Portugal: Flat Glass Market 2024

Flat Glass Market Size in Portugal

The Portuguese flat glass market skyrocketed to $X in 2021, increasing by 22% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.0% against 2018 indices. Flat glass consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Flat Glass Production in Portugal

In value terms, flat glass production declined notably to $X in 2021 estimated in export price. Overall, production saw a mild reduction. The growth pace was the most rapid in 2013 when the production volume increased by 214% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then plummeted in the following year.

Flat Glass Exports

Exports from Portugal

Flat glass exports from Portugal contracted to X tons in 2021, with a decrease of -3% on the year before. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, flat glass exports declined to $X in 2021. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for flat glass exports from Portugal, accounting for a 72% share of total exports. Moreover, flat glass exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), fivefold. France (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-15.1% per year) and France (-15.0% per year).

In value terms, Spain ($X) remains the key foreign market for flat glass exports from Portugal, comprising 47% of total exports. The second position in the ranking was taken by Angola ($X), with a 16% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-19.8% per year) and France (+0.8% per year).

Export Prices by Country

In 2021, the average flat glass export price amounted to $X per ton, approximately equating the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into Portugal

In 2021, the amount of flat glass imported into Portugal amounted to X tons, growing by 6.4% compared with 2020. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.5% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 21%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, flat glass imports surged to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +13.6% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 29%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of flat glass to Portugal, accounting for a 75% share of total imports. Moreover, flat glass imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. The third position in this ranking was held by France (X tons), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.2% per year) and France (+5.8% per year).

In value terms, Spain ($X) constituted the largest supplier of flat glass to Portugal, comprising 72% of total imports. The second position in the ranking was taken by Germany ($X), with an 8% share of total imports. It was followed by France, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.4% per year) and France (+4.8% per year).

Import Prices by Country

The average flat glass import price stood at $X per ton in 2021, increasing by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Turkey ($X per ton) and France ($X per ton), while the price for Saudi Arabia ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :