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

Earlier Report Observations

From 2018 to 2020, the market for non-reinforced or laminated non-cellular PMMA sheets in Spain showed steady growth, with volume increasing from 18 423 t to 23 518 t. This growth was interrupted by a sharp contraction in 2021, when market volume fell to 12 897 t.

After the 2021 downturn, the market began to recover, reaching 15 589 t in 2022 and continuing to grow to 17 497 t by 2024. However, by the end of the period, volume remained significantly below the 2020 peak.

In value terms, the market followed a similar trajectory, rising from $71.9 million in 2018 to $83.9 million in 2020, then dropping to $53.8 million in 2021 and recovering to $66.6 million by 2024.

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

In value, 2017-2020, K $ US

In Spain, the output value of not reinforced or laminated non-cellular PMMA sheets reached 95 998 thousand US dollars in 2020, showing only minor fluctuations compared to the previous year. The highest value was recorded in 2018 at 97 473 thousand US dollars, with the largest increase of 2.8% occurring that year. In contrast, 2019 saw the largest decline of 1.5%.

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

In kind, 2017-2020, t

Production of not reinforced or laminated non-cellular PMMA sheets in Spain increased for the second consecutive year. In 2020, output reached 28 026 tonnes, marking a 4.0% gain compared to 2019. Over the period from 2017 to 2020, production grew by 6%, equivalent to an annualized rate of 2.0%. The lowest production level was recorded in 2018 at 23 245 tonnes, which also experienced the largest decline of 12.1%. The following year, 2019, saw the largest increase of 16.0%.

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

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

Exports in kind, t

Exports of not reinforced or laminated non-cellular PMMA sheets from Spain rose for the second year in a row. In 2020, shipments amounted to 25 103 tonnes, reflecting a solid year-on-year advance of 15.7%. Between 2017 and 2020, exports increased by 5.4%, with a compound annual growth rate of 1.8%. The lowest export volume was recorded in 2018 at 20 486 tonnes, which also saw the largest decline of 14.0%.

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

From 2017 to 2020, exports in kind of not reinforced or laminated non-cellular PMMA sheets from Spain were not heavily concentrated. Italy accounted for 17.3% of exports, the United Kingdom for 11.4%, and Belgium for 9.4%. Together, these three countries captured only 38.1% 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, K $ US

Spain exported not reinforced or laminated non-cellular PMMA sheets worth 74 664 thousand US dollars in 2020, marking a modest year-on-year gain of 3.7%. Over the period from 2017 to 2020, however, exports decreased by 5.6%, with a compound annual growth rate of -1.9%. The highest value was recorded in 2018 at 79 870 thousand US dollars, while the lowest was in 2019 at 72 019 thousand US dollars, which also experienced the largest decline of 9.8%.

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

Between 2017 and 2020, exports in value terms were distributed across a wide range of partner countries. Italy accounted for 16.4% of exports, the United Kingdom for 11.3%, and Belgium for 9.5%. Collectively, these three countries represented just 37.2% of total export flows.

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 PMMA sheets to Spain

Imports in kind, t

Imports of not reinforced or laminated non-cellular PMMA sheets into Spain increased for the second consecutive year. In 2020, import volumes reached 20 594 tonnes, reflecting a significant gain of 28.3% compared to the previous year. From 2017 to 2020, imports grew by 20.3%, equating to an annualized rate of 6.4%. The lowest import volume was recorded in 2018 at 15 665 tonnes, which also saw the largest decline of 8.5%.

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

From 2017 to 2020, South Korea was the largest source of imports in kind, accounting for 39.9% of the total. Germany followed with 19.4%, and China with 12.1%. Together, these three countries comprised 71.3% 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, K $ US

After two years of decline, Spain's imports of not reinforced or laminated non-cellular PMMA sheets increased in value. In 2020, imports amounted to 62 523 thousand US dollars, up by 23.7% year-on-year. Over the period from 2017 to 2020, imports grew by 9%, with a compound annual growth rate of 2.9%. The lowest import value was recorded in 2019 at 50 563 thousand US dollars, which also experienced the largest decline of 6.8%.

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

Between 2017 and 2020, South Korea accounted for 32.6% of imports in value terms, Germany for 22.0%, and China for 10.2%. Together, these three countries absorbed 64.8% of total import flows, making them the main sources for Spain's imports of not reinforced or laminated non-cellular PMMA sheets.

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

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