Portugal: Glass Fiber Market 2024

Glass Fiber Market Size in Portugal

In 2021, the Portuguese glass fiber market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Glass fiber consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Glass Fiber Production in Portugal

In value terms, glass fiber production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt decline. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Glass Fiber Exports

Exports from Portugal

For the third year in a row, Portugal recorded growth in shipments abroad of voiles, webs, mats and other articles of glass fibers, which increased by 51% to X tons in 2021. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of 265%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, glass fiber exports soared to $X in 2021. In general, exports posted a significant expansion. The growth pace was the most rapid in 2017 with an increase of 134%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for glass fiber exports from Portugal, with a 85% share of total exports. Moreover, glass fiber exports to Spain exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +78.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+171.3% per year) and Germany (+21.4% per year).

In value terms, Spain ($X) remains the key foreign market for voiles, webs, mats and other articles of glass fibers exports from Portugal, comprising 68% of total exports. The second position in the ranking was held by Germany ($X), with an 8.6% share of total exports. It was followed by France, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +73.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.5% per year) and France (+7.6% per year).

Export Prices by Country

In 2021, the average glass fiber export price amounted to $X per ton, dropping by -22.8% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2013 an increase of 37% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, 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 Angola (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fiber Imports

Imports into Portugal

In 2021, approx. X tons of voiles, webs, mats and other articles of glass fibers were imported into Portugal; growing by 58% compared with the previous year's figure. In general, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass fiber imports surged to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Morocco (X tons) and Germany (X tons) were the main suppliers of glass fiber imports to Portugal, with a combined 61% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +585.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Germany ($X) appeared to be the largest glass fiber suppliers to Portugal, together accounting for 56% of total imports. These countries were followed by Morocco, China, Italy, Hungary and Belgium, which together accounted for a further 28%.

In terms of the main suppliers, Morocco, with a CAGR of +352.3%, recorded 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

In 2021, the average glass fiber import price amounted to $X per ton, picking up by 3.5% against the previous year. In general, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average 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 France ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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