The market is dominated by foreign suppliers, as imports account for 88.6% of total market size in 2022. B2B drives market demand, with B2B spending representing 93.4% of total demand in 2022. Spain has the fifth largest market size for rubber products regionally, with demand reaching USD6.6 billion in 2022. Michelin España Portugal SA is the largest company in Spain, generating 63.5% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 86.1% of total production value in 2022. The total number of companies increases in 2022, to 726 units. The costs of the industry increase by 4.2% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 11.7% of production value in 2022, the sixth highest regionally. The industry’s exports share increases in 2022 to 87.0% of total production output. With production value of USD5.8 billion, Spain accounts for 8.8% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Rubber Products in Spain: ISIC 251. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Rubber Products in Spain: ISIC 251 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Rubber and Plastic is an aggregation of Plastic and Rubber products.
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