Stabilisers for rubber or plastics market in Spain

Earlier Report Observations

The Spanish market for anti-oxidising preparations and stabilisers for rubber and plastics, in volume terms, experienced fluctuations between 2018 and 2024. Starting at 26 315 t in 2018, it peaked at 30 156 t in 2019, then gradually declined to 26 571 t by 2023, before recovering to 29 697 t in 2024. In value, the market demonstrated steadier expansion, rising from USD 91.9 million in 2018 to USD 123.6 million in 2024.

In 2022, market volume saw a modest increase to 28 468 t. This growth coincided with global industry trends, including rising industrial demand for plastic additives and a shift toward sustainable solutions and circular economy models. The development and adoption of advanced antioxidant formulations, such as BASF's VALERAS portfolio, along with increased use of phenolic antioxidants to improve the durability and lifespan of plastics and rubber products, provided key support to market activity during this period.

Following 2022, market volume contracted in 2023 to 26 571 t, but then rebounded significantly in 2024 to 29 697 t, approaching the peak levels seen earlier in the period. The consistent growth in market value throughout these years suggests an ongoing trend toward higher-value or more specialised stabiliser products in Spain.

Production stabilisers for rubber or plastics in Spain

In value, 2017-2020, K $ US

In 2020, Spain's output of stabilisers for rubber or plastics was valued at 74 722 thousand US dollars, marking a 23.1% increase compared to 2019. Over the period from 2017 to 2020, production grew by 31.5%, with a compound annual growth rate of 9.6%. The largest decline occurred in 2019, at 2.0%.

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

In kind, 2017-2020, t

In 2020, Spain produced 24 640 tonnes of stabilisers for rubber or plastics, representing a 24.5% gain from 2019. Between 2017 and 2020, production increased by 26%, equating to an annualised growth rate of 8.0%. The largest decline was recorded in 2019, at 3.0%.

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

Exports stabilisers for rubber or plastics from Spain

Exports in kind, t

After a two-year decline, Spain's volume of stabilisers for rubber or plastics exports increased. In 2020, Spain exported 11 538 tonnes, showing no significant change compared to 2019. The minimum value was recorded in 2019 at 11 503 tonnes. The largest decline occurred in 2018, at 1.6%.

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

From 2017 to 2020, Portugal, Morocco, and Romania were the largest buyers of stabilisers for rubber or plastics from Spain, accounting for 26.5%, 10.4%, and 7.0% of exports in kind, respectively. Together, they represented 43.9% of total exports in kind, with the remainder distributed among numerous smaller partners.

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, stabilisers for rubber or plastics exports from Spain amounted to 33 599 thousand US dollars, reflecting a moderate improvement of 4.2% compared to 2019. Over the period from 2017 to 2020, exports increased by 6.8%, with a compound annual growth rate of 2.2%. The maximum value was recorded in 2018 at 33 735 thousand US dollars. The largest decline occurred in 2019, at 4.4%, while the largest increase was in 2018, at 7.3%.

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

From 2017 to 2020, the geographical structure of exports in value terms was highly diversified. Portugal, Morocco, and Romania accounted for 24.1%, 10.0%, and 8.0% of exports in value terms, respectively, totalling 42.2% of total flows. The remaining 57.8% was distributed among numerous smaller partner countries.

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

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

Imports stabilisers for rubber or plastics to Spain

Imports in kind, t

In 2020, Spain's imports of stabilisers for rubber or plastics reached 16 801 tonnes, down by 23.2% compared to 2019. Over the period from 2017 to 2020, imports decreased by 18%, with a compound annual decline rate of 6.4%. The maximum value was recorded in 2019 at 21 864 tonnes, which also saw the largest increase at 25.0%.

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

Throughout 2017 to 2020, Germany, Sweden, and Italy formed the core of Spain's imports in kind, accounting for 24.6%, 22.2%, and 19.3% of imports, respectively. Together, they represented 66.1% 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, K $ US

After a two-year rise, Spain's import volume of stabilisers for rubber or plastics declined. In 2020, imports reached 53 202 thousand US dollars, reflecting a substantial reduction of 21.3% year-on-year. Between 2017 and 2020, imports decreased by 13.3%, equating to an annualised decline rate of 4.7%. The maximum value was recorded in 2019 at 67 573 thousand US dollars, which also saw the largest increase at 6.2%.

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

From 2017 to 2020, Germany, Italy, and Sweden stood out as the main markets for Spain's imports in value terms, accounting for 26.1%, 25.5%, and 10.0% of imports, respectively. Together, they represented 61.6% 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