Winding wire market in Spain

Earlier Report Observations

The Spanish winding wire market saw minimal domestic consumption in 2018, with only 128 tons, as high exports absorbed most of the 61 015 tons produced that year. By 2019, the market volume expanded to 4 511 tons despite a slight dip in production to 59 458 tons, as export volumes eased. The COVID-19 pandemic in 2020 disrupted global supply chains and dampened foreign demand, leading to stable production around 59 506 tons but a further rise in market size to 5 627 tons, as exports contracted.

Post-pandemic recovery in 2021 drove a significant rebound, with production jumping to 66 174 tons and the market volume doubling to 10 355 tons. This surge was fueled by renewed demand from the automotive and electrical sectors, alongside ongoing innovation in winding wire technology. The presence of major international players like Sumitomo Electric Industries and General Cable Technologies also supported market activity.

Regulatory shifts played a key role in sustaining growth toward 2024, when the market reached 30 892 tons. The 2022 amendment to Spain's Technical Building Code, which mandated more electric vehicle charging points in buildings, directly increased demand for winding wire used in electrical installations. Simultaneously, new energy efficiency rules for exterior lighting and enhanced border surveillance for imported electrical goods reshaped market conditions, favoring domestic consumption over exports.

Production winding wire in Spain

In value, 2017-2020, M $ US

In 2020, Spain's winding wire production was valued at 312.7 million US dollars, marking a 2.9% increase from the previous year. Over the period from 2017 to 2020, production grew by 3.6%, which translates to an annualized growth rate of 1.2%. The highest production value was recorded in 2018 at 323.3 million US dollars, with the largest annual increase of 7.2% occurring that same year. In contrast, 2019 saw the most significant decline, with production dropping by 6.1%.

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

In kind, 2017-2020, t

Following two years of decline, winding wire production in Spain showed signs of recovery. In 2020, Spain produced 59 506 tonnes of winding wire, experiencing only minor fluctuations compared to the previous year. From 2017 to 2020, overall production decreased by 6.1%, corresponding to a compound annual growth rate of -2.1%. The lowest production volume was recorded in 2019 at 59 458 tonnes, while the largest annual decline of 3.7% occurred in 2018.

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

Exports winding wire from Spain

Exports in kind, t

Spain's winding wire exports declined for the third consecutive year. In 2020, the country exported 61 022 tonnes, representing a 3.5% decrease compared to 2019. Over the four-year period from 2017 to 2020, exports fell by 12.7%, with a compound annual growth rate of -4.4%.

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

Between 2017 and 2020, France, Italy, and Germany were the leading destinations for Spain's winding wire exports by volume. France accounted for 31.0% of exports, Italy for 15.4%, and Germany for 14.3%. Together, these three countries represented 60.8% of Spain's total export flows in kind.

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 winding wire export value declined for the second consecutive year. In 2020, exports amounted to 296.8 million US dollars, a slight decrease of 0.7% from the previous year. From 2017 to 2020, export value dropped by 12.8%, with a compound annual growth rate of -4.5%. The peak export value was recorded in 2018 at 371.1 million US dollars, which also saw the largest annual increase of 9.1%. In contrast, 2019 experienced the most significant decline, with exports falling by 19.4%.

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

From 2017 to 2020, France, Italy, and Germany were the primary markets for Spain's winding wire exports by value. France represented 30.8% of export value, Italy 17.8%, and Germany 11.9%. Collectively, these three countries accounted for 60.6% of Spain's total export flows 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 winding wire to Spain

Imports in kind, t

Spain's winding wire imports declined for the second consecutive year. In 2020, imports totaled 7 142 tonnes, down by 14.0% compared to 2019. Over the period from 2017 to 2020, imports decreased by 4.1%, equating to an annualized decline of 1.4%. The highest import volume was recorded in 2018 at 8 902 tonnes, which also saw the largest annual increase of 19.5%.

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

Throughout 2017 to 2020, China, Italy, and Germany were the leading sources of winding wire imports to Spain by volume. China accounted for 28.5% of imports, Italy for 17.6%, and Germany for 17.5%. Together, these three countries made up 63.6% of Spain's total import flows in kind.

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 winding wire import value declined for the second consecutive year. In 2020, imports were valued at 53.1 million US dollars, showing a modest decrease of 1.2% year-over-year. Between 2017 and 2020, import value fell by 7.6%, corresponding to an annualized decline of 2.6%. The peak import value was recorded in 2018 at 53.1 million US dollars, which also experienced the largest annual increase of 6.7%. In 2019, imports saw the most significant decline, dropping by 12.3%.

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

From 2017 to 2020, China, Germany, and Italy formed the core of Spain's winding wire imports by value. China represented 22.4% of import value, Germany 19.1%, and Italy 19.0%. Collectively, these three countries accounted for 60.6% of Spain's total import flows in value terms.

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

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