Fittings for buildings market in Spain

Earlier Report Observations

The market for base metal fittings for buildings in Spain showed considerable volatility from 2018 to 2024. After growing to 73 648 t in 2019, consumption fell sharply to 48 024 t in 2020, then recovered to levels around 66 000 t in 2021 and 2022. A contraction to 60 188 t occurred in 2023, followed by a strong 37% expansion to 82 473 t in 2024. In value terms, the market reached its peak of 262.1 million $ US in 2021.

The market decline in 2023 aligned with a slowdown in demand for industrial metals, influenced by lower forecasts from China, which stabilized raw material costs but likely tempered manufacturing and construction activity. The robust recovery in 2024 was supported by stabilized global metal prices, reducing input cost uncertainty, and by continued growth in the building maintenance sector, where public programs for energy efficiency and renewable energy created sustained demand for metal fittings and mountings.

Production fittings for buildings in Spain

In value, 2017-2020, M $ US

Production of building fittings in Spain declined for the second consecutive year. In 2020, output was valued at 109.0 million US dollars, reflecting a slight year-over-year drop of 2.1%. Between 2017 and 2020, production increased by 7.8%, equating to an annualized growth rate of 2.5%. The highest value was recorded in 2018 at 116.0 million US dollars, which also saw the largest increase of 14.7%. The largest decline occurred in 2019, with a decrease of 4.0%.

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

In kind, 2017-2020, t

Spain's production of building fittings declined for the second consecutive year. In 2020, 37 276 tonnes of fittings were produced, representing a 7.7% year-over-year decrease. Over the period from 2017 to 2020, production fell by 5.6%, with a compound annual growth rate of -1.9%. The peak was reached in 2018 with 42 735 tonnes, which also saw the largest increase of 8.3%.

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

Exports fittings for buildings from Spain

Exports in kind, t

Exports of building fittings from Spain increased for the second consecutive year. In 2020, Spain exported 9 393 tonnes, marking a significant 22.1% rise compared to 2019. From 2017 to 2020, exports grew by 14.8%, with a compound annual growth rate of 4.7%. The lowest volume was recorded in 2018 at 7 507 tonnes, which also experienced the largest decline of 8.2%.

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

From 2017 to 2020, Portugal, France, and the United States remained the main buyers of building fittings from Spain. Portugal accounted for 33.1% of exports in kind, France for 9.7%, and the United States for 8.4%. Together, these three countries formed 51.2% of total exports in kind.

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

In 2020, exports of building fittings from Spain amounted to 80.0 million US dollars, showing a gradual year-over-year advance of 6.7%. Between 2017 and 2020, exports increased by 12.7%, equating to an annualized growth rate of 4.1%. The highest value was recorded in 2018 at 80.7 million US dollars, which also saw the largest increase of 13.7%. The largest decline occurred in 2019, with a decrease of 7.1%.

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

From 2017 to 2020, Portugal, France, and Mexico played notable roles as buyers of building fittings from Spain. Portugal accounted for 28.2% of exports in value terms, France for 9.2%, and Mexico for 6.7%. However, their combined share reached only 44.1% of total exports in value terms, indicating they were not dominant.

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

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

Imports fittings for buildings to Spain

Imports in kind, t

Import volumes of building fittings into Spain showed volatility during these years. In 2020, imports stood at 20 141 tonnes, down by 50.8% compared to the previous year. The peak was recorded in 2019 at 40 956 tonnes, which also saw the largest increase of 111.9%. From the trough in 2017 to the peak in 2019, imports changed by 2.2-fold.

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

Over the period from 2017 to 2020, Italy, China, and Germany led as suppliers of building fittings to Spain. Italy accounted for 33.3% of imports in kind, China for 30.4%, and Germany for 17.1%. Their combined share reached 80.8% of total imports in kind.

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 a two-year rise, imports of building fittings into Spain declined. In 2020, imports stood at 139.5 million US dollars, which is 6.4% less year-over-year. Over the period from 2017 to 2020, imports increased by 11.2%, with a compound annual growth rate of 3.6%. The highest value was recorded in 2019 at 149.0 million US dollars, and the largest increase occurred in 2018 with a rise of 17.8%.

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

Throughout 2017 to 2020, China, Germany, and Italy remained key partners in imports of building fittings to Spain in value terms. China accounted for 32.8% of imports, Germany for 23.9%, and Italy for 17.4%. Together, these three countries accounted for 74.1% 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