Articles of yarn, strip, twine, cordage, rope or cables market in Spain

Earlier Report Observations

From 2018 to 2020, the market size for articles of yarn, strip, twine, cordage, rope or cables in Spain increased from 24 638 thousand US dollars to 31 136 thousand US dollars. This growth was driven by rapid urbanization and infrastructure expansion, which raised demand for quality cables and ropes. In 2020, the COVID-19 pandemic caused supply chain disruptions, but accelerated investments in energy and telecommunications infrastructure for economic recovery supported the market.

In 2021, the implementation of the National Integrated Energy and Climate Plan (PNIEC) stimulated demand for cables for renewable energy and power transmission, contributing to market growth to 34 543 thousand US dollars. By 2022, raw material availability issues and inflationary trends restrained growth, but the recovery of tourism activity and continued PNIEC implementation led to market stabilization at 34 726 thousand US dollars.

In 2023, the market size significantly rose to 45 278 thousand US dollars due to sustained demand from the telecommunications sector, data centers, and renewable energy projects. However, in 2024, the market declined to 43 246 thousand US dollars, although major players such as Prysmian remained active, winning a contract for upgrading an inter-island HVDC link.

Production articles of yarn, strip, twine, cordage, rope or cables in Spain

In value, 2017-2020, K $ US

Spain's production of yarn, strip, twine, cordage, rope, or cables has grown for the third year in a row. In 2020, output reached 34 405 thousand US dollars, marking a significant increase of 17.6% compared to the previous year. Over the period from 2017 to 2020, production rose by 47.9%, with an average annual growth rate of 13.9%.

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

In kind, 2017-2020, t

Spain's production of yarn, strip, twine, cordage, rope, or cables has declined for the second consecutive year. In 2020, 4 317 tonnes were produced, showing a moderate decrease of 6.5% year-on-year. The peak was recorded in 2018 at 4 722 tonnes, which also saw the largest increase of 10.8%.

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

Exports articles of yarn, strip, twine, cordage, rope or cables from Spain

Exports in kind, t

In 2020, Spain exported 1 613 tonnes of yarn, strip, twine, cordage, rope, or cables, reflecting a rise of 6.0% from the previous year. However, between 2017 and 2020, exports fell by 5.7%, averaging an annual decline of 1.9%. The lowest volume was in 2019 at 1 521 tonnes, while the highest was in 2018 at 2 351 tonnes. The largest drop occurred in 2019 with a 35.3% decrease, and the biggest increase was in 2018 with a 37.4% rise.

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

From 2017 to 2020, France, the United Kingdom, and Morocco were the main destinations for Spain's exports of yarn, strip, twine, cordage, rope, or cables in volume terms. France accounted for 23.5% of exports, the United Kingdom for 18.5%, and Morocco for 14.2%, together absorbing 56.3% of total exports.

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

Spain's exports of yarn, strip, twine, cordage, rope, or cables have decreased for the second year in a row. In 2020, exports totaled 12 599 thousand US dollars, showing a drop of 9.7% compared to the previous year. Over the period from 2017 to 2020, exports fell by 7.2%, with an average annual decline of 2.5%. The highest value was recorded in 2018 at 14 244 thousand US dollars, which also saw the largest increase of 4.9%.

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

Between 2017 and 2020, Morocco, France, and Brazil were the leading markets for Spain's exports of yarn, strip, twine, cordage, rope, or cables in value terms. Morocco accounted for 23.5% of exports, France for 20.1%, and Brazil for 8.1%, together making up 51.8% of total exports.

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

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

Imports articles of yarn, strip, twine, cordage, rope or cables to Spain

Imports in kind, t

Spain's imports of yarn, strip, twine, cordage, rope, or cables have declined for the third consecutive year. In 2020, imports amounted to 2 030 tonnes, reflecting a moderate drop of 5.2% from the previous year. From 2017 to 2020, imports decreased by 27.6%, with an average annual rate of decline of 10.2%.

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

Over the period from 2017 to 2020, China, Portugal, and Italy consistently led Spain's imports of yarn, strip, twine, cordage, rope, or cables in volume terms. China accounted for 46.5% of imports, Portugal for 12.5%, and Italy for 9.1%, jointly representing 68.1% of total import flows.

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

Spain's imports of yarn, strip, twine, cordage, rope, or cables have fallen for the second year in a row. In 2020, imports were valued at 9 330 thousand US dollars, showing a solid decrease of 14.9% compared to the previous year. From 2017 to 2020, imports decreased by 6.9%, with an average annual decline of 2.4%. The peak value was in 2018 at 11 348 thousand US dollars, which also saw the largest increase of 13.2%.

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

Throughout 2017 to 2020, China, Portugal, and France formed the core group of markets for Spain's imports of yarn, strip, twine, cordage, rope, or cables in value terms. China accounted for 46.4% of imports, Portugal for 7.7%, and France for 6.9%, together making up 60.9% of total import flows.

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

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