Market research

Monophenols market in Spain

Release date: Mar 29, 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

Between 2018 and 2020, Spain's monophenols market exhibited moderate annual trade volumes, with imports ranging from 10.0 to 15.9 thousand tons and exports from 8.3 to 11.2 thousand tons. The situation changed markedly in 2021, when domestic production surged to 553.7 thousand tons and total market volume reached 566.6 thousand tons.

This high point was followed by a steep decline, with production dropping to 316.9 thousand tons in 2022. The contraction continued in 2023, as a shortage of industrial labor constrained manufacturing output, reducing production to 251.8 thousand tons. In 2024, market volume fell further to 172.4 thousand tons, pressured by regulatory changes in the energy sector that raised operational costs for producers and a shift in consumer behavior towards spending restraint.

Mirroring the domestic downturn, import and export volumes also contracted significantly, with imports falling to 2.4 thousand tons and exports to 3.1 thousand tons in 2024, reflecting a broad-based market compression.

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 and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2021-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2021-2024
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2021-2024
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2021-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Spain
  1. 5.1.1. In kind, 2021-2024, K t
  2. 5.1.2. In value, 2021-2024, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K t
  2. 5.2.2. In value, 2018-2024, M $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Spain by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to 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 monophenols in Spain

According to Faostat, there is no production of monophenols in Spain.

Exports monophenols from Spain

Exports in kind, t

Spain's monophenols exports declined for the second consecutive year. In 2020, exports reached 8 315 tonnes, which is 23.2% lower than the previous year. The peak was recorded in 2018 at 11 202 tonnes, with the largest annual increase of 36.2% also occurring that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	36.2%	(3.3%)	(23.2%)	0.4%

Source: SHEV.io

From 2017 to 2020, Spain's monophenols exports were distributed across a wide range of partner countries. Germany accounted for 20.3% of exports in kind, Brazil for 11.4%, and Italy for 11.2%. Together, these three countries represented just 42.9% of total export volumes.

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, M $ US

Spain's monophenols exports in value terms declined for the second consecutive year. In 2020, exports reached 33.4 million US dollars, down 13.7% from the prior year. Between 2017 and 2020, exports increased by 13%, equivalent to an annualized growth rate of 4.2%. The highest value was recorded in 2018 at 41.4 million US dollars, with the largest annual increase of 39.9% also occurring that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	39.9%	(6.4%)	(13.7%)	4.2%

Source: SHEV.io

During the 2017–2020 period, Germany, Italy, and Brazil were notable but not dominant buyers of Spanish monophenols in value terms. Germany accounted for 18.6% of export value, Italy for 11.3%, and Brazil for 10.5%. Their combined share reached only 40.4% of total export value.

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 monophenols to Spain

Imports in kind, t

Spain's monophenols imports declined for the third consecutive year. In 2020, imports totaled 9 967 tonnes, down 6.6% year-over-year. Over the 2017–2020 period, imports decreased by 86.4%, with a compound annual growth rate of -48.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(78.4%)	(32.8%)	(6.6%)	(48.6%)

Source: SHEV.io

From 2017 to 2020, the Netherlands, Germany, and India led Spain's monophenols imports in kind. The Netherlands accounted for 56.6% of import volumes, Germany for 15.0%, and India for 7.1%. Together, these three countries represented 78.7% of total import flows.

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, M $ US

Spain's monophenols imports in value terms declined for the third consecutive year. In 2020, import value reached 34.1 million US dollars, representing a moderate decline of 6.3% compared to the previous year. Between 2017 and 2020, imports decreased by 68.1%, equivalent to an annualized decline of 31.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(58.4%)	(18.1%)	(6.3%)	(31.7%)

Source: SHEV.io

Throughout 2017–2020, the Netherlands, Germany, and India remained the main sources for Spain's monophenols imports in value terms. The Netherlands accounted for 30.6% of import value, Germany for 18.5%, and India for 14.1%. Their combined share reached 63.2% of total import 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