Cyclanic, cyclenic or cycloterpenic ethers and derivatives market in Spain

Earlier Report Observations

Between 2018 and 2021, the Spanish market for cyclanic, cyclenic or cycloterpenic ethers and derivatives showed fluctuating volume, reaching a peak of 497 t in 2020 before moderating to 442 t in 2021. Meanwhile, the market value demonstrated consistent growth, rising from $14.9 million to $21.6 million, signaling a move toward higher-value products or underlying price increases.

Regulatory developments began influencing the market from 2022. The entry into force of Regulation (EU) 2018/848 on organic production and labeling on January 1, 2022, altered the list of authorized substances, potentially boosting demand for specific derivatives used in organic farming. Concurrently, Spain's participation in growing imports of cyclanic hydrocarbons improved raw material availability for domestic production. In 2023, further modifications to the lists of permitted substances and the approval of state aid for energy transition projects supported innovation, contributing to a market volume increase to 456 t.

By 2024, the market volume recovered to 497 t, while the value climbed to $27.2 million, continuing the established upward trend and reflecting sustained demand likely supported by the evolving regulatory environment.

Production cyclanic, cyclenic or cycloterpenic ethers and derivatives in Spain

In value, 2017-2020, K $ US

Spain's production of cyclanic, cyclenic, or cycloterpenic ethers and derivatives has increased for the third consecutive year. In 2020, output reached 19 006 thousand US dollars, marking a 4.8% rise from the previous year. Over the period from 2017 to 2020, production grew by 43.9%, with a compound annual growth rate of 12.9%.

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

In kind, 2017-2020, t

Spain's production of cyclanic, cyclenic, or cycloterpenic ethers and derivatives has increased for the third consecutive year. In 2020, Spain produced 331.0 tonnes, reflecting a 1.5% gain compared to the previous year. From 2017 to 2020, production rose by 10.3%, with a compound annual growth rate of 3.3%.

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

Exports cyclanic, cyclenic or cycloterpenic ethers and derivatives from Spain

Exports in kind, t

Spain's exports of cyclanic, cyclenic, or cycloterpenic ethers and derivatives have increased for the second consecutive year. In 2020, exports amounted to 273.1 tonnes, up by 27.5% year-over-year. Over the period from 2017 to 2020, exports grew by 56.1%, with a compound annual growth rate of 16.0%. The lowest export volume was recorded in 2018 at 141.1 tonnes, which saw the largest decline of 19.3%. In contrast, the largest increase occurred in 2019, with a 51.7% rise.

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

From 2017 to 2020, Spain's exports of cyclanic, cyclenic, or cycloterpenic ethers and derivatives were widely dispersed across partner countries. Switzerland accounted for 20.8% of exports in kind, the United States for 14.5%, and the Netherlands for 11.9%. Together, these three countries represented 47.2% 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, K $ US

Spain's exports of cyclanic, cyclenic, or cycloterpenic ethers and derivatives have increased for the second consecutive year. In 2020, export volume reached 5 991 thousand US dollars, representing a 19.2% rise year-over-year. Over the period from 2017 to 2020, exports grew by 41.2%, with a compound annual growth rate of 12.2%. The lowest value was recorded in 2018 at 3 836 thousand US dollars, which saw the largest decline of 9.6%. The largest increase occurred in 2019, with a 31.0% rise.

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

From 2017 to 2020, Switzerland, the United States, and the Netherlands consistently remained the main destinations for Spain's exports in value terms. Switzerland accounted for 22.9% of exports, the United States for 17.2%, and the Netherlands for 10.7%. Together, these three countries represented 50.8% 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 cyclanic, cyclenic or cycloterpenic ethers and derivatives to Spain

Imports in kind, t

The market showed signs of volatility over the observed period. Imports reached their lowest point in 2019 at 241.7 tonnes and peaked in 2020 at 438.7 tonnes, representing a 1.8-fold difference between these years. In 2020, Spain imported 438.7 tonnes, indicating an intense increase of 81.5% compared to the previous year. The largest decline was recorded in 2018 at 12.3%.

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

From 2017 to 2020, China, France, and India made the biggest contribution to Spain's imports in kind. China accounted for 34.5% of imports, France for 23.3%, and India for 13.7%. Together, these three countries represented 71.5% 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, K $ US

Spain's imports of cyclanic, cyclenic, or cycloterpenic ethers and derivatives have increased for the second consecutive year. In 2020, Spain imported a total of 3 961 thousand US dollars, indicating a substantial improvement of 16.8% compared to the previous year. Over the period from 2017 to 2020, imports grew by 39.9%, with a compound annual growth rate of 11.8%. The lowest value was recorded in 2018 at 2 961 thousand US dollars, which saw the largest decline of 6.4%. The largest increase occurred in 2019, with a 28.0% rise.

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

From 2017 to 2020, China, France, and India together accounted for 85.2% of Spain's total imports in value terms, remaining the main sources for cyclanic, cyclenic, or cycloterpenic ethers and derivatives. China represented 63.6% of imports, France 12.8%, and India 8.9%.

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

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