Portugal: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Portugal

The Portuguese market for drawn glass and blown glass soared to $X in 2021, with an increase of 73% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a noticeable curtailment. Drawn glass and blown glass consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports from Portugal

In 2021, approx. X square meters of drawn glass and blown glass were exported from Portugal; surging by 80% compared with 2020 figures. In general, exports saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,449%. Over the period under review, the exports reached the maximum at X square meters in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports contracted slightly to $X in 2021. Over the period under review, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 485%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Cabo Verde (X square meters) was the main destination for drawn glass and blown glass exports from Portugal, with a 73% share of total exports. Moreover, drawn glass and blown glass exports to Cabo Verde exceeded the volume sent to the second major destination, Angola (X square meters), threefold.

From 2012 to 2021, the average annual growth rate of volume to Cabo Verde stood at +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+10.6% per year) and Spain (-30.9% per year).

In value terms, the largest markets for drawn glass and blown glass exported from Portugal were Angola ($X), Cabo Verde ($X) and Spain ($X), together comprising 98% of total exports.

Cabo Verde, with a CAGR of +11.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, with a decrease of -44.7% against the previous year. Overall, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 174% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per square meter), while the average price for exports to Cabo Verde ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+5.7%), while the prices for the other major destinations experienced a decline.

Imports of Drawn Glass And Blown Glass

Imports into Portugal

In 2021, the amount of drawn glass and blown glass imported into Portugal surged to X square meters, growing by 43% compared with the year before. Over the period under review, imports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 50%. As a result, imports reached the peak of X square meters. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2021. Overall, imports, however, saw a noticeable descent. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X square meters), India (X square meters) and Turkey (X square meters) were the main suppliers of drawn glass and blown glass imports to Portugal, together accounting for 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +67.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Slovenia ($X) constituted the largest supplier of drawn glass and blown glass to Portugal, comprising 65% of total imports. The second position in the ranking was held by Spain ($X), with a 14% share of total imports. It was followed by India, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Slovenia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-9.2% per year) and India (+25.7% per year).

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, rising by 169% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $X per square meter in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per square meter), while the price for Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+19.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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