Imides and their derivatives market in Spain

Earlier Report Observations

The market volume for imides and their derivatives in Spain showed significant fluctuations in physical terms from 2018 to 2024. Starting at 4 319 t in 2018, it fell by 27% to 3 154 t in 2019 and remained near that level in 2021. A recovery to 3 380 t in 2022 was followed by a sharp 30% rise to 4 396 t in 2023, before a steep 42% decline brought the market down to 2 548 t in 2024.

In value terms, the market shrank from 22.2 million USD in 2018 to 17.6 million USD in 2019 and 16.0 million USD in 2021. A rebound to 20.7 million USD in 2022 was short-lived, as values dropped to 16.3 million USD in 2023 and 13.8 million USD in 2024. Domestic production volumes remained relatively modest, while import volumes, the dominant supply source, exhibited high volatility, directly driving the overall market movements.

Export volumes surged in 2020, reaching 1 058 t, but later contracted to 377 t by 2024. The interplay of variable import levels, shifting export activity, and stable but limited domestic output characterized the Spanish market's supply dynamics throughout the period.

Production imides and their derivatives in Spain

In value, 2017-2020, K $ US

In 2019, Spain's output of imides and their derivatives was valued at 5 718 K $ US, marking a gradual decline of 7.2% compared to the previous year.

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

In kind, 2017-2020, t

In 2019, Spain produced 566.0 t of imides and their derivatives, showing a rise of 14.6% from 2018.

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

Exports imides and their derivatives from Spain

Exports in kind, t

The market showed an unstable trend over the period. Export volumes fell to a trough in 2018 and peaked in 2020, with a top-to-bottom ratio of 4 times. In 2020, Spain exported 1 058 t of imides and their derivatives, representing an abrupt uptick of 142.7% year-over-year. The minimum value was recorded in 2018 at 265 t. The largest decline occurred in 2018, with a drop of 23.9%.

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

From 2017 to 2020, Cuba (35.1% of exports in kind), Germany (21.0% of exports in kind), and France (11.3% of exports in kind) formed the core group of markets for exports in kind, together representing 67.4% 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, K $ US

Exports of imides and their derivatives in Spain increased for the second consecutive year. In 2020, exports stood at 7 334 K $ US, marking a dramatic gain of 58.4% compared to the previous year. Between 2017 and 2020, exports increased by 39.8%, equating to an annualized rate of 11.8%. The minimum value was recorded in 2018 at 4 132 K $ US. The largest decline occurred in 2018, with a drop of 21.3%.

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

From 2017 to 2020, Germany (25.8% of exports in value terms), France (13.8% of exports in value terms), and Cuba (12.4% of exports in value terms) formed the main cluster of markets for exports in value terms, with a combined share of 52.0% of total 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 imides and their derivatives to Spain

Imports in kind, t

In 2020, Spain's imports of imides and their derivatives stood at 4 288 t, up by 41.8% over the past year. Between 2017 and 2020, imports increased by 7.3%, equating to an annualized rate of 2.4%. The minimum value was recorded in 2019 at 3 024 t. The largest decline occurred in 2019, with a drop of 26.1%.

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

From 2017 to 2020, the United Kingdom (34.7% of imports in kind), Germany (29.2% of imports in kind), and China (18.5% of imports in kind) made the biggest contribution to imports in kind, jointly accounting for 82.4% of total 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

In 2020, Spain's imports of imides and their derivatives amounted to 21 056 K $ US, which is 27.4% higher compared to 2019. Between 2017 and 2020, imports increased by 20.6%, equating to an annualized rate of 6.4%. The minimum value was recorded in 2019 at 16 529 K $ US. The largest decline occurred in 2019, with a drop of 18.2%.

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

From 2017 to 2020, China (29.9% of imports in value terms), the United Kingdom (26.4% of imports in value terms), and Germany (19.8% of imports in value terms) formed the main cluster of markets for imports in value terms, with a combined share of 76.1% of total flows.

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

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