Market research

Synthetic rubber 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 synthetic rubber market in Spain saw its volume oscillate between 2019 and 2024, starting at 205.3 thousand tons in 2019, dipping to 191.3 thousand tons in 2020, and peaking at 203.9 thousand tons in 2021 before a sharp contraction to 151.0 thousand tons in 2024. In contrast, the market value demonstrated resilience, falling to 350.3 million dollars in 2020 but then climbing steadily to reach 503.4 million dollars by 2024.

Domestic production grew from 100.2 thousand tons in 2019 to 113.9 thousand tons in 2021, stabilizing at 113.1 thousand tons in 2024. Import volumes declined over the period, from 242.3 thousand tons in 2019 to 177.7 thousand tons in 2024, while exports fluctuated, ending at 139.8 thousand tons in 2024, contributing to the net reduction in market volume.

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 and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2019-2021, 2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2019-2021, 2024
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2019-2021, 2024
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2019-2021, 2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Spain
  1. 5.1.1. In kind, 2019-2021, 2024, K t
  2. 5.1.2. In value, 2019-2021, 2024, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K t
  2. 5.2.2. In value, 2018-2024, M $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, M $ 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, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, M $ 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, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, M $ 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, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, M $ 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, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 synthetic rubber in Spain

In value, 2017-2020, M $ US

In 2020, Spain's synthetic rubber output was valued at 223.1 million US dollars, marking a 12.6% decrease compared to the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	(12.6%)	-

Source: SHEV.io

In kind, 2017-2020, K t

Spain produced 106.8 thousand tonnes of synthetic rubber in 2020, showing a modest 6.5% increase from 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	6.5%	-

Source: SHEV.io

Exports synthetic rubber from Spain

Exports in kind, K t

In 2020, Spain exported 122.0 thousand tonnes of synthetic rubber, reflecting an 11.1% decline compared to 2019. Between 2017 and 2020, exports decreased by 3%, which translates to an annualized rate of 1.0%. The highest export volume was recorded in 2019 at 137.2 thousand tonnes, with the largest increase of 11.0% also occurring that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.8%)	11.0%	(11.1%)	(1.0%)

Source: SHEV.io

From 2017 to 2020, Spain's synthetic rubber exports in volume terms were diversified, with Germany accounting for 19.0%, France for 15.6%, and the United States for 13.6% of total exports. Together, these three countries represented just 48.3% of total flows, indicating no single country held a clearly dominant position.

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, M $ US

Synthetic rubber exports from Spain declined for the second consecutive year in 2020, reaching 218.6 million US dollars, down 26.6% year-on-year. Between 2017 and 2020, exports decreased by 28.3%, equating to an annualized rate of 10.5%. The peak value was recorded in 2018 at 307.3 million US dollars, with the largest increase of 0.8% also occurring that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.8%	(3.1%)	(26.6%)	(10.5%)

Source: SHEV.io

From 2017 to 2020, Spain's synthetic rubber exports in value terms were broadly spread across markets. Germany accounted for 18.1%, France for 16.5%, and the United States for 12.8% of total exports, with these three countries together representing only 47.4% of total 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 synthetic rubber to Spain

Imports in kind, K t

In 2020, Spain's synthetic rubber import volume was 206.5 thousand tonnes, down 14.8% year-on-year. Over the period from 2017 to 2020, imports decreased by 8.2%, with a compound annual growth rate of -2.8%. The highest import volume was recorded in 2019 at 242.3 thousand tonnes, with the largest increase of 11.9% also occurring that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.8%)	11.9%	(14.8%)	(2.8%)

Source: SHEV.io

From 2017 to 2020, Spain's synthetic rubber imports in volume terms were fragmented, with Germany accounting for 17.6%, France for 13.7%, and Russia for 11.2% of total imports. Together, these three countries represented only 42.5% of total flows, and no single country exceeded a dominant share.

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, M $ US

Synthetic rubber imports into Spain declined for the second consecutive year in 2020, reaching 345.9 million US dollars, a sharp reduction of 20.1% compared to the previous year. Between 2017 and 2020, imports decreased by 27.4%, equating to an annualized rate of 10.1%. The peak value was recorded in 2018 at 484.5 million US dollars, with the largest increase of 1.7% also occurring that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.7%	(10.7%)	(20.1%)	(10.1%)

Source: SHEV.io

From 2017 to 2020, France, Germany, and Italy were the largest suppliers of synthetic rubber to Spain in value terms, accounting for 22.5%, 11.6%, and 10.8% of total imports, respectively. However, their combined contribution was limited to 45.0% of total imports, reflecting a diversified country structure.

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