Market research

Metal keys market in Spain, 2026

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

From 2018 to 2020, the market volume for base metal keys in Spain contracted from 36.6 million USD to 20.0 million USD, while production fell from 49.3 million USD to 39.1 million USD. By 2023, the market had recovered to 32.7 million USD, and production surged to 58.1 million USD, indicating a rebound after the low point.

In 2024, updated environmental regulations and carbon emission rules increased operational costs in the metal sector, affecting production expenses and pricing. The introduction of the new UNE-EN 1090-2:2019+A1:2025 standard for CE marking of metal structures also altered technical requirements for manufacturers, shaping the current market environment.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In value
  1. 4.1.1. Production, 2018-2020, 2023
  2. 4.1.2. Imports, 2018-2024
  3. 4.1.3. Exports, 2018-2024
  4. 4.1.4. Market size, 2018-2020, 2023
5. Production
1. 5.1. Production in Spain
  1. 5.1.1. In kind, 2018-2020, 2023, t
  2. 5.1.2. In value, 2018-2020, 2023, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Spain by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Spain by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production metal keys in Spain

In value, 2017-2020, K $ US

Spain's production of metal keys declined for the second consecutive year. In 2020, output was valued at 39 101 thousand US dollars, representing a 16.8% decrease from 2019. Over the period from 2017 to 2020, production fell by 17.9%, with a compound annual growth rate of -6.4%. The highest value was recorded in 2018 at 49 286 thousand US dollars, which saw the largest increase of 3.4% that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.4%	(4.7%)	(16.8%)	(6.4%)

Source: SHEV.io

In kind, 2017-2020, t

In 2020, Spain produced 1 807 tonnes of metal keys, showing a significant decline of 21.1% compared to the previous year. From 2017 to 2020, production decreased by 17%, with a compound annual growth rate of -6.0%. The peak was in 2019 at 2 291 tonnes, which also recorded the largest increase of 6.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.9%)	6.2%	(21.1%)	(6.0%)

Source: SHEV.io

Exports metal keys from Spain

Exports in kind, t

Spain exported 1 468 tonnes of metal keys in 2020, marking a substantial drop of 16.8% from 2019. Over the 2017-2020 period, exports fell by 20%, with a compound annual growth rate of -7.2%. The largest increase occurred in 2019, at 8.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(11.5%)	8.7%	(16.8%)	(7.2%)

Source: SHEV.io

From 2017 to 2020, Spain's exports of metal keys in volume terms were relatively evenly distributed. France accounted for 21.5% of exports, Germany for 15.9%, and the United Kingdom for 7.1%, together making up 44.6% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2020, Spain's metal key exports amounted to 27 885 thousand US dollars, a decrease of 17.3% from 2019. Between 2017 and 2020, exports declined by 16.3%, with a compound annual growth rate of -5.7%. The highest value was in 2019 at 33 703 thousand US dollars, which also saw the largest increase of 1.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.4%)	1.6%	(17.3%)	(5.7%)

Source: SHEV.io

Data from 2017 to 2020 show that Spain's metal key exports in value terms were not heavily concentrated. France represented 23.0% of exports, Germany 16.9%, and the United Kingdom 7.4%, collectively accounting for 47.4% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports metal keys to Spain

Imports in kind, t

Spain's imports of metal keys declined for the third consecutive year. In 2020, imports totaled 277 tonnes, down by 62.7% from the previous year. From 2017 to 2020, imports decreased by 77.7%, with a compound annual growth rate of -39.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.0%)	(35.6%)	(62.7%)	(39.3%)

Source: SHEV.io

Between 2017 and 2020, Spain's imports of metal keys in volume terms were primarily shaped by France and Italy, which together accounted for 82.7% of total flows, with other markets forming a long tail.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Spain's imports of metal keys declined for the second consecutive year. In 2020, imports were valued at 8 824 thousand US dollars, a decrease of 41.0% from the previous year. From 2017 to 2020, imports fell by 55.5%, equating to an annualized rate of -23.7%. The peak was in 2018 at 20 458 thousand US dollars, which recorded the largest increase of 3.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.1%	(26.8%)	(41.0%)	(23.7%)

Source: SHEV.io

From 2017 to 2020, France, Italy, and Germany were the key partners for Spain's metal key imports in value terms. France accounted for 30.7%, Italy for 29.6%, and Germany for 15.2%, together representing 75.6% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io