports increased by 4.9%, equating to an annualized rate of 1.6%. The peak import volume was recorded in 2019 at 19 198 t, which also saw the largest increase of 7.4%.

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

Over the period from 2017 to 2020, imports of acyclic aldehydes to Spain by volume were largely concentrated on Germany, which accounted for 75.8% of total flows, with other countries together forming the residual share.

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, K $ US

After a two-year increase, Spain's import value of acyclic aldehydes declined. In 2020, imports reached 40 198 K $ US, representing a moderate decrease of 4.4% compared to 2019. Over the period from 2017 to 2020, imports increased by 22.8%, with a compound annual growth rate (CAGR) of 7.1%. The highest import value was recorded in 2019 at 42 061 K $ US, while the largest increase occurred in 2018 at 20.6%.

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

Throughout 2017 to 2020, Germany (57.0% of imports by value), Japan (13.1%), and China (7.5%) remained the main sources for imports of acyclic aldehydes to Spain, jointly accounting for 77.6% 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