Spain: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Spain

In 2022, the Spanish glass in the mass market decreased by -6.2% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption, however, faced a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Glass in The Mass in Spain

In value terms, glass in the mass production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a remarkable increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Glass in The Mass

Exports from Spain

In 2022, overseas shipments of glass in the mass increased by 4.7% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 when exports increased by 49% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass in the mass exports soared to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X tons), Israel (X tons) and the United States (X tons) were the main destinations of glass in the mass exports from Spain, with a combined 93% share 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 the United States (with a CAGR of +116.3%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) remains the key foreign market for glass in the mass exports from Spain, comprising 83% of total exports. The second position in the ranking was held by Israel ($X), with a 9% share of total exports. It was followed by Morocco, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Portugal amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-2.4% per year) and Morocco (+41.0% per year).

Export Prices by Country

In 2022, the average glass in the mass export price amounted to $X per ton, rising by 57% against the previous year. Overall, the export price showed a strong increase. The pace of growth was the most pronounced in 2018 an increase of 57%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Italy ($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 Portugal (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glass in The Mass

Imports into Spain

In 2022, purchases abroad of glass in the mass increased by 4.3% to X tons, rising for the second year in a row after three years of decline. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 125% against the previous year. Over the period under review, glass in mass imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, glass in the mass imports shrank to $X in 2022. Over the period under review, total imports indicated temperate 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, imports increased by +76.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 94%. Over the period under review, glass in mass imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), France (X tons) and Portugal (X tons) were the main suppliers of glass in the mass imports to Spain, with a combined 69% share of total imports. Norway, Finland, Israel, Belgium and the United States lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +112,800.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Portugal ($X) appeared to be the largest glass in the mass suppliers to Spain, together accounting for 68% of total imports. Norway, Finland, Belgium, Israel and the United States lagged somewhat behind, together comprising a further 22%.

Israel, with a CAGR of +103,550.6%, recorded the highest rates of growth with regard to 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

The average glass in the mass import price stood at $X per ton in 2022, shrinking by -13.2% against the previous year. Overall, the import price saw a pronounced descent. The pace of growth was the most pronounced in 2019 an increase of 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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