Portugal: Mould For Glass Market 2024

Mould For Glass Market Size in Portugal

The Portuguese mould for glass market fell notably to $X in 2021, waning by -31.6% against the previous year. In general, consumption recorded a pronounced reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Mould For Glass Production in Portugal

In value terms, mould for glass production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable setback. The pace of growth was the most pronounced in 2016 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Mould For Glass Exports

Exports from Portugal

In 2021, shipments abroad of moulds for glass increased by 41% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mould for glass exports skyrocketed to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for mould for glass exports from Portugal, with a 45% share of total exports. Moreover, mould for glass exports to Spain exceeded the volume sent to the second major destination, Poland (X units), fourfold. Germany (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+55.9% per year) and Germany (+15.7% per year).

In value terms, Spain ($X) remains the key foreign market for moulds for glass exports from Portugal, comprising 37% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.4% per year) and Poland (+47.8% per year).

Export Prices by Country

The average mould for glass export price stood at $X per unit in 2021, reducing by -14.2% against the previous year. Over the period under review, the export price saw a perceptible setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 13%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Mould For Glass Imports

Imports into Portugal

In 2021, approx. X units of moulds for glass were imported into Portugal; with an increase of 2.3% on 2020. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 93%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, mould for glass imports dropped to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 +23.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 42%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of mould for glass to Portugal, with a 43% share of total imports. Moreover, mould for glass imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was held by Spain (X units), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+24.1% per year) and Spain (+4.9% per year).

In value terms, China ($X), Spain ($X) and Poland ($X) were the largest mould for glass suppliers to Portugal, together accounting for 71% of total imports. These countries were followed by Italy, Belgium and Bulgaria, which together accounted for a further 21%.

Bulgaria, with a CAGR of +42.5%, 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

In 2021, the average mould for glass import price amounted to $X per unit, dropping by -15.3% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 12% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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