The market is dominated by foreign suppliers, as imports account for 85.5% of total market size in 2023. B2B drives market demand, with B2B spending representing 94.1% of total demand in 2023. Spain has the sixth largest market size for rubber products regionally, with demand reaching USD7.2 billion in 2023. Michelin España Portugal SA is the largest company in Spain, generating 58.3% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 79.1% of total production value in 2023. The total number of companies decreases in 2023, to 619 units. The costs of the industry increase by 9.8% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 12.3% of production value in 2023, the fourth highest regionally. The industry’s exports share decreases in 2023 to 84.0% of total production output. With production value of USD6.3 billion, Spain accounts for 9.0% of the Western Europe total in 2023.
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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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