Portugal: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Portugal

The Portuguese glass fibres and wool market dropped remarkably to $X in 2022, waning by -74.7% against the previous year. Overall, consumption showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Glass Fibres And Glass Wool in Portugal

In value terms, glass fibres and wool production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 578% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Glass Fibres And Glass Wool

Exports from Portugal

Glass fibres and wool exports from Portugal soared to X tons in 2022, increasing by 69% against 2021. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 366%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass fibres and wool exports soared to $X in 2022. Over the period under review, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for glass fibres and wool exports from Portugal, accounting for a 52% share of total exports. Moreover, glass fibres and wool exports to France exceeded the volume sent to the second major destination, Spain (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+36.1% per year) and Italy (+109.9% per year).

In value terms, France ($X) emerged as the key foreign market for glass fibres and glass wool exports from Portugal, comprising 36% of total exports. The second position in the ranking was held by Spain ($X), with a 13% share of total exports. It was followed by Norway, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+44.6% per year) and Norway (+119.9% per year).

Export Prices by Country

In 2022, the average glass fibres and wool export price amounted to $X per ton, rising by 66% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Cabo Verde ($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 (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports into Portugal

In 2022, approx. X tons of glass fibres and glass wool were imported into Portugal; with a decrease of -53.9% against 2021 figures. Over the period under review, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of 47%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, glass fibres and wool imports shrank dramatically to $X in 2022. In general, imports showed a perceptible reduction. The pace of growth was the most pronounced in 2014 when imports increased by 35%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of glass fibres and wool imports to Portugal, with a combined 66% share of total imports. China, France, Belgium, Hungary and Denmark lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +110.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of glass fibres and glass wool to Portugal, comprising 40% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.1% per year) and Italy (+1.2% per year).

Import Prices by Country

The average glass fibres and wool import price stood at $X per ton in 2022, growing by 22% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 42%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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