Vinyl ester and other vinyl polymers in primary forms market in Spain

Earlier Report Observations

The Spanish market for vinyl ester and other vinyl polymers in primary forms expanded consistently from 2018 to 2022. Market volume grew from 68 205 t to 86 089 t in physical terms, while value increased from 192.0 million USD to 293.7 million USD. A key driver in 2019 was a surge in import demand, with Spain recording one of the highest import growth rates for these polymers, adding 13.5 million USD in import value, which reflected stronger domestic consumption needs. Throughout the period, production and imports both rose, supporting overall market growth. In 2020, the export market structure remained stable with a balanced competitive landscape, as measured by a Shannon entropy index of 4.06.

In the later years of the period, import and export activity stayed elevated. By 2024, imports reached 67 800 t, continuing an upward trend. This occurred alongside a global shift toward sustainability, which increased demand for bio-based and recyclable vinyl acetate polymers. European environmental regulations, particularly those promoting low-VOC coatings and adhesives, further stimulated innovation and likely supported market volumes in Spain.

Production vinyl ester and other vinyl polymers in primary forms in Spain

In value, 2017-2020, M $ US

Production of vinyl ester and other vinyl polymers in primary forms in Spain has increased for the second consecutive year. In 2020, output was valued at 112.7 million US dollars, showing a modest year-over-year rise of 2.7%. The lowest value was recorded in 2018 at 106.4 million US dollars, which also saw the largest decline of 4.4%. In contrast, the largest increase occurred in 2019, with a gain of 3.1%.

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

In kind, 2017-2020, t

Production of vinyl ester and other vinyl polymers in primary forms in Spain has increased for the second consecutive year. In 2020, Spain produced 47 862 tonnes, indicating a small gain of 2.1% compared to 2019. The lowest volume was recorded in 2018 at 40 496 tonnes, which also experienced the largest decline of 14.5%. The largest increase was in 2019, with a rise of 15.8%.

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

Exports vinyl ester and other vinyl polymers in primary forms from Spain

Exports in kind, t

In 2020, exports of vinyl ester and other vinyl polymers in primary forms from Spain totalled 22 677 tonnes, which is 13.2% lower year-over-year. The maximum volume was recorded in 2019 at 26 132 tonnes, which also saw the largest increase of 13.0%. Between 2017 and 2020, exports decreased by 12.2%, equating to an annualized rate of 4.2%.

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

From 2017 to 2020, the country breakdown of exports in kind was scattered. Portugal accounted for 17.2% of exports, the Netherlands for 14.6%, and Germany for 9.7%. Together, these three countries represented just 41.5% of total flows, with no single partner emerging as clearly dominant.

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

After a two-year gain, exports of vinyl ester and other vinyl polymers in primary forms from Spain declined. In 2020, Spain exported 48.5 million US dollars worth of these products, reflecting a drop of 15.9% from 2019. The maximum value was recorded in 2019 at 57.6 million US dollars, which also saw the largest increase of 19.5%.

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

From 2017 to 2020, vinyl ester and other vinyl polymers in primary forms from Spain were traded with many countries. Even the largest destinations—the Netherlands, Germany, and Portugal—together represented only 40.5% of total exports in value terms.

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

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

Imports vinyl ester and other vinyl polymers in primary forms to Spain

Imports in kind, t

Imports of vinyl ester and other vinyl polymers in primary forms into Spain have increased for the third consecutive year. In 2020, Spain imported approximately 59 047 tonnes, reflecting a robust increase of 10.3% compared to the previous year. Over the period from 2017 to 2020, imports grew by 28.3%, with a compound annual growth rate of 8.7%.

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

From 2017 to 2020, Germany was the principal source for imports in kind, accounting for 46.4%, followed by France at 11.4% and Italy at 8.0%. Together, these three countries jointly accounted for 65.9% 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, M $ US

Spain's imports of vinyl ester and other vinyl polymers in primary forms have increased for the third consecutive year. In 2020, import volume reached 151.7 million US dollars, equivalent to an improvement of 6.2% from a year earlier. Over the period from 2017 to 2020, imports increased by 32.5%, with a compound annual growth rate of 9.8%.

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

Throughout 2017 to 2020, Germany remained the main market for imports in value terms, accounting for 40.1%, followed by Belgium at 19.6% and France at 9.6%. Together, these three countries jointly took 69.2% of total flows of vinyl ester and other vinyl polymers in primary forms to Spain.

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

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