Asphalt or similar material articles in rolls market in Spain

Earlier Report Observations

The Spanish market for asphalt articles in rolls grew steadily from a value of 67.7 M $ US in 2018 to 118.4 M $ US in 2022. This expansion was driven by a substantial increase in domestic production, which more than doubled from 2020 to 2022, alongside rising export volumes.

In 2023, the market value contracted sharply to 81.0 M $ US. This decline coincided with an 8.6% drop in national asphalt production, as reported by the Spanish Association of Asphalt Mix Manufacturers (ASEFMA). The market remained predominantly focused on superficial road rehabilitation works rather than deep structural renewal, which limited overall volume. A long-term accumulated deficit in road maintenance since 2011 also contributed to insufficient production capacity to meet infrastructure needs.

Market value stabilized at 82.1 M $ US in 2024. Regulatory developments, including the Ministry of Transport's Circular Order 1/2024, set new standards for composite materials and bituminous mixtures, influencing production practices. Simultaneously, initiatives like Madrid's 'Operación Asfalto 2024' promoted the use of more sustainable semi-warm mixes and asphalt incorporating recycled rubber, shifting the industry toward greener solutions. ASEFMA reported an 8.9% decline in bitumen consumption for asphalt mixes, reflecting this market transformation toward efficient and environmentally conscious materials.

Production asphalt articles in rolls in Spain

In value, 2017-2020, K $ US

After two consecutive years of growth, Spain's production of asphalt or similar material articles in rolls declined in 2020. The output was valued at 85 906 thousand US dollars, representing a 5.2% decrease compared to the previous year. Over the period from 2017 to 2020, production increased by 5%, which translates to an average annual growth rate of 1.6%. The highest value was recorded in 2019 at 90 601 thousand US dollars, while the largest year-on-year increase occurred in 2018 with a 10.1% rise.

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

In kind, 2017-2020, K m²

In 2020, Spain produced 37 664 thousand square meters of asphalt or similar material articles in rolls, marking a slight decline of 1.7% from the previous year. From 2017 to 2020, production grew by 5.3%, averaging an annual increase of 1.7%. The lowest output was recorded in 2018 at 35 391 thousand square meters, while the peak was reached in 2019 with 38 322 thousand square meters. The most significant year-on-year growth occurred in 2019, with an 8.3% increase.

Annual dynamics of production in Spain in kind, 2017-2020, K m²

Exports asphalt articles in rolls from Spain

Exports in kind, K m²

Spain's exports of asphalt or similar material articles in rolls increased for the second year in a row in 2020. The export volume reached 16 443 thousand square meters, showing a substantial 37.8% rise compared to the previous year. Over the 2017-2020 period, exports grew by 41.3%, corresponding to a compound annual growth rate of 12.2%. The lowest export volume was recorded in 2018 at 9 537 thousand square meters, which also saw the largest decline of 18.0% that year.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K m²

From 2017 to 2020, France, Morocco, and Portugal were the main destinations for Spain's exports of asphalt or similar material articles in rolls by volume. France accounted for 42.9% of exports, Morocco for 15.0%, and Portugal for 10.3%. Together, these three markets represented 68.3% of total export flows during this period.

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 export value of asphalt or similar material articles in rolls declined for the third consecutive year in 2020. The exports amounted to 18 771 thousand US dollars, reflecting a sharp 23.0% drop compared to the previous year. Between 2017 and 2020, export value decreased by 33.7%, which equates to an average annual decline of 12.8%.

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

During the 2017-2020 period, France, Morocco, and Portugal were the leading markets for Spain's exports of asphalt or similar material articles in rolls by value. France held a 31.4% share, Morocco 16.0%, and Portugal 12.4%. Combined, these three countries accounted for 59.8% of total export value.

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 articles in rolls to Spain

Imports in kind, K m²

Spain's imports of asphalt or similar material articles in rolls showed an unstable trend from 2017 to 2020. Imports reached their lowest point in 2019 at 909 thousand square meters, then surged to 3 141 thousand square meters in 2020, representing a dramatic 245.4% increase compared to the previous year. The peak was recorded in 2017, with imports 3.9 times higher than the 2019 trough. The largest decline occurred in 2018, with a 58.3% drop.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K m²

From 2017 to 2020, Portugal, Italy, and France were the primary sources of asphalt or similar material articles in rolls imported into Spain by volume. Together, these three countries accounted for 82.2% of total imports during this timeframe.

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 import value of asphalt or similar material articles in rolls displayed considerable volatility from 2017 to 2020. The value reached its lowest point in 2019 at 2 071 thousand US dollars, then increased to 4 362 thousand US dollars in 2020, marking a 110.6% rise compared to the previous year. The peak in 2020 was 2.1 times higher than the 2019 trough. The most significant decline was recorded in 2018, with a 27.1% decrease.

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

During the 2017-2020 period, Italy, Portugal, and France were the main suppliers of asphalt or similar material articles in rolls to Spain by value. Italy accounted for 33.0% of imports, Portugal for 25.9%, and France for 17.5%. Together, these three countries represented 76.3% of total import value.

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

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