Plastic closures market in Spain

Earlier Report Observations

From 2018 to 2019, the Spanish plastic closures market volume increased from 246 thousand tonnes to 269 thousand tonnes. This growth was supported by rising demand from the food, beverage, pharmaceutical, and cosmetic industries, along with the entry of new production facilities by Grupo Torrent, Axilone, Plastin, and Plásticos González. The market then contracted to 252 thousand tonnes in 2020 due to supply chain and production disruptions caused by the COVID-19 pandemic.

After dropping to 226 thousand tonnes in 2021, the market rebounded sharply to 309 thousand tonnes in 2022. This surge was primarily driven by the progressive implementation of the EU Single-Use Plastics Directive, which required attached caps on plastic beverage bottles up to three liters, stimulating demand for new closure designs. New investments in production capacity also supported the increase. In 2023, the market volume fell to 270 thousand tonnes, influenced by persistent volatility in raw material prices.

In 2024, the mandatory application of the EU Single-Use Plastics Directive from July 2024 reinforced demand for attached caps and sustainable solutions. The closure of Eviosys's plant and the opening of new factories indicated continued industry restructuring in response to regulatory pressures and environmental trends.

Production plastic closures in Spain

In value, 2017-2020, M $ US

Spain's plastic closures production experienced a decline after two consecutive years of growth. In 2020, output was valued at 642.8 million US dollars, marking a significant 15.4% decrease from the previous year. Over the 2017-2020 period, production increased by 4%, with a compound annual growth rate of 1.3%. The highest value was recorded in 2019 at 760.2 million US dollars, which also saw the largest annual increase of 11.3%.

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

In kind, 2017-2020, K t

In 2020, Spain produced 170.6 thousand tonnes of plastic closures, representing a modest 7.4% decrease compared to the previous year. The lowest production volume was recorded in 2018 at 161.2 thousand tonnes, while the peak occurred in 2019 with 184.2 thousand tonnes. The largest year-over-year increase of 14.2% was also observed in 2019.

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

Exports plastic closures from Spain

Exports in kind, K t

After two years of growth, Spain's export volumes of plastic closures declined. In 2020, the country exported 72.0 thousand tonnes, indicating a 13.4% decrease from 2019. The highest export volume was recorded in 2019 at 83.1 thousand tonnes, which also experienced the largest annual increase of 8.9%.

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

Between 2017 and 2020, Spain's plastic closures exports were distributed across numerous partner countries. France accounted for 20.6% of export volumes, Portugal for 13.3%, and Italy for 8.1%. Together, these three countries represented just 42.0% 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

In 2020, Spain exported plastic closures worth 330.1 million US dollars, showing a slight 1.0% increase from the previous year. From 2017 to 2020, exports grew by 9.4%, equivalent to an annualized rate of 3.1%. The peak value was recorded in 2018 at 339.2 million US dollars, which also saw the largest annual increase of 12.5%. The most significant decline occurred in 2019 with a 3.6% decrease.

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

During the 2017-2020 period, Spain's export structure in value terms remained highly diversified. France represented 22.1% of export value, while Portugal and Germany each accounted for 7.7%. Together, these three markets comprised only 37.6% of total export flows, with the remaining 62.4% 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 plastic closures to Spain

Imports in kind, K t

The import market for plastic closures in Spain showed an unstable trend throughout the period. The lowest point occurred in 2017, followed by a peak in 2019, with a 1.8-fold difference between these years. In 2020, imports totaled 153.3 thousand tonnes, representing an 8.6% year-over-year decrease. The highest import volume was recorded in 2019 at 167.7 thousand tonnes, while the largest annual increase of 71.9% occurred in 2018.

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

From 2017 to 2020, France, Portugal, and Italy were Spain's main suppliers of plastic closures by volume. France accounted for 30.6% of imports, Portugal for 23.7%, and Italy for 21.9%. Together, these three countries comprised 76.2% of Spain's total plastic closures imports.

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 plastic closures declined for the second consecutive year. In 2020, the country imported plastic closures worth 281.1 million US dollars, reflecting a moderate 8.8% decrease from the previous year. The highest import value was recorded in 2018 at 313.6 million US dollars, which also experienced the largest annual increase of 10.1%.

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

Between 2017 and 2020, three principal markets—France, Italy, and Germany—together accounted for 62.4% of Spain's total plastic closures imports by value.

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

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