X-ray opacifying preparations and diagnostic reagents market in Spain

Earlier Report Observations

The market size for x-ray opacifying preparations and diagnostic reagents in Spain grew from 145.4 million US dollars in 2018 to 170.9 million in 2020. This expansion was supported by a significant increase in imports, which rose from 67.5 million to 104.2 million over the same period, offsetting a decline in domestic production in 2020.

After 2020, import values continued their upward trend, climbing from 89.4 million US dollars in 2021 to 145.0 million in 2024. Exports showed more variability, decreasing to 28.2 million in 2023 before rising to 42.9 million the following year.

Production x-ray opacifying preparations and diagnostic reagents in Spain

In value, 2017-2020, M $ US

After two years of growth, Spain's production of x-ray opacifying preparations and diagnostic reagents declined. In 2020, output was valued at 97.0 million US dollars, marking a 13.8% year-over-year drop. Over the 2017-2020 period, production increased by 7.8%, with a compound annual growth rate of 2.5%. The peak value was recorded in 2019 at 112.6 million US dollars, while the largest annual increase occurred in 2018 at 16.6%.

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

Exports x-ray opacifying preparations and diagnostic reagents from Spain

Exports in kind, t

Following two years of growth, Spain's exports of x-ray opacifying preparations and diagnostic reagents in volume terms declined. In 2020, exports totaled 744.6 tonnes, down 17.1% from the previous year. Between 2017 and 2020, exports increased by 48.9%, equating to an annualized growth rate of 14.2%. The highest volume was recorded in 2019 at 897.8 tonnes, with the largest annual increase also occurring that year at 58.4%.

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

From 2017 to 2020, Germany, Japan, and the United Kingdom remained the principal buyers of Spain's x-ray opacifying preparations and diagnostic reagents in volume terms. Germany accounted for 37.4% of exports, Japan for 32.1%, and the United Kingdom for 8.7%. Together, these three countries represented 78.3% of total export volumes.

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

In 2020, Spain's exports of x-ray opacifying preparations and diagnostic reagents in value terms totaled 30.3 million US dollars, showing a slight decline of 1.6% from 2019. Between 2017 and 2020, exports decreased by 4%, equating to an annualized decline of 1.4%. The lowest value was recorded in 2018 at 27.1 million US dollars, with the largest annual decline that year at 14.1%. The largest annual increase occurred in 2019 at 13.5%.

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

Over the 2017-2020 period, Germany, Japan, and the United Kingdom stood out as the main markets for Spain's exports of x-ray opacifying preparations and diagnostic reagents in value terms. Germany accounted for 36.5% of export value, Japan for 15.3%, and the United Kingdom for 12.2%. Collectively, these three countries represented 63.9% of total export flows.

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

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

Imports x-ray opacifying preparations and diagnostic reagents to Spain

Imports in kind, t

Spain imported 654.9 tonnes of x-ray opacifying preparations and diagnostic reagents in 2020, down 18.0% year-over-year. Between 2017 and 2020, imports decreased by 15.9%, equating to an annualized decline of 5.6%. The lowest volume was recorded in 2018 at 614.5 tonnes, while the peak occurred in 2019 at 798.6 tonnes. The largest annual decline was in 2018 at 21.1%, and the largest annual increase was in 2019 at 29.9%.

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

From 2017 to 2020, Germany, Italy, and Ireland were the primary suppliers of x-ray opacifying preparations and diagnostic reagents to Spain in volume terms. Germany accounted for 31.8% of imports, Italy for 29.8%, and Ireland for 19.0%. Together, these three countries made up 80.6% of total import volumes.

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 x-ray opacifying preparations and diagnostic reagents in value terms increased for the third consecutive year. In 2020, imports reached 104.2 million US dollars, equivalent to a sharp gain of 45.7% year-over-year. Over the 2017-2020 period, imports increased by 82.9%, with a compound annual growth rate of 22.3%.

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

In the 2017-2020 period, Germany, Ireland, and Denmark were the largest suppliers of x-ray opacifying preparations and diagnostic reagents to Spain in value terms. Germany accounted for 30.3% of import value, Ireland for 18.6%, and Denmark for 16.5%. Together, these three countries formed 65.3% of total imports.

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

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