Printed circuits market in Spain

Earlier Report Observations

The printed circuits market in Spain opened the period at 129.7 million units in 2018, with Gallega de Circuitos Electrónicos consolidating its leadership through decades of experience addressing high-quality demands. Production and market volume then declined over the next two years, reaching 105.0 million units in 2020.

A sharp recovery occurred in 2022, with market size jumping to 161.3 million units. This expansion coincided with the industry's transformation toward miniaturization and higher quality, fueled by rising demand from the automotive and aerospace sectors. Manufacturers invested in advanced assembly techniques to meet requirements for smaller, more sophisticated electronic components.

In subsequent years, innovations accelerated, including Ennovi's new flexible circuit process for electric vehicle batteries and the European BAYFLEX initiative for organic sensors. Tripod Technology launched a ceramic-based PCB with high thermal conductivity, while Spanish fabricators like Eurocir and Gallega de Circuitos Electrónicos continued upgrading their R&D and production capabilities to support intricate designs and high-density interconnects.

Production printed circuits in Spain

In value, 2017-2020, M $ US

Spain's printed circuits production declined for the second consecutive year. In 2020, output was valued at 372.6 million US dollars, marking a 5.6% decrease compared to 2019. Over the period from 2017 to 2020, production increased by 3.8%, with a compound annual growth rate of 1.3%. The highest value was recorded in 2018 at 396.2 million US dollars, which also saw the largest increase of 10.4%.

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

In kind, 2017-2020, M unit

Spain's printed circuits production declined for the third consecutive year. In 2020, 101.2 million units were produced, representing an 8.3% fall compared to 2019. From 2017 to 2020, production decreased by 22.4%, with a compound annual growth rate of -8.1%.

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

Exports printed circuits from Spain

Exports in kind, K unit

After a two-year increase, printed circuits shipments from Spain to abroad declined. In 2020, exports amounted to 3 275 thousand units, showing a significant decrease of 60.5% compared to 2019. Between 2017 and 2020, exports decreased by 54.1%, equating to an annualized rate of -22.9%. The highest value was recorded in 2019 at 8 301 thousand units, while the largest increase occurred in 2018 at 10.8%.

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

From 2017 to 2020, Germany, Italy, and Morocco were the main destinations for Spain's printed circuits exports in kind. Germany accounted for 35.2% of exports, Italy for 20.9%, and Morocco for 12.9%, with these three countries together representing 69.0% of total 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

Spain's volume of printed circuits exports declined for the third consecutive year. In 2020, exports totalled 177.3 million US dollars, indicating a notable decrease of 20.4% compared to 2019. Between 2017 and 2020, exports decreased by 29.2%, equating to an annualized rate of -10.9%.

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

The structure of exports in value terms from 2017 to 2020 can be described as diversified. Germany accounted for 20.0% of exports in value terms, Morocco for 13.8%, and France for 13.7%, with these three countries together representing just 47.5% of total flows, and no single country held a clearly dominant position.

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

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

Imports printed circuits to Spain

Imports in kind, K unit

Cross-border shipments of printed circuits to Spain declined for the second consecutive year. In 2020, imports totalled 7 164 thousand units, representing an 18.1% fall compared to 2019. Between 2017 and 2020, imports decreased by 11.8%, equating to an annualized rate of -4.1%. The highest value was recorded in 2018 at 9 860 thousand units, which also saw the largest increase of 21.4%.

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

Throughout 2017 to 2020, China, Germany, and France remained the main markets for imports in kind of printed circuits to Spain. China accounted for 50.1% of imports, Germany for 16.0%, and France for 8.6%, with these three countries jointly taking 74.8% of total 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, M $ US

Printed circuits volumes imported by Spain declined for the second consecutive year. In 2020, a total of 267.1 million US dollars of printed circuits was imported, showing a decrease of 13.4% compared to 2019. Over the period from 2017 to 2020, imports decreased by 20.7%, with a compound annual growth rate of -7.4%. The highest value was recorded in 2018 at 310.5 million US dollars, which also saw the largest increase of 3.9%.

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

From 2017 to 2020, China, Germany, and Asia, not elsewhere specified, formed the main group of destinations for imports in value terms of printed circuits to Spain. China accounted for 54.3% of imports in value terms, Germany for 9.6%, and Asia, not elsewhere specified for 8.5%, with a combined share of 72.4% of total flows.

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

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