Cellular PU plates, sheets, film, foil and strip market in Spain

Earlier Report Observations

The Spanish market for cellular PU plates, sheets, film, foil and strip showed significant volatility in physical volume from 2018 to 2024. The period began with a contraction, as market size fell from 88 thousand tons in 2018 to 77 thousand tons in 2020. A strong recovery followed, lifting the market to a peak of 106 thousand tons in 2022, before a sharp decline returned it to 77 thousand tons by 2024.

In monetary value, the market mirrored this pattern, rising to a high of 413 million US dollars in 2021 before falling steadily to 273 million US dollars in 2024. The movements in domestic production and net trade contributed to these overall market size fluctuations throughout the period.

Production cellular PU plates, sheets, film, foil and strip in Spain

In value, 2017-2020, M $ US

Spain's production of cellular PU plates, sheets, film, foil, and strip declined for the second year in a row. In 2020, output was valued at 266.9 million US dollars, marking an 8.2% decrease from 2019. Over the period from 2017 to 2020, production fell by 15.3%, which translates to an annualized decline of 5.4%. The highest production value was recorded in 2018 at 336.0 million US dollars, with the largest increase that year of 6.7%. The most significant drop occurred in 2019, with a 13.5% decrease.

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

In kind, 2017-2020, t

Spain's production of cellular PU plates, sheets, film, foil, and strip decreased for the second consecutive year. In 2020, the country produced 74,376 tonnes, which is 6.4% lower than in 2019. From 2017 to 2020, production declined by 2.3%, averaging an annual decrease of 0.8%. The peak production was in 2018 at 82,298 tonnes, with the largest increase that year of 8.1%.

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

Exports cellular PU plates, sheets, film, foil and strip from Spain

Exports in kind, t

In 2020, Spain exported 25,658 tonnes of cellular PU plates, sheets, film, foil, and strip, representing a 12.6% decline from the previous year. Over the 2017-2020 period, exports fell by 7.8%, with a compound annual growth rate (CAGR) of -2.7%. The lowest export volume was in 2018 at 22,743 tonnes, with the largest decrease that year of 18.3%. The highest export volume was in 2019 at 29,367 tonnes, which saw the biggest increase of 29.1%.

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

From 2017 to 2020, France, Portugal, and Saudi Arabia were the key destinations for Spain's exports of cellular PU plates, sheets, film, foil, and strip in volume terms. France accounted for 34.8% of exports, Portugal for 16.7%, and Saudi Arabia for 5.3%, together making up 56.8% of total export flows.

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

Spain's exports of cellular PU plates, sheets, film, foil, and strip declined for the second consecutive year. In 2020, exports were valued at 81.4 million US dollars, a 15.4% drop from 2019. Between 2017 and 2020, exports decreased by 20.2%, equating to an annualized decline of 7.3%. The highest export value was in 2018 at 107.0 million US dollars, with the largest increase that year of 4.9%.

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

During 2017-2020, France, Portugal, and Morocco led Spain's export structure in value terms. France represented 31.4% of exports, Portugal 21.9%, and Morocco 7.0%, together accounting for 60.2% 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 cellular PU plates, sheets, film, foil and strip to Spain

Imports in kind, t

In 2020, Spain imported 27,923 tonnes of cellular PU plates, sheets, film, foil, and strip, a 17.0% decrease from 2019. From 2017 to 2020, imports fell by 7%, averaging an annual decline of 2.4%. The highest import volume was in 2019 at 33,642 tonnes, with the largest increase that year of 16.9%.

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

From 2017 to 2020, Portugal, Italy, and France were the main sources for Spain's imports of cellular PU plates, sheets, film, foil, and strip in volume terms. Portugal accounted for 63.2% of imports, Italy for 12.4%, and France for 9.4%, together representing 85.0% 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, M $ US

Spain's imports of cellular PU plates, sheets, film, foil, and strip declined for the second year in a row. In 2020, imports reached 109.5 million US dollars, a 9.3% drop from the previous year. Over the 2017-2020 period, imports decreased by 3%, with an annualized decline of 1.0%. The highest import value was in 2018 at 122.8 million US dollars, with the largest increase that year of 8.8%.

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

Between 2017 and 2020, Portugal, Italy, and Germany were the primary suppliers of cellular PU plates, sheets, film, foil, and strip to Spain in value terms. Portugal accounted for 55.5% of imports, Italy for 13.4%, and Germany for 8.1%, jointly making up 77.0% 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