Report Update Mar 1, 2025

Spain - Tankers - Market Analysis, Forecast, Size, Trends and Insights

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Spain: Tanker Market 2025

Tanker Market Size in Spain

In 2021, the Spanish tanker market decreased by 0% to less than $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a precipitous decrease. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Tanker Production in Spain

In value terms, tanker production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production faced a abrupt downturn. The growth pace was the most rapid in 2014 when the production volume increased by 113%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Tanker Exports

Exports from Spain

In 2019, after two years of decline, there was significant decline in shipments abroad of tankers, when their volume decreased by -33.3% to X units. In general, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 100%. Over the period under review, the exports reached the maximum at X units in 2018, and then contracted markedly in the following year.

In value terms, tanker exports declined to $X in 2019. Overall, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 693% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

From 2012 to 2020, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, Panama ($X) emerged as the key foreign market for tankers exports from Spain.

From 2012 to 2020, the average annual rate of growth in terms of value to Panama totaled -23.8%.

Export Prices by Country

The average tanker export price stood at $X per unit in 2020, growing by 512% against the previous year. Overall, the export price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by 4,585% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2020, the rate of growth in terms of prices for Norway amounted to +17.2% per year.

Tanker Imports

Imports into Spain

In 2021, supplies from abroad of tankers increased by 200% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 700% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, tanker imports skyrocketed to $X in 2021. Overall, imports saw a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 8,682,424%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest tanker supplier to Spain, with a 50% share of total imports. Moreover, tanker imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Denmark (X units), threefold. South Korea (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +200.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-10.9% per year) and South Korea (-40.5% per year).

In value terms, South Korea ($X) constituted the largest supplier of tankers to Spain, comprising 100% of total imports. The second position in the ranking was held by the Netherlands ($X), with less than 0.1% share of total imports. It was followed by Denmark, with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea totaled -24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+174.4% per year) and Denmark (+148.4% per year).

Import Prices by Country

In 2021, the average tanker import price amounted to $X per unit, rising by 342,862% against the previous year. In general, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 an increase of 11,776,839% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+175.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tankers in the world?

The countries with the highest volumes of in 2021 were China, Germany and Indonesia, together accounting for 54% of global consumption. These countries were followed by Poland, Brazil, Belgium and France, which together accounted for a further 34%.

What are the largest producers of tankers in the world?

The countries with the highest volumes of in 2021 were China, Germany and South Korea, with a combined 90% share of global production.

What are the leading suppliers of tankers to Spain?

In value terms, Cameroon constituted the largest supplier of tanker to Spain.

What are the leading importers of tankers from Spain?

In value terms, Turkey emerged as the key foreign market for tanker exports from Spain, comprising 80% of total exports. The second position in the ranking was occupied by the Netherlands, with a 20% share of total exports.

What is the average export price for tankers in Spain?

The average tanker export price stood at $48,348 per unit in 2021, growing by 68% against the previous year.

What is the average import price for tankers in Spain?

In 2021, the average tanker import price amounted to $336,693 per unit, with an increase of 3,352% against the previous year.

This report provides an in-depth analysis of the tanker market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30112210 - Crude oil tankers
Prodcom 30112230 - Oil product tankers
Prodcom 30112250 - Chemical tankers
Prodcom 30112270 - Gas carriers

Country coverage:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024