The Spanish hardware sector (amec fertech) has started 2026 with solid momentum. Exports reached €152.7M in January–February, representing a +19.9% increase vs. 2025. A strong headline that confirms the positive trajectory of recent years—despite a more demanding global context.
But beyond growth, the data reveals a clear pattern.
Europe remains the engine of expansion
The sector continues to rely heavily on nearby markets, with the EU accounting for 70% of total exports and growing at +27.6%.
Key drivers include:
Other markets such as Poland (+37.7%) and Denmark (+28.7%) also show strong momentum, reinforcing the role of Europe as a stable growth base.
Outside Europe: more volatility, slower growth
Performance in non-European markets is notably more uneven, reflecting a tougher competitive and economic environment:
This divergence highlights the increasing complexity of scaling in distant markets.
By subsector: uneven but dynamic
The sector combines stability in core segments with strong growth in specific niches:
This mix reflects both consolidation and transformation within the sector.
What does this tell us?
The Spanish hardware industry is proving its competitiveness and resilience, especially in mature European markets. However, it is also clear that growth is still highly concentrated geographically, with more limited traction in global markets.
👉 70% of exports concentrated in the EU
👉 Strong performance in nearby markets
👉 Increasing difficulty in distant geographies
The takeaway
Growth is real and sustained—but also concentrated.
The next step for the sector is clear: diversify markets and strengthen global positioning.
The opportunity is not just to keep growing, but to grow with greater balance and reach.
