Spain: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Spain

The Spanish market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground reduced rapidly to $X in 2022, falling by -80.9% against the previous year. Over the period under review, consumption recorded a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Spain

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +116.2% against 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Spain

In 2022, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Spain soared to X square meters, picking up by 43% on 2021. Over the period under review, exports, however, saw a slight setback. The most prominent rate of growth was recorded in 2013 with an increase of 136% against the previous year. As a result, the exports reached the peak of X square meters. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground skyrocketed to $X in 2022. In general, exports saw a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by 128% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Portugal (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Spain, with a 47% share of total exports. Moreover, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Portugal exceeded the volume sent to the second major destination, Luxembourg (X square meters), threefold. France (X square meters) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+56.3% per year) and France (-13.1% per year).

In value terms, Portugal ($X) remains the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Spain, comprising 43% of total exports. The second position in the ranking was held by Luxembourg ($X), with a 16% share of total exports. It was followed by France, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+61.5% per year) and France (-5.5% per year).

Export Prices by Country

The average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, approximately reflecting the previous year. Overall, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 37%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per square meter), while the average price for exports to Italy ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Spain

In 2022, supplies from abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 49% to X square meters, rising for the second year in a row after two years of decline. In general, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 88%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 93% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Algeria (X square meters), Iran (X square meters) and Germany (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Spain, with a combined 74% 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 Iran (with a CAGR of +134.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Iran ($X) and Germany ($X) were the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground suppliers to Spain, together accounting for 65% of total imports.

Iran, with a CAGR of +153.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, growing by 18% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 29% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 France ($X per square meter), while the price for Germany ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform