Cyclanic, cyclenic or cycloterpenic alcohols and derivatives market in Spain

Earlier Report Observations

The market volume for cyclanic, cyclenic or cycloterpenic alcohols and derivatives in Spain demonstrated consistent expansion from 2 511 t in 2018 to 4 799 t by 2021. This upward trajectory paused in 2022 with a minor adjustment to 4 732 t, representing a period of market stabilization.

A renewed and accelerated growth phase began in 2023, with the market reaching 5 308 t. This momentum intensified significantly in 2024, propelling the market volume to 7 199 t. The latter years were shaped by evolving trends in the broader beverage alcohol sector, which utilizes these compounds. A growing consumer focus on low- and no-alcohol options, along with experimentation with new flavors like honey-infused spirits, increased demand for flavoring ingredients. Concurrently, the rise of premium and craft segments, supported by higher disposable income, further stimulated the need for specialty alcohols in production.

Production cyclanic, cyclenic or cycloterpenic alcohols and derivatives in Spain

In value, 2017-2020, K $ US

Production of cyclanic, cyclenic, or cycloterpenic alcohols and derivatives in Spain has declined for the second year in a row. In 2020, output was valued at 41 892 thousand US dollars, marking a 4.3% decrease from 2019. Over the period from 2017 to 2020, production grew by 18.1%, which translates to an annualized rate of 5.7%. The peak was reached in 2018 at 47 978 thousand US dollars. The most significant drop occurred in 2019, with an 8.8% decline, while the largest increase was recorded in 2018, at 35.3%.

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

In kind, 2017-2020, t

Spain's production volume of cyclanic, cyclenic, or cycloterpenic alcohols and derivatives has fallen for the second consecutive year. In 2020, 3 606 tonnes were produced, showing a modest 3.5% decrease compared to the previous year. From 2017 to 2020, overall production decreased by 5%, with a compound annual growth rate of 1.7%. The highest volume was achieved in 2018 at 3 927 tonnes. The steepest decline happened in 2019, with a 4.8% drop, whereas the largest increase was in 2018, at 3.5%.

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

Exports cyclanic, cyclenic or cycloterpenic alcohols and derivatives from Spain

Exports in kind, t

Exports of cyclanic, cyclenic, or cycloterpenic alcohols and derivatives from Spain have declined for the second year in a row. In 2020, Spain exported 3 062 tonnes, with only a marginal change from 2019. Between 2017 and 2020, exports rose by 10.9%, equivalent to an annualized rate of 3.5%. The peak export volume was recorded in 2018 at 3 976 tonnes. The most significant decrease occurred in 2019, with a 22.7% fall, while the largest increase was in 2018, at 44.0%.

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

From 2017 to 2020, three key markets—the Netherlands, the United Kingdom, and Germany—collectively accounted for 51.4% of Spain's total exports in volume of cyclanic, cyclenic, or cycloterpenic alcohols and derivatives.

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

Cross-border shipments of cyclanic, cyclenic, or cycloterpenic alcohols and derivatives from Spain have decreased for the second consecutive year. In 2020, exports reached 50 609 thousand US dollars, reflecting a gradual 6.7% year-on-year reduction. Over the 2017-2020 period, exports increased by 22%, with a compound annual growth rate of 6.9%. The highest value was recorded in 2018 at 68 908 thousand US dollars. The largest decline took place in 2019, with a 21.3% drop, while the most substantial increase was in 2018, at 66.1%.

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

Between 2017 and 2020, three main markets—the Netherlands, the United Kingdom, and Germany—together absorbed 51.5% of Spain's total export value for cyclanic, cyclenic, or cycloterpenic alcohols and derivatives.

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

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

Imports cyclanic, cyclenic or cycloterpenic alcohols and derivatives to Spain

Imports in kind, t

Imports of cyclanic, cyclenic, or cycloterpenic alcohols and derivatives into Spain have increased for the second year in a row. In 2020, imports totaled 3 433 tonnes, showing a sharp rise of 28.2% compared to the previous year. From 2017 to 2020, imports grew by 28.1%, equating to an annualized rate of 8.6%. The lowest volume was recorded in 2018 at 2 560 tonnes. The most significant decrease occurred in 2018, with a 4.5% drop.

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

Over the 2017-2020 period, Germany (with 26.1% of import volume), China (24.6%), and India (14.3%) led as the top suppliers of cyclanic, cyclenic, or cycloterpenic alcohols and derivatives to Spain, together accounting for 65.1% of total import 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

Spain's imports of cyclanic, cyclenic, or cycloterpenic alcohols and derivatives have risen for the third consecutive year. In 2020, imports amounted to 33 744 thousand US dollars, marking a 2.4% increase from the previous year. From 2017 to 2020, imports surged by 41.8%, with a compound annual growth rate of 12.3%.

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

Between 2017 and 2020, Germany (26.2% of import value), China (23.8%), and India (19.0%) were the largest suppliers of cyclanic, cyclenic, or cycloterpenic alcohols and derivatives to Spain, collectively forming 69.0% 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