Asphalt and bitumen articles market in Spain

Earlier Report Observations

From 2018 to 2024, the Spanish market for asphalt and bitumen articles experienced notable volatility, with its value expanding from $91.3 million to a peak of $146.1 million in 2022 before contracting to $119.1 million in 2023 and recovering to $131.4 million in 2024. This trajectory mirrored shifts in infrastructure investment and material demand across the period.

The sharp market expansion in 2021, where value jumped by nearly 50% to $137.9 million, was primarily fueled by extensive road construction and maintenance activities. The paving segment, representing the largest market share, drove significant demand for bitumen, as highways, roads, and runway projects across Spain required substantial asphalt volumes.

Market value declined in 2023, coinciding with an 8.9% drop in bitumen consumption for asphalt mixtures and a reported decrease in asphalt production. This downturn occurred alongside industry appeals for integrating road maintenance into broader European policy frameworks. The partial recovery in 2024 was supported by technological advancements, including energy optimization and decarbonization at bituminous emulsion plants, alongside growing adoption of recycled asphalt in mixes, promoting more sustainable construction practices.

Production asphalt and bitumen articles in Spain

In value, 2017-2020, M $ US

After two consecutive years of growth, Spain's production of asphalt and bitumen articles declined. In 2019, output reached its peak at 119.6 million US dollars, but by 2020 it had fallen to 115.9 million US dollars, representing a gradual decline of 3.1% compared to the previous year. Over the period from 2017 to 2020, production increased by 5.7%, which translates to an annualized growth rate of 1.9%. The largest year-on-year increase occurred in 2018, when production rose by 7.5%.

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

Exports asphalt and bitumen articles from Spain

Exports in kind, t

In 2020, Spain's exports of asphalt and bitumen articles amounted to 49 773 tonnes, marking a moderate drop of 4.3% compared to 2019. Over the four-year period from 2017 to 2020, exports decreased by 5.3%, with a compound annual growth rate of -1.8%. The lowest export volume was recorded in 2018 at 45 042 tonnes, which saw the largest decline of 14.3% that year. In contrast, exports rebounded in 2019 with the largest increase of 15.5%.

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

From 2017 to 2020, France, Portugal, and Morocco were the key export partners for Spain's asphalt and bitumen articles in terms of volume. France accounted for 29.6% of exports, Portugal for 15.3%, and Morocco for 14.5%. Together, these three countries represented 59.4% of Spain's total export flows in this category.

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, Spain exported asphalt and bitumen articles worth 30 721 thousand US dollars, which constituted a significant decrease of 11.5% compared to 2019. Over the period from 2017 to 2020, exports declined by 15.4%, with a compound annual growth rate of -5.4%. The largest increase in export value was recorded in 2019, when it rose by 5.0%.

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

Between 2017 and 2020, France, Portugal, and Morocco continued to lead as the top buyers of Spain's asphalt and bitumen articles in value terms. France accounted for 25.7% of exports, Portugal for 15.2%, and Morocco for 12.2%. Collectively, these three markets represented 53.0% of Spain's total export value in this sector.

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

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

Imports asphalt and bitumen articles to Spain

Imports in kind, t

Spain's imports of asphalt and bitumen articles increased for the second consecutive year. In 2020, imports reached 11 967 tonnes, reflecting a sharp gain of 32.1% compared to 2019. However, over the broader period from 2017 to 2020, imports decreased by 26.1%, with a compound annual growth rate of -9.6%. The lowest import volume was recorded in 2018 at 8 581 tonnes, which saw the largest decline of 47.0% that year.

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

From 2017 to 2020, three principal markets—Portugal, Lithuania, and Italy—together accounted for 70.0% of Spain's total imports of asphalt and bitumen articles in terms of volume.

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 decline, Spain's imports of asphalt and bitumen articles increased. In 2020, imports stood at 7 826 thousand US dollars, reflecting a rise of 29.0% compared to 2019. Over the period from 2017 to 2020, imports increased by 12.9%, with a compound annual growth rate of 4.1%. The lowest import value was recorded in 2019 at 6 068 thousand US dollars, while the largest decline occurred in 2018 with a drop of 6.4%.

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

Throughout 2017 to 2020, France, Italy, and Portugal remained the main markets for Spain's imports of asphalt and bitumen articles in value terms. France accounted for 23.7% of imports, Italy for 23.5%, and Portugal for 17.0%. Together, these three countries represented 64.3% of Spain's total import flows in this category.

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

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