Compounded with carbon black or silica market in Spain

Earlier Report Observations

The market for unvulcanised rubber compounded with carbon black or silica in Spain showed a pronounced downward trend between 2018 and 2023. In physical terms, market volume fell from 151.9 thousand tonnes in 2018 to 82.9 thousand tonnes in 2023, a reduction of nearly 45%. In value, the market declined from $340.8 million to $266.3 million over the same period, despite some interim recoveries.

After a steep drop in 2019 and 2020, the market rebounded in 2021, with volume growing by 16.5% to 112.2 thousand tonnes and value rising to $290.4 million. This recovery was partly sustained in 2022, as volume stabilized around 110.9 thousand tonnes and value reached $328.6 million. However, 2023 saw a sharp contraction, with market volume plunging 25.3% to 82.9 thousand tonnes and value dropping to $266.3 million.

Throughout this period, Spain remained a significant player in the international trade of this product. Data for 2023 and 2024 highlight that Spanish companies were among the leading commercial origins for compounded rubber globally, with exports valued at $204.9 million in 2023 and $171.3 million in 2024. This strong export orientation suggests that domestic market dynamics were influenced by external demand and the competitive position of Spanish producers on the world stage.

Production compounded with carbon black or silica in Spain

In value, 2017-2020, M $ US

Spain's production of compounded with carbon black or silica has declined for the second consecutive year. In 2020, output was valued at 189.7 million US dollars, down 13.9% from the previous year. Between 2017 and 2020, production decreased by 15%, representing an annualized decline of 5.3%. The highest value was recorded in 2018 at 251.4 million US dollars, which also saw the largest increase of 12.7%.

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

In kind, 2017-2020, K t

Spain's production volume of compounded with carbon black or silica has fallen for the second year in a row. In 2020, 80.8 thousand tonnes were produced, a decrease of 13.3% compared to 2019. Over the period from 2017 to 2020, production dropped by 16.2%, with a compound annual growth rate of -5.7%. The peak was in 2018 at 112.0 thousand tonnes, which experienced the largest increase of 16.2%, while the largest decline occurred in 2019 at 16.8%.

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

Exports compounded with carbon black or silica from Spain

Exports in kind, K t

Spain's exports of compounded with carbon black or silica have declined for the third consecutive year. In 2020, exports stood at 44.9 thousand tonnes, reflecting a sharp drop of 23.4% compared to 2019. Between 2017 and 2020, exports decreased by 33.1%, equating to an annualized decline of 12.5%.

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

From 2017 to 2020, the three largest markets for Spain's exports in kind were Italy, France, and Portugal, which together accounted for 53.2% of total 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 with carbon black or silica have fallen for the third year in a row. In 2020, exports totaled 118.8 million US dollars, down 21.6% from 2019. Between 2017 and 2020, exports decreased by 30.5%, representing an annualized decline of 11.4%.

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

Over the period 2017–2020, France, Italy, and Portugal were the top buyers of compounded with carbon black or silica from Spain in value terms, with shares of 23.1%, 19.6%, and 10.3% respectively. Together, they made up 53.1% 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 compounded with carbon black or silica to Spain

Imports in kind, K t

Spain's imports of compounded with carbon black or silica have declined for the second consecutive year. In 2020, imports reached 60.4 thousand tonnes, marking a significant drop of 29.5% compared to the previous year. Between 2017 and 2020, imports decreased by 33.5%, equating to an annualized decline of 12.7%. The highest volume was recorded in 2018 at 100.2 thousand tonnes, which also saw the largest increase of 10.2%.

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

During 2017–2020, Germany, France, and Italy formed the main cluster of suppliers for Spain's imports in kind, with shares of 44.9%, 18.1%, and 11.4% respectively. Together, they accounted for 74.5% 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 compounded with carbon black or silica have decreased for the second year in a row. In 2020, import value was recorded at 158.5 million US dollars, down 29.3% from the prior year. Between 2017 and 2020, imports fell by 28.5%, representing an annualized decline of 10.6%. The peak value was in 2018 at 257.0 million US dollars, which experienced the largest increase of 15.9%.

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

From 2017 to 2020, Germany, France, and Italy were the primary suppliers of compounded with carbon black or silica to Spain in value terms, with shares of 39.8%, 20.1%, and 11.2% respectively. Combined, they comprised 71.1% 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