P2O5, H3PO4 and polyphosphoric acids market in Spain

Earlier Report Observations

The market size for phosphoric acid and related compounds in Spain experienced substantial growth from 2018 to 2022, increasing from 129.2 million dollars to 285.7 million dollars. This surge was primarily driven by a sharp rise in imports, which more than doubled over the period, reflecting heightened global demand for phosphoric acid in fertilizer production.

After peaking in 2022, import values declined to 237.4 million dollars in 2023 and 221.8 million dollars in 2024, coinciding with global price volatility and export restrictions from major producing countries. These factors affected the availability and cost of phosphoric acid, leading to a contraction in trade volumes. Meanwhile, Spanish exports of these products also fluctuated, indicating sensitivity to international market conditions.

Domestic production remained minimal throughout the period, underscoring Spain's reliance on imports to meet its industrial needs for phosphoric acid and its derivatives.

Production P2O5, H3PO4 and polyphosphoric acids in Spain

In value, 2017-2020, K $ US

In 2018, Spain's output of P₂O₅, H₃PO₄, and polyphosphoric acids reached its peak value at 1 391 thousand US dollars. The following year, in 2019, production declined by 7.0% to a minimum of 1 294 thousand US dollars. By 2020, output had recovered, increasing by 6.4% year-over-year to 1 377 thousand US dollars.

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

In kind, 2017-2020, K kg P2O5

After a two-year decline, Spain's production volume of P₂O₅, H₃PO₄, and polyphosphoric acids rebounded in 2020. Output reached 4 025 thousand kilograms of P₂O₅, marking a solid 16.3% increase compared to 2019. However, over the broader period from 2017 to 2020, production decreased by 7.2%, averaging an annual decline of 2.5%. The lowest point was in 2019, with 3 461 thousand kilograms of P₂O₅, representing an 18.9% drop from the previous year.

Annual dynamics of production in Spain in kind, 2017-2020, K kg P2O5

Exports P2O5, H3PO4 and polyphosphoric acids from Spain

Exports in kind, K t

Following two years of growth, Spain's exports of P₂O₅, H₃PO₄, and polyphosphoric acids declined in 2020. Shipments totaled 9.4 thousand tonnes, down 4.4% from the previous year. Despite this recent dip, exports increased by 39.2% over the 2017-2020 period, with a compound annual growth rate of 11.6%. The peak was in 2019 at 9.8 thousand tonnes, following a significant 33.0% surge in 2018.

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

From 2017 to 2020, Turkey, Portugal, and France dominated Spain's export structure in kind. Turkey accounted for 37.4% of exports, Portugal for 32.1%, and France for 12.9%. Together, these three countries represented 82.4% 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

After two years of gains, Spain's exports of P₂O₅, H₃PO₄, and polyphosphoric acids in value terms declined in 2020. Export value reached 8.5 million US dollars, an 8.7% decrease from the previous year. Over the 2017-2020 period, however, exports grew by 54.2%, with a compound annual growth rate of 15.5%. The highest value was recorded in 2019 at 9.3 million US dollars, following a sharp 45.2% increase in 2018.

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

In value terms from 2017 to 2020, Turkey, Portugal, and France formed the main cluster of markets for Spain's exports. Turkey held a 30.7% share, Portugal 29.1%, and France 11.9%. Combined, these three countries accounted for 71.7% 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 P2O5, H3PO4 and polyphosphoric acids to Spain

Imports in kind, K t

Spain's imports of P₂O₅, H₃PO₄, and polyphosphoric acids in kind increased for the second consecutive year in 2020. Imports totaled 327.6 thousand tonnes, up 14.4% from 2019. Over the 2017-2020 period, imports grew by 16.5%, averaging an annual increase of 5.2%. The lowest point was in 2018 at 272.1 thousand tonnes, which represented a 3.2% decline from the previous year.

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

From 2017 to 2020, Morocco and Israel were the key sources for Spain's imports in kind, jointly accounting for 82.8% of total flows. Other trading partners individually contributed much smaller shares.

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

Spain's imports of P₂O₅, H₃PO₄, and polyphosphoric acids in value terms increased for the third consecutive year in 2020. Import value reached 144.9 million US dollars, showing a slight gain of 2.9% compared to 2019. Over the 2017-2020 period, imports grew by 22.1%, with a compound annual growth rate of 6.9%.

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

In value terms from 2017 to 2020, three principal markets—Morocco, Israel, and China—together accounted for 83.5% of total imports of P₂O₅, H₃PO₄, and polyphosphoric acids to Spain.

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

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