Vehicle fittings market in Spain

Earlier Report Observations

Between 2018 and 2019, the market volume for base metal vehicle fittings in Spain expanded from 22 825 t to 24 607 t. This growth was supported by a 46% surge in sales of hybrid and electric vehicles and an aging vehicle fleet, which increased demand for replacement and new components. The market then contracted sharply to 16 381 t in 2020.

A gradual recovery began in 2021, accelerating significantly in 2023 when the market reached 22 211 t. This rebound was fueled by public support measures that boosted investor and consumer confidence, alongside a resilient national industrial ecosystem capable of meeting domestic and export demand. In 2024, growth continued to 23 819 t, driven by a 7.1% rise in new car registrations, purchase incentive programs for low-emission vehicles like Moves III, and stricter European environmental regulations that spurred demand for modern, compliant fittings.

Production vehicle fittings in Spain

In value, 2017-2020, K $ US

Spain's vehicle fittings production experienced a decline in 2020 after two years of growth. Output was valued at 35 871 thousand US dollars, marking a 10.5% year-over-year decrease. Over the 2017-2020 period, production increased by 12.5%, with a compound annual growth rate of 4.0%. The peak value occurred in 2019 at 40 066 thousand US dollars, while the largest annual increase was recorded in 2018 at 16.9%.

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

In kind, 2017-2020, t

Spain's vehicle fittings production declined in 2020 following two years of expansion. The country produced 3 376 tonnes, representing a 10.0% year-over-year decrease. From 2017 to 2020, production grew by 12.1%, with a compound annual growth rate of 3.9%. The highest production volume was achieved in 2019 at 3 749 tonnes, and the largest annual increase occurred in 2018 at 16.6%.

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

Exports vehicle fittings from Spain

Exports in kind, t

Spain's vehicle fittings exports declined for the third consecutive year in 2020, reaching 8 533 tonnes. This represented a significant 30.4% decrease compared to the previous year. Between 2017 and 2020, exports fell by 55.2%, equating to an annualized decline of 23.5%.

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

From 2017 to 2020, Germany, France, and Italy were Spain's key export partners for vehicle fittings by volume. Germany accounted for 38.7% of exports, France for 11.5%, and Italy for 9.7%. Together, these three countries represented 59.9% of Spain's total vehicle fittings exports.

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 vehicle fittings exports declined for the second consecutive year in 2020, totaling 64.2 million US dollars. This represented an 11.9% decrease compared to the previous year. Between 2017 and 2020, exports decreased by 16.9%, with an annualized decline of 6.0%. The highest export value was recorded in 2018 at 85.1 million US dollars, which also saw the largest annual increase at 10.1%. The most significant annual decline occurred in 2019 at 14.3%.

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

From 2017 to 2020, Germany, France, and Morocco were the primary destinations for Spain's vehicle fittings exports by value. Germany accounted for 18.5% of export value, France for 17.9%, and Morocco for 14.5%. Collectively, these three markets represented 50.9% of Spain's total vehicle fittings 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 vehicle fittings to Spain

Imports in kind, t

Spain's vehicle fittings imports declined for the second consecutive year in 2020, totaling 21 538 tonnes. This represented a substantial 35.0% decrease compared to 2019. Over the 2017-2020 period, imports decreased by 18.6%, with a compound annual decline of 6.6%. The peak import volume was recorded in 2018 at 36 726 tonnes, which also saw the largest annual increase at 38.9%.

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

From 2017 to 2020, Spain's vehicle fittings imports by volume were distributed across multiple markets. Germany was the largest source at 24.8% of imports, followed by Poland at 11.8% and Portugal at 10.5%. Together, these three countries accounted for 47.0% of Spain's total vehicle fittings imports.

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 vehicle fittings imports declined for the second consecutive year in 2020, with a total value of 180.7 million US dollars. This represented a 21.6% year-over-year decrease. Between 2017 and 2020, imports fell by 31.1%, with a compound annual decline of 11.7%. The highest import value was recorded in 2018 at 264.5 million US dollars, which also saw a modest annual increase of 0.9%.

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

From 2017 to 2020, Germany, France, and Poland were Spain's principal suppliers of vehicle fittings by value. Germany accounted for 34.7% of import value, France for 11.3%, and Poland for 8.6%. Together, these three countries represented 54.5% of Spain's total vehicle fittings 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