Compounded unvulcanised rubber market in Spain, 2026

Earlier Report Observations

The Spanish market for compounded unvulcanised rubber experienced a significant contraction in physical volume between 2018 and 2023, falling from 244.4 thousand tons to 169.2 thousand tons. This decline was most pronounced during 2019 and 2020, with a partial recovery in 2021 that did not sustain into the following years. In value terms, however, the market demonstrated resilience, with the value dropping to $402.4 million in 2020 before recovering to $528.0 million by 2023,接近 the pre-contraction level of $529.4 million in 2018.

This volume contraction was driven by parallel declines in domestic production and imports. Production output decreased from 203.2 thousand tons in 2018 to 165.4 thousand tons in 2023. Imports also fell substantially, from 124.5 thousand tons to 79.2 thousand tons over the same period. While exports showed some volatility, they too trended downward, from 83.3 thousand tons to 75.4 thousand tons, mitigating some of the impact on net market supply.

Preliminary trade data for 2024 indicates a continued adjustment in external flows, with imports rising slightly to 83.9 thousand tons and exports falling to 63.4 thousand tons, suggesting ongoing shifts in the supply structure for the Spanish market.

Production compounded unvulcanised rubber in Spain

In value, 2017-2020, M $ US

Spain's production of compounded unvulcanised rubber declined for the second consecutive year. In 2020, output was valued at 330.4 million US dollars, marking a 14.2% decrease compared to the previous year. Between 2017 and 2020, production fell by 16.3%, which translates to an annualized rate of 5.8%. The highest value was recorded in 2018 at 426.6 million US dollars, with the largest increase that year reaching 8.0%.

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

In kind, 2017-2020, K t

Spain's production of compounded unvulcanised rubber declined for the second consecutive year. In 2020, 151.7 thousand tonnes were produced, down by 16.3% from the prior year. Between 2017 and 2020, production decreased by 18.5%, equating to an annualized rate of 6.6%. The peak was in 2018 at 203.2 thousand tonnes, with the largest increase that year at 9.2%.

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

Exports compounded unvulcanised rubber from Spain

Exports in kind, K t

Spain's exports of compounded unvulcanised rubber declined for the third consecutive year. In 2020, export volume totalled 64.2 thousand tonnes, representing a significant drop of 17.2% compared to the previous year. Between 2017 and 2020, exports fell by 31.1%, which corresponds to an annualized rate of 11.7%.

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

From 2017 to 2020, France, Italy, and Portugal were the main destinations for Spain's exports in kind. France accounted for 20.9% of exports, Italy for 20.1%, and Portugal for 11.5%. Together, these three countries made up 52.5% 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 compounded unvulcanised rubber declined for the third consecutive year. In 2020, exports reached 168.0 million US dollars, showing a substantial decrease of 19.2% compared to 2019. Over the period from 2017 to 2020, exports dropped by 29.5%, with a compound annual growth rate of -11.0%.

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

Throughout 2017 to 2020, France, Italy, and Portugal were the key destinations for Spain's exports in value terms. France represented 22.5% of exports, Italy 18.2%, and Portugal 11.2%. Collectively, they accounted for 51.9% of total export flows.

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

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

Imports compounded unvulcanised rubber to Spain

Imports in kind, K t

Spain's imports of compounded unvulcanised rubber declined for the second consecutive year. In 2020, imports amounted to 85.5 thousand tonnes, indicating a sharp fall of 24.2% compared to 2019. Over the period from 2017 to 2020, imports decreased by 29.1%, with a compound annual growth rate of -10.8%. The highest volume was recorded in 2018 at 124.5 thousand tonnes, with the largest increase that year at 3.3%.

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

From 2017 to 2020, Germany, France, and Italy were the leading suppliers of compounded unvulcanised rubber to Spain in kind. Germany accounted for 41.3% of imports, France for 20.0%, and Italy for 16.2%. Together, these three countries represented 77.5% of total imports.

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 compounded unvulcanised rubber declined for the second consecutive year. In 2020, import volume was recorded at 239.9 million US dollars, equivalent to a 22.5% decrease versus the previous year. Over the period from 2017 to 2020, imports fell by 22.9%, with a compound annual growth rate of -8.3%. The peak value was in 2018 at 338.6 million US dollars, with the largest increase that year at 8.8%.

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

In 2017 to 2020, Germany, France, and Italy dominated Spain's import structure in value terms. Germany made up 38.5% of imports, France 20.4%, and Italy 17.7%. Combined, these three countries accounted for 76.6% 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