Portugal: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Portugal

The Portuguese glass fibre mat market shrank notably to $X in 2022, which is down by -24.9% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Glass Fibre Mat Production in Portugal

In value terms, glass fibre mat production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 35%. Glass fibre mat production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Glass Fibre Mat Exports

Exports from Portugal

In 2022, overseas shipments of glass fibre mats increased by 74% to X tons, rising for the third consecutive year after four years of decline. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 175% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, glass fibre mat exports dropped rapidly to $X in 2022. In general, exports showed a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 216%. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

Spain (X tons) was the main destination for glass fibre mat exports from Portugal, accounting for a 70% share of total exports. Moreover, glass fibre mat exports to Spain exceeded the volume sent to the second major destination, Cabo Verde (X tons), fourfold. Angola (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (+48.5% per year) and Angola (+15.5% per year).

In value terms, Spain ($X) emerged as the key foreign market for glass fibre mats exports from Portugal, comprising 69% of total exports. The second position in the ranking was held by Angola ($X), with a 17% share of total exports. It was followed by Cabo Verde, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+21.6% per year) and Cabo Verde (+40.3% per year).

Export Prices by Country

In 2022, the average glass fibre mat export price amounted to $X per ton, waning by -62.1% against the previous year. Overall, the export price, however, saw a modest increase. The growth pace was the most rapid in 2021 when the average export price increased by 150%. As a result, the export price reached the peak level of $X per ton, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fibre Mat Imports

Imports into Portugal

In 2022, the amount of glass fibre mats imported into Portugal dropped dramatically to X tons, declining by -17.1% on 2021. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 51%. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, glass fibre mat imports dropped significantly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 75%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

Spain (X tons), Belgium (X tons) and Egypt (X tons) were the main suppliers of glass fibre mat imports to Portugal, with a combined 76% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +47.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Spain ($X) and Egypt ($X) appeared to be the largest glass fibre mat suppliers to Portugal, with a combined 77% share of total imports.

Egypt, with a CAGR of +48.6%, recorded the highest growth rate of the value of imports, among the main suppliers 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 mat import price stood at $X per ton in 2022, dropping by -5.2% against the previous year. In general, the import price showed a pronounced curtailment. The pace of growth was the most pronounced in 2021 an increase of 16% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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