Spain: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Spain

The Spanish glass fibre mat market declined to $X in 2022, dropping by -6.7% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Glass Fibre Mat Production in Spain

In value terms, glass fibre mat production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 45%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Glass Fibre Mat Exports

Exports from Spain

In 2022, after four years of decline, there was significant growth in shipments abroad of glass fibre mats, when their volume increased by 16% to X tons. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 93%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass fibre mat exports amounted to $X in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -42.0% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 84% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Austria (X tons) and the UK (X tons) were the main destinations of glass fibre mat exports from Spain, together accounting for 58% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +65.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre mat exported from Spain were France ($X), the UK ($X) and Austria ($X), with a combined 42% share of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +75.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average glass fibre mat export price amounted to $X per ton, reducing by -8.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($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 Germany (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into Spain

Glass fibre mat imports into Spain declined sharply to X tons in 2022, which is down by -16.9% compared with 2021. In general, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, glass fibre mat imports fell dramatically to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70%. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

China (X tons), Egypt (X tons) and Thailand (X tons) were the main suppliers of glass fibre mat imports to Spain, with a combined 60% 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 Thailand (with a CAGR of +57.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre mat suppliers to Spain were China ($X), Thailand ($X) and France ($X), together comprising 48% of total imports.

Thailand, with a CAGR of +59.5%, 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 2022, the average glass fibre mat import price amounted to $X per ton, declining by -4.5% against the previous year. Over the period under review, the import price saw a mild contraction. The pace of growth was the most pronounced in 2021 an increase of 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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