Market research

Stearic acid market in Spain

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The volume of the stearic acid market in Spain contracted sharply from over 35 000 t in 2018 to 10 310 t in 2022. This decline was accelerated by the COVID-19 pandemic in 2020, which disrupted global supply chains and reduced industrial demand, leading to lower domestic production and overall consumption.

Trade flows mirrored this downturn, with imports falling from 10 835 t to 7 126 t and exports from 5 349 t to 4 122 t between 2018 and 2022. By 2024, imports had recovered to 9 526 t, indicating a gradual market stabilization following the pandemic's initial impact.

In value terms, the market decreased from $35.1 million in 2018 to $22.9 million in 2022, reflecting the combined effect of lower physical volumes and broader economic uncertainty during the period.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In kind
  1. 4.1.1. Production, 2018-2020, 2022
  2. 4.1.2. Imports, 2018-2024
  3. 4.1.3. Exports, 2018-2024
  4. 4.1.4. Market size, 2018-2020, 2022
2. 4.2. In value
  1. 4.2.1. Production, 2018-2020, 2022
  2. 4.2.2. Imports, 2018-2024
  3. 4.2.3. Exports, 2018-2024
  4. 4.2.4. Market size, 2018-2020, 2022
5. Production
1. 5.1. Production in Spain
  1. 5.1.1. In kind, 2018-2020, 2022, t
  2. 5.1.2. In value, 2018-2020, 2022, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Spain by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Spain by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production stearic acid in Spain

In value, 2017-2020, K $ US

Spain's stearic acid production declined for the third consecutive year. In 2020, output was valued at 25 540 K $ US, down 0.9% year-on-year. Between 2017 and 2020, production decreased by 36.6%, with a compound annual growth rate of 14.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(25.0%)	(14.7%)	(0.9%)	(14.1%)

Source: SHEV.io

In kind, 2017-2020, t

Spain's stearic acid production declined for the third consecutive year. In 2020, 24 495 tonnes were produced, a 10.4% decrease compared to the previous year. From 2017 to 2020, production fell by 33%, equating to an annualized rate of 12.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.9%)	(7.8%)	(10.4%)	(12.5%)

Source: SHEV.io

Exports stearic acid from Spain

Exports in kind, t

In 2020, stearic acid export volumes from Spain amounted to 4 548 tonnes, a slight increase of 1.5% relative to the prior year. The lowest volume was recorded in 2019 at 4 482 tonnes, while the highest was in 2018 at 5 349 tonnes. The largest decline occurred in 2019, down 16.2%, and the largest increase was in 2018, up 16.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	16.1%	(16.2%)	1.5%	(0.4%)

Source: SHEV.io

From 2017 to 2020, the main destinations for Spain's stearic acid exports in kind were France, Portugal, and Germany. France accounted for 35.2% of exports, Portugal for 15.1%, and Germany for 10.2%. Together, these three countries represented 60.5% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2020, Spain's stearic acid exports reached 5 265 K $ US, a 5.3% increase compared to 2019. Over the period 2017-2020, exports decreased by 8.4%, with a compound annual growth rate of 2.9%. The lowest value was in 2019 at 4 998 K $ US, and the highest was in 2018 at 6 005 K $ US. The largest decline occurred in 2019, down 16.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.5%	(16.8%)	5.3%	(2.9%)

Source: SHEV.io

From 2017 to 2020, the largest share of Spain's stearic acid exports in value terms went to France, Portugal, and Germany. France accounted for 34.6% of exports, Portugal for 13.4%, and Germany for 8.9%. Combined, these three countries comprised 57.0% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports stearic acid to Spain

Imports in kind, t

Spain's stearic acid import volume declined for the third consecutive year. In 2020, Spain imported 8 778 tonnes, down 15.1% compared to the previous year. Between 2017 and 2020, imports decreased by 20.4%, with a compound annual growth rate of 7.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.7%)	(4.5%)	(15.1%)	(7.3%)

Source: SHEV.io

From 2017 to 2020, the leading sources for Spain's stearic acid imports in kind were Indonesia, Belgium, and Germany. Indonesia accounted for 39.6% of imports, Belgium for 12.1%, and Germany for 11.5%. Together, these three countries made up 63.2% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After a two-year decline, Spain's stearic acid imports increased. In 2020, Spain imported approximately 9 455 K $ US, a slight gain of 1.2% compared to the previous year. Between 2017 and 2020, imports decreased by 22.7%, equating to an annualized rate of 8.2%. The lowest value was recorded in 2019 at 9 339 K $ US, with the largest decline that year at 14.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.8%)	(14.3%)	1.2%	(8.2%)

Source: SHEV.io

From 2017 to 2020, the leading sources for Spain's stearic acid imports in value terms were Indonesia, Germany, and Belgium. Indonesia accounted for 36.2% of imports, Germany for 13.5%, and Belgium for 11.8%. Together, these three countries accounted for 61.6% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io