Electrical push-button and rotary switches market in Spain

Earlier Report Observations

Between 2018 and 2020, the Spanish market for electrical push-button and rotary switches grew from $384 million to $514 million, with the most notable increase occurring in 2019. Throughout this period, the Low Voltage Electrotechnical Regulation (REBT) was in force, setting installation and safety standards for switches and ensuring steady demand for compliant equipment.

The market expanded sharply to $727 million in 2021. In 2022, amendments to the REBT under Royal Decree 450/2022 took effect, updating technical requirements for power control switches and protective devices, which coincided with a market contraction to $655 million. After a slight increase in 2023, the market declined to $649 million in 2024 amid global supply chain disruptions and geopolitical tensions affecting component availability and costs.

Production electrical push-button and rotary switches in Spain

In value, 2017-2020, M $ US

Production of electrical push-button and rotary switches in Spain has declined for the second year in a row. In 2020, output was valued at 264.0 million US dollars, marking a 7.9% decrease compared to the previous year. Over the period from 2017 to 2020, production fell by 11.7%, with an average annual decline of 4.1%. The highest production value was recorded in 2018 at 310.5 million US dollars, which also saw the largest increase of 3.8%.

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

Exports electrical push-button and rotary switches from Spain

Exports in kind, t

Exports of electrical push-button and rotary switches from Spain have decreased for the second consecutive year. In 2020, Spain exported 6,143 tonnes, representing a significant drop of 20.6% year-over-year. From 2017 to 2020, exports declined by 30.7%, with an average annual decrease of 11.5%. The peak export volume was in 2018 at 9,073 tonnes, which also experienced the largest increase of 2.4%.

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

From 2017 to 2020, France, Morocco, and Portugal were the key destinations for Spain's exports of electrical push-button and rotary switches in volume terms. France accounted for 42.8% of exports, Morocco for 14.2%, and Portugal for 8.5%, together making up 65.6% 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

Exports of electrical push-button and rotary switches from Spain have fallen for the second year in a row. In 2020, export value totaled 181.5 million US dollars, down 23.0% compared to the previous year. Over the 2017-2020 period, exports decreased by 19.6%, with an average annual decline of 7.0%. The highest export value was recorded in 2018 at 280.1 million US dollars, which also saw the largest increase of 24.0%.

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

Between 2017 and 2020, France, Portugal, and Morocco were the main buyers of electrical push-button and rotary switches from Spain in value terms. France represented 40.0% of exports, Portugal 11.1%, and Morocco 9.4%, together comprising 60.5% 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 electrical push-button and rotary switches to Spain

Imports in kind, t

The import market for electrical push-button and rotary switches in Spain showed an unstable trend from 2017 to 2020. Imports reached their lowest point in 2018 at 10,994 tonnes and peaked in 2020 at 30,581 tonnes, representing a 2.8-fold increase between these years. In 2020, imports were 35.6% higher than in 2019. The largest decline occurred in 2018 at 0.7%, while the largest increase was in 2019 at 105.2%.

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

From 2017 to 2020, France, Italy, and Germany were the primary sources of electrical push-button and rotary switches imports to Spain in volume terms. France accounted for 34.3% of imports, Italy for 20.6%, and Germany for 10.9%, together representing 65.8% 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, M $ US

After two years of growth, imports of electrical push-button and rotary switches into Spain declined. In 2020, imports stood at 431.3 million US dollars, down 3.0% from 2019. Between 2017 and 2020, imports increased by 27.9%, equating to an average annual growth rate of 8.5%. The highest import value was recorded in 2019 at 444.5 million US dollars, which also experienced the largest increase of 25.8%.

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

Over the 2017-2020 period, Germany, China, and France were the main suppliers of electrical push-button and rotary switches to Spain in value terms. Germany accounted for 24.0% of imports, China for 22.0%, and France for 17.6%, jointly making up 63.6% 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