Portugal: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Portugal

The Portuguese glass fibre filament market surged to $X in 2021, rising by 42% 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). Overall, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +95.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Glass Fibre Filament Exports

Exports from Portugal

In 2021, glass fibre filament exports from Portugal reduced notably to X tons, with a decrease of -64.3% against 2020. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 479%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass fibre filament exports fell rapidly to $X in 2021. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 223%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for glass fibre filament exports from Portugal, accounting for a 62% share of total exports. Moreover, glass fibre filament exports to Germany exceeded the volume sent to the second major destination, Brazil (X tons), threefold. France (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+631.9% per year) and France (+21.6% per year).

In value terms, Germany ($X) emerged as the key foreign market for glass fibre filaments exports from Portugal, comprising 59% of total exports. The second position in the ranking was taken by Brazil ($X), with a 24% share of total exports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+247.7% per year) and France (+3.3% per year).

Export Prices by Country

In 2021, the average glass fibre filament export price amounted to $X per ton, increasing by 18% against the previous year. In general, the export price, however, saw a deep downturn. The growth pace was the most rapid in 2019 an increase of 50% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Germany ($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 Spain (+15.2%), while the prices for the other major destinations experienced a decline.

Glass Fibre Filament Imports

Imports into Portugal

In 2021, approx. X tons of glass fibre filaments were imported into Portugal; growing by 26% compared with 2020 figures. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% 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 increased by +94.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, glass fibre filament imports skyrocketed to $X in 2021. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% 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 +96.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 48% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), the UK (X tons) and Spain (X tons) were the main suppliers of glass fibre filament imports to Portugal, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +102.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament suppliers to Portugal were Belgium ($X), the UK ($X) and Spain ($X), with a combined 88% share of total imports.

Among the main suppliers, the UK, with a CAGR of +89.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass fibre filament import price stood at $X per ton in 2021, growing by 14% against the previous year. In general, the import price, however, saw a noticeable shrinkage. The import price peaked at $X per ton in 2013; however, from 2014 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 China ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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