Safety or relief valves market in Spain

Earlier Report Observations

The Spanish market for safety and relief valves grew from 37.9 million dollars in 2018 to 50.3 million dollars in 2023. A key driver in 2022 was the modification of the UNE 60670 standard for gas installations and the ongoing enforcement of Royal Decree 706/2017, which mandated specific safety features and certification for valves used in petroleum and gas systems. These regulatory changes stimulated demand for updated, compliant equipment and encouraged innovation from manufacturers like Valfonta and Genebre.

After peaking in 2023, the market size declined to 44.7 million dollars in 2024. This period saw the continued adoption of digital technologies such as remote control systems and predictive maintenance for valves in district heating networks, along with the indirect influence of updated international standards like NFPA 30. Earlier fluctuations, including a dip in 2021, occurred without prominent reported drivers but did not alter the overall upward trajectory of the market through 2023.

Production safety or relief valves in Spain

In value, 2017-2020, K $ US

In 2020, Spain's production of safety or relief valves reached a value of 26 055 thousand US dollars, marking a robust increase of 22.9% compared to the previous year. Over the period from 2017 to 2020, production grew by 46%, with a compound annual growth rate of 13.5%. The largest decline occurred in 2019, at 0.6%.

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

In kind, 2017-2020, t

After a two-year decline, production of safety or relief valves in Spain rebounded. In 2020, Spain produced 1 239 tonnes of safety or relief valves, up by 5.5% from the previous year. Between 2017 and 2020, overall production decreased by 3.5%, equating to an annualized rate of 1.2%. The lowest production level was recorded in 2019 at 1 174 tonnes, while the largest decline occurred in 2018 at 5.6%.

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

Exports safety or relief valves from Spain

Exports in kind, t

In 2020, Spain exported 884 tonnes of safety or relief valves, representing an increase of 12.8% compared to the previous year. Over the period from 2017 to 2020, exports decreased by 22.3%, with a compound annual growth rate of 8.1%. The lowest export volume was in 2019 at 784 tonnes, while the highest was in 2018 at 1 336 tonnes. The largest decline occurred in 2019 at 41.3%, and the largest increase was in 2018 at 17.3%.

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

From 2017 to 2020, Spain's exports of safety or relief valves in kind were widely dispersed across partner countries. The United States accounted for 9.6% of exports, the United Arab Emirates for 6.7%, and Algeria for 6.6%. Together, these three countries represented only 22.9% 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

In 2020, Spain exported safety or relief valves valued at 22 818 thousand US dollars, a 4.7% increase compared to the previous year. Over the period from 2017 to 2020, exports decreased by 15.9%, with a compound annual growth rate of 5.6%. The lowest value was recorded in 2019 at 21 795 thousand US dollars, while the highest was in 2018 at 27 989 thousand US dollars. The largest decline occurred in 2019 at 22.1%.

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

From 2017 to 2020, Spain's exports of safety or relief valves in value terms remained scattered across countries. The United States accounted for 14.1% of exports, Portugal for 6.1%, and France for 5.6%. Together, these three partners represented just 25.8% of total flows, with no single country emerging as clearly dominant.

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

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

Imports safety or relief valves to Spain

Imports in kind, t

Spain's imports of safety or relief valves in kind declined for the third consecutive year. In 2020, imports stood at 2 228 tonnes, a slight contraction of 1.7% compared to the previous year. Between 2017 and 2020, imports decreased by 30.6%, equating to an annualized rate of 11.4%.

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

Throughout 2017 to 2020, China, Germany, and Italy played leading roles in Spain's imports of safety or relief valves in kind. China accounted for 30.3% of imports, Germany for 23.2%, and Italy for 8.4%. Together, these three countries accounted for 61.9% 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

Spain's imports of safety or relief valves in value terms declined for the third consecutive year. In 2020, imports totaled 43 149 thousand US dollars, corresponding to a slight decline of 1.4% compared to 2019. Between 2017 and 2020, imports decreased by 16.6%, equating to an annualized rate of 5.9%.

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

From 2017 to 2020, three principal markets—Germany, China, and France—together accounted for 50.9% of Spain's total imports of safety or relief valves in value terms.

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

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