Spain: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Spain

In 2021, the Spanish market for drawn glass and blown glass increased by 4.2% to $X for the first time since 2015, thus ending a five-year declining trend. Overall, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -34.9% against 2015 indices. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Drawn Glass And Blown Glass in Spain

In value terms, drawn glass and blown glass production expanded to $X in 2021 estimated in export price. In general, production showed a temperate increase. The growth pace was the most rapid in 2015 with an increase of 83%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Spain

In 2021, overseas shipments of drawn glass and blown glass increased by 16% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2020 with an increase of 331% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports contracted dramatically to $X in 2021. In general, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2013 when exports increased by 184%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X square meters), Portugal (X square meters) and France (X square meters) were the main destinations of drawn glass and blown glass exports from Spain, with a combined 72% share of total exports. Mauritania, Germany, Jamaica and the Dominican Republic lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for the Dominican Republic (with a CAGR of +38.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for drawn glass and blown glass exports from Spain, comprising 52% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by Jamaica, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-12.3% per year) and Jamaica (0.0% per year).

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, declining by -51.8% against the previous year. In general, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 370%. The export price peaked at $X per square meter in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($X per square meter), while the average price for exports to Mauritania ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Equatorial Guinea (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Drawn Glass And Blown Glass

Imports into Spain

In 2021, approx. X square meters of drawn glass and blown glass were imported into Spain; rising by 18% compared with the previous year's figure. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 67%. Over the period under review, imports reached the maximum at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports skyrocketed to $X in 2021. In general, imports, however, saw a abrupt descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X square meters), the UK (X square meters) and Germany (X square meters) were the main suppliers of drawn glass and blown glass imports to Spain, together comprising 84% of total imports. The Netherlands, Estonia, the United States and India lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of drawn glass and blown glass to Spain, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by China, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.4% per year) and China (-5.3% per year).

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, jumping by 71% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per square meter in 2016; however, from 2017 to 2021, 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 ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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