Not ornamented plaster boards and panels market in Spain

Earlier Report Observations

The Spanish market for not ornamented plaster boards and panels showed considerable volatility from 2018 to 2024. Growth in the early part of the period was supported by product innovation and a consolidated industrial structure, while later years were marked by external shocks affecting supply and costs. A strong emphasis on sustainability and specialized board performance emerged as a consistent market driver throughout these fluctuations.

Market volume grew from 112.7 million m² in 2018 to 137.3 million m² in 2019, partly due to technological advances like the partial substitution of gypsum with steel slag to improve mechanical resistance. After a contraction in 2020, demand surged to 149.6 million m² in 2021, driven by increased need for boards with specific fire, moisture, and acoustic performance characteristics. The market then faced consecutive declines, falling to 95.8 million m² in 2022 and 81.8 million m² in 2023, as international logistical problems, labor shortages, and the impact of COVID-19 on supply chains were compounded by rising energy costs and pressures on gypsum production from the closure of coal-fired plants.

A recovery to 118.8 million m² occurred in 2024, supported by a sectoral focus on building rehabilitation and energy efficiency, alongside innovations in boards with high recycled content. The market environment was also shaped by the implementation of new European and national regulations for construction products and packaging labeling, which promoted sustainable and circular economy practices.

Production not ornamented plaster boards and panels in Spain

In value, 2017-2020, M $ US

Spain's production of non-ornamented plaster boards and panels has grown for the third year in a row. In 2020, output reached 398.2 million US dollars, showing a modest increase of 5.4% compared to 2019. From 2017 to 2020, production rose by 55.8%, which translates to an annualized growth rate of 15.9%.

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

In kind, 2017-2020, M m²

After two years of growth, Spain's production of non-ornamented plaster boards and panels declined. In 2020, 141.9 million square meters were produced, representing a significant drop of 18.7% from the previous year. Between 2017 and 2020, production increased by 20.6%, equating to an annualized rate of 6.5%. The peak was in 2019 at 174.5 million square meters, with the largest annual increase of 26.1% also occurring that year.

Annual dynamics of production in Spain in kind, 2017-2020, M m²

Exports not ornamented plaster boards and panels from Spain

Exports in kind, K m²

In 2020, Spain's exports of non-ornamented plaster boards and panels reached 41 348 thousand square meters, marking a controlled contraction of 6.5% compared to 2019. From 2017 to 2020, exports decreased by 22.2%, with a compound annual growth rate (CAGR) of -8.0%. The lowest point was in 2018 at 33 200 thousand square meters, when exports fell by 37.5%. In 2019, exports rebounded with the largest increase of 33.3%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K m²

Between 2017 and 2020, France, the United Kingdom, and Denmark were the main buyers of non-ornamented plaster boards and panels from Spain. France accounted for 37.5% of exports in kind, the United Kingdom for 13.3%, and Denmark for 8.5%. Together, these three countries made up 59.2% 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

Spain's exports of non-ornamented plaster boards and panels in value terms have increased for the second consecutive year. In 2020, exports amounted to 125.9 million US dollars, up by 6.9% year-over-year. Over the period from 2017 to 2020, exports grew by 16.9%, with a CAGR of 5.3%. The lowest value was recorded in 2018 at 98.1 million US dollars, when exports declined by 8.9%. In 2019, exports saw the largest increase of 20.1%.

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

From 2017 to 2020, France, the United Kingdom, and Portugal were the primary buyers of non-ornamented plaster boards and panels from Spain in value terms. France represented 37.2% of exports, the United Kingdom 10.1%, and Portugal 9.2%. Collectively, these three countries accounted for 56.5% of total export value.

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

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

Imports not ornamented plaster boards and panels to Spain

Imports in kind, K m²

Spain's imports of non-ornamented plaster boards and panels have declined for the third year in a row. In 2020, imports totaled 6 523 thousand square meters, reflecting a gradual decrease of 8.1% compared to 2019. Between 2017 and 2020, imports fell by 44.9%, with a CAGR of -18.0%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K m²

Over the period 2017–2020, Germany, Italy, and Portugal consistently led as the main sources of imports in kind for Spain. Germany accounted for 24.6% of imports, Italy for 24.2%, and Portugal for 23.2%. Together, these three countries made up 72.0% of total import flows 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

In 2020, Spain's imports of non-ornamented plaster boards and panels in value terms came to 20.3 million US dollars, representing a small contraction of 1.8% from 2019. From 2017 to 2020, imports increased by 22.5%, with a CAGR of 7.0%. The minimum value was in 2018 at 15.0 million US dollars, when imports declined by 9.7%. The maximum was in 2019 at 20.7 million US dollars, with the largest increase of 38.2% occurring that year.

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

Between 2017 and 2020, Italy, Portugal, and Germany were the top suppliers of non-ornamented plaster boards and panels to Spain in value terms. Italy accounted for 27.6% of imports, Portugal for 20.6%, and Germany for 16.8%. Combined, these three countries represented 65.0% of total import value.

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

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