Not reinforced or laminated non-cellular acrylic sheets market in Spain

Earlier Report Observations

Between 2018 and 2020, the Spanish market volume for not reinforced or laminated non-cellular acrylic sheets grew steadily from 19 294 t to 25 100 t. This expansion was followed by a sharp contraction in 2021, when market size fell to 13 935 t. By 2024, the market had partially recovered to 18 664 t, still below the 2020 peak.

The market has long been shaped by specific regulatory homologations, such as PM02.4015S, PM02.4016S, and PM02.4017S, which standardize the production and commercialization of acrylic sheets for license plates. These standards, established by pioneering companies since 2011, ensure product quality and durability, reinforcing consumer preference for homologated sheets that withstand extreme weather conditions.

The data shows no significant entry of new players or major facility changes during the period, suggesting a stable competitive landscape amidst the overall market volatility.

Production not reinforced or laminated non-cellular acrylic sheets in Spain

In value, 2017-2020, K $ US

Spain's production of not reinforced or laminated non-cellular acrylic sheets declined for the second consecutive year. In 2020, output was valued at 96 446 thousand US dollars, showing minimal change compared to 2019. The highest production value was recorded in 2018 at 98 025 thousand US dollars. The largest annual decline occurred in 2019 with a 1.6% drop, while the largest increase was seen in 2018 with a 2.7% rise.

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

In kind, 2017-2020, t

Spain's production of not reinforced or laminated non-cellular acrylic sheets increased for the second consecutive year. In 2020, output reached 28 062 tonnes, up 3.9% from the previous year. Over the 2017-2020 period, production grew by 5.9%, representing a compound annual growth rate of 1.9%. The lowest production volume was recorded in 2018 at 23 294 tonnes. The largest annual decline occurred in 2018 with a 12.1% decrease, while the largest increase was in 2019 with a 15.9% rise.

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

Exports not reinforced or laminated non-cellular acrylic sheets from Spain

Exports in kind, t

Spain's exports of not reinforced or laminated non-cellular acrylic sheets increased for the second consecutive year. In 2020, export volume reached 25 178 tonnes, up 15.6% from 2019. Between 2017 and 2020, exports grew by 5.3%, equivalent to an annualized rate of 1.7%. The lowest export volume was recorded in 2018 at 20 514 tonnes, which also saw the largest annual decline of 14.2%.

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

During 2017-2020, Italy, the United Kingdom, and Belgium were notable but not dominant buyers of Spain's not reinforced or laminated non-cellular acrylic sheets. Italy accounted for 17.3% of export volume, the United Kingdom for 11.3%, and Belgium for 9.4%. Together, these three countries represented 38.0% of Spain's total export volume during this period.

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

In 2020, Spain's exports of not reinforced or laminated non-cellular acrylic sheets were valued at 76 300 thousand US dollars, representing a 4.1% increase from 2019. However, between 2017 and 2020, export value decreased by 3.7%, equivalent to an annualized decline of 1.2%. The lowest export value was recorded in 2019 at 73 296 thousand US dollars, which saw the largest annual decline of 8.3%. The highest export value occurred in 2018 at 79 932 thousand US dollars.

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

The value structure of Spain's exports from 2017 to 2020 reveals a diversified partner base. Italy accounted for 16.2% of export value, the United Kingdom for 11.2%, and Belgium for 9.4%. Together, these three countries represented only 36.8% of total export value, while the remaining 63.2% was distributed among numerous smaller markets.

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 reinforced or laminated non-cellular acrylic sheets to Spain

Imports in kind, t

Spain's imports of not reinforced or laminated non-cellular acrylic sheets increased for the second consecutive year. In 2020, import volume reached 22 217 tonnes, a substantial 29.9% increase from 2019. Between 2017 and 2020, imports grew by 19.4%, equivalent to an annualized rate of 6.1%. The lowest import volume was recorded in 2018 at 16 514 tonnes, which also saw the largest annual decline of 11.3%.

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

From 2017 to 2020, South Korea, Germany, and China were the leading sources of Spain's imports of not reinforced or laminated non-cellular acrylic sheets. South Korea accounted for 37.1% of import volume, Germany for 19.4%, and China for 11.6%. Together, these three countries represented 68.1% of Spain's total import volume during this period.

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

After two years of decline, Spain's imports of not reinforced or laminated non-cellular acrylic sheets increased in 2020. Import value reached 74 260 thousand US dollars, marking a strong 15.6% increase from the previous year. Between 2017 and 2020, imports grew by 9.4%, equivalent to an annualized rate of 3.0%. The lowest import value was recorded in 2019 at 64 255 thousand US dollars. The largest annual decline occurred in 2018 with a 2.7% decrease.

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

From 2017 to 2020, South Korea, Germany, and China were the main sources of Spain's imports of not reinforced or laminated non-cellular acrylic sheets by value. South Korea accounted for 26.9% of import value, Germany for 25.1%, and China for 8.7%. Together, these three countries represented 60.7% of Spain's total import value during this period.

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

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