Nitrile-function compounds market in Spain

Earlier Report Observations

The Spanish market for nitrile-function compounds opened the period at 45 thousand tons in 2018, with the country noted as a key exporter of these products to France, reflecting active domestic players. This high volume was followed by a sharp contraction of over 40% in 2019, bringing the market to 25 thousand tons, after which it stabilized near that level in 2020 before recovering to 35.7 thousand tons in 2021.

From 2022 onward, the market entered a sustained decline, falling to 29.9 thousand tons in 2022 and then dropping sharply to 17.1 thousand tons in 2023 and 9.9 thousand tons in 2024. By the end of the period, the market was influenced by global supply-side adjustments, including the exit from acrylonitrile production by major international manufacturers such Asahi Kasei and Mitsubishi Chemical, which tightened worldwide availability and reduced import flows into Spain. Concurrently, stricter environmental regulations and evolving demand from the automotive industry and the nitrile glove sector reshaped the landscape for specialized nitrile products.

Production nitrile-function compounds in Spain

In value, 2017-2020, K $ US

Spain's production of nitrile-function compounds declined for the second consecutive year. In 2020, output was valued at 6,509 thousand US dollars, marking a sharp reduction of 49.2% compared to 2019. Over the period from 2017 to 2020, production decreased by 65.6%, with a compound annual growth rate of -29.9%. The peak value was recorded in 2018 at 22,883 thousand US dollars, which also saw the largest increase of 21.0%.

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

In kind, 2017-2020, t

Production of nitrile-function compounds in Spain fell for the second year in a row. In 2020, Spain produced 453.0 tonnes, showing a decrease of 20.7% compared to 2019. From 2017 to 2020, production dropped by 43.4%, with a compound annual growth rate of -17.3%. The highest volume was recorded in 2018 at 959.0 tonnes. The largest decline occurred in 2019 at 40.5%, while the biggest increase was in 2018 at 19.7%.

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

Exports nitrile-function compounds from Spain

Exports in kind, t

Exports of nitrile-function compounds from Spain declined for the third consecutive year. In 2020, Spain exported 1,419 tonnes, representing a moderate drop of 6.4% compared to the previous year. Between 2017 and 2020, exports decreased by 63%, equating to an annualized rate of -28.2%.

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

From 2017 to 2020, the leading destinations for Spain's exports of nitrile-function compounds in volume terms were France, accounting for 26.5% of exports, Germany at 16.4%, and Portugal at 13.1%. Together, these three countries made up 56.0% 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 nitrile-function compounds from Spain fell for the third year in a row. In 2020, exports amounted to 16.7 million US dollars, down by 7.9% compared with 2019. Between 2017 and 2020, exports decreased by 34.2%, with an annualized rate of -13.0%.

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

Over the period 2017 to 2020, France contributed the most to Spain's export value at 31.5%, followed by Portugal at 12.7%, and Germany at 12.2%. Collectively, these three countries accounted for 56.5% of total export flows in value terms.

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

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

Imports nitrile-function compounds to Spain

Imports in kind, t

After a two-year decline, Spain's imports of nitrile-function compounds increased. In 2020, imports amounted to 26,768 tonnes, up by 2.9% year-over-year. Between 2017 and 2020, imports decreased by 42.5%, with an annualized rate of -16.8%. The lowest volume was recorded in 2019 at 26,017 tonnes, which also saw the largest decline of 43.3%.

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

From 2017 to 2020, the United Kingdom led Spain's imports in volume terms with 46.2%, followed by Russia at 19.8%, and Germany at 17.4%. These three countries consistently accounted for 83.3% of total import 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, M $ US

Imports of nitrile-function compounds into Spain declined for the second consecutive year. In 2020, imports were valued at 85.4 million US dollars, reflecting a decline of 1.7% year-over-year. Between 2017 and 2020, imports decreased by 16.5%, with an annualized rate of -5.8%. The peak value was recorded in 2018 at 117.2 million US dollars, which also saw the largest increase of 14.6%, while the largest decline occurred in 2019 at 25.9%.

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

In the period from 2017 to 2020, the United Kingdom dominated Spain's import structure in value terms with 31.3%, followed by Germany at 18.9%, and Russia at 12.3%. Together, these countries represented 62.4% 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