The market is dominated by foreign suppliers, as imports account for 63.9% of total market size in 2022. B2B drives market demand, with B2B spending representing 98.1% of total demand in 2022. Spain has the fourth largest market size for fertilisers and nitrogen compounds regionally, with demand reaching USD4.0 billion in 2022. Grupo Villar Mir SA is the largest company in Spain, generating 26.7% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 71.3% of total production value in 2022. The total number of companies increases in 2022, to 275 units. The costs of the industry decrease by 7.8% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 19.5% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 49.2% of total production output. With production value of USD2.4 billion, Spain accounts for 8.7% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Fertilisers and Nitrogen Compounds in Spain: ISIC 2412. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Fertilisers and Nitrogen Compounds in Spain: ISIC 2412 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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