Market research

Urea and thiourea resins market in Spain

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Between 2019 and 2024, the Spanish market for urea and thiourea resins in primary forms experienced a significant contraction in physical volume. After maintaining levels around 242–245 thousand tons in 2019 and 2021, the market size dropped to 187.3 thousand tons by 2024, marking a 23% decline over three years.

In value terms, the market showed pronounced volatility, expanding from $90.9 million in 2019 to a peak of $153.4 million in 2022—a 69% increase—before falling sharply to $95.6 million in 2024. This represented a 38% drop from the 2022 peak, indicating substantial price fluctuations alongside the volume reduction.

Domestic production followed a similar downward trajectory, decreasing from 199.0 thousand tons in 2021 to 148.6 thousand tons in 2024. While imports and exports fluctuated over the period, the overall market volume consistently shrank, reflecting a broad-based reduction in activity.

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. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Spain in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Spain by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Spain, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Spain by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Spain by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Spain in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Spain by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Spain, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to 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 urea and thiourea resins in Spain

In value, 2017-2020, K $ US

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

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

Source: SHEV.io

In kind, 2017-2020, K t

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	n/a	-

Source: SHEV.io

Exports urea and thiourea resins from Spain

Exports in kind, t

After two years of decline, Spain's cross-border shipments of urea and thiourea resins increased in 2020. Exports reached 32 420 tonnes, marking a moderate 5.2% rise from 2019. The lowest export volume was recorded in 2019 at 30 820 tonnes, while the largest decline occurred in 2018 with a 3.5% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.5%)	(0.9%)	5.2%	0.2%

Source: SHEV.io

From 2017 to 2020, France, Bulgaria, and Germany remained the top destinations for Spain's urea and thiourea resins exports by volume. France accounted for 46.0% of exports, Bulgaria for 19.1%, and Germany for 8.0%. Together, these three countries represented 73.1% of total export flows during this period.

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 urea and thiourea resins export value reached 27 992 thousand US dollars, showing a 7.1% increase from the previous year. Over the 2017-2020 period, exports grew by 4.4%, equivalent to an annualized rate of 1.4%. The lowest value was recorded in 2019 at 26 148 thousand US dollars, while the highest was in 2018 at 28 446 thousand US dollars. The largest decline occurred in 2019 with an 8.1% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.1%	(8.1%)	7.1%	1.4%

Source: SHEV.io

Between 2017 and 2020, Bulgaria, France, and Germany consistently led as the main destinations for Spain's urea and thiourea resins exports by value. Bulgaria accounted for 27.7% of export value, France for 14.9%, and Germany for 12.8%. Combined, these three markets represented 55.4% of total export flows in value terms.

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 urea and thiourea resins to Spain

Imports in kind, t

Spain's urea and thiourea resins import volume declined for the second consecutive year in 2020. Imports amounted to 70 409 tonnes, which is 18.7% lower than the previous year. Over the 2017-2020 period, imports decreased by 10.3%, with a compound annual growth rate of -3.5%. The highest import volume was recorded in 2018 at 88 182 tonnes, with the largest increase that year at 12.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.4%	(1.7%)	(18.7%)	(3.5%)

Source: SHEV.io

From 2017 to 2020, Portugal was the dominant supplier of urea and thiourea resins to Spain, accounting for 96.5% of total imports by volume.

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

Spain's urea and thiourea resins import value declined for the second year in a row in 2020. Imports totaled 28 943 thousand US dollars, representing a 21.1% decrease year-over-year. Over the 2017-2020 period, imports fell by 16.2%, with a compound annual growth rate of -5.7%. The peak import value was recorded in 2018 at 40 014 thousand US dollars, with the largest increase that year at 15.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	15.9%	(8.3%)	(21.1%)	(5.7%)

Source: SHEV.io

Between 2017 and 2020, Portugal concentrated most of Spain's urea and thiourea resins imports by value, accounting for 83.3% of total flows. The remaining imports were distributed among a fragmented group of other markets.

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