SI passenger vehicles market in Spain

Earlier Report Observations

The market for spark-ignition passenger vehicles in Spain showed significant volatility between 2018 and 2024. After starting at 11 089 million USD in 2018, market size dipped slightly in 2019 and then plunged to 5 604 million USD in 2020, a drop of over 45% from the previous year.

A sustained recovery began in 2021, with the market growing to 7 339 million USD that year and continuing to expand annually. By 2024, the market had not only recovered but exceeded its 2018 value, reaching 12 187 million USD, which represents an increase of nearly 10% over the six-year period.

Production SI passenger vehicles in Spain

In value, 2017-2020, M $ US

Spain's production of SI passenger vehicles declined after two consecutive years of growth. In 2019, output reached its peak at 21 711 million US dollars. However, in 2020, production fell to 17 416 million US dollars, marking a 19.8% year-over-year decrease. Over the entire 2017-2020 period, production increased by 3.4%, which translates to an average annual growth rate of 1.1%. The most significant annual increase occurred in 2018, when production rose by 26.5%.

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

In kind, 2017-2020, K unit

Spain's production of SI passenger vehicles in physical terms declined after two years of improvement. In 2019, output peaked at 1 642 thousand units. However, in 2020, production dropped sharply to 1 243 thousand units, representing a 24.3% year-over-year decline. Over the 2017-2020 period, overall production decreased by 6.1%, with an average annual decline of 2.1%. The largest annual increase was recorded in 2018, when production grew by 18.0%.

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

Exports SI passenger vehicles from Spain

Exports in kind, K unit

Spain's exports of SI passenger vehicles in physical terms declined after two years of growth. In 2019, exports reached their highest level at 1 593 thousand units, with that year also seeing the largest annual increase of 12.7%. However, in 2020, exports fell to 1 118 thousand units, a 29.8% decrease compared to the previous year. Over the 2017-2020 period, total exports decreased by 11.3%, with an average annual decline of 3.9%.

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

During the 2017-2020 period, Germany, France, and the United Kingdom remained the primary destinations for Spain's SI passenger vehicle exports in physical terms. Germany accounted for 20.6% of exports, France for 18.4%, and the United Kingdom for 11.0%. Together, these three countries represented 50.0% of Spain's total SI passenger vehicle exports by volume.

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 exports of SI passenger vehicles in value terms declined after two years of growth. In 2019, exports reached their peak at 20 797 million US dollars. However, in 2020, exports fell to 17 330 million US dollars, representing a 16.7% year-over-year decrease. Over the 2017-2020 period, total exports increased by 6.0%, with an average annual growth rate of 2.0%. The largest annual increase occurred in 2018, when exports grew by 19.8%.

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

During the 2017-2020 period, Germany, France, and the United Kingdom led Spain's SI passenger vehicle exports in value terms. Germany accounted for 22.7% of export value, France for 18.1%, and the United Kingdom for 10.7%. Collectively, these three countries represented 51.5% of Spain's total SI passenger vehicle export value.

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

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

Imports SI passenger vehicles to Spain

Imports in kind, K unit

Spain's imports of SI passenger vehicles in physical terms declined after two years of growth. In 2019, imports peaked at 709 thousand units, with that year also seeing the largest annual increase of 17.8%. However, in 2020, imports dropped significantly to 416 thousand units, a 41.3% decrease compared to 2019. Over the 2017-2020 period, total imports decreased by 20.8%, with an average annual decline of 7.5%.

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

During the 2017-2020 period, Spain's imports of SI passenger vehicles in physical terms were relatively fragmented across multiple countries. Germany was the largest source, accounting for 18.8% of imports, followed by France at 14.0% and Czechia at 9.0%. Together, these three countries represented 41.7% of total import volume, with no single country holding a dominant share.

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 SI passenger vehicles in value terms declined after two years of growth. In 2019, imports reached their highest level at 9 583 million US dollars. However, in 2020, imports fell sharply to 5 518 million US dollars, a 42.4% decrease compared to the previous year. Over the 2017-2020 period, total imports decreased by 22.2%, with an average annual decline of 8.0%. The largest annual increase occurred in 2018, when imports grew by 31.8%.

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

During the 2017-2020 period, Germany, France, and Czechia were the leading sources of Spain's SI passenger vehicle imports in value terms. Germany accounted for 25.0% of import value, France for 12.9%, and Czechia for 12.5%. Together, these three countries represented 50.4% of Spain's total SI passenger vehicle import value.

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

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