Spain: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Spain

The Spanish multiple-walled insulating glass unit market surged to $X in 2021, rising by 86% against the previous year. Overall, consumption enjoyed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Multiple-Walled Insulating Units Of Glass in Spain

In value terms, multiple-walled insulating glass unit production surged to $X in 2021 estimated in export price. Over the period under review, production saw a prominent expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Spain

In 2021, overseas shipments of multiple-walled insulating units of glass were finally on the rise to reach X square meters after two years of decline. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -12.0% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 31% against the previous year. The exports peaked at X square meters in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit exports expanded rapidly to $X in 2021. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 47% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

France (X square meters), Canada (X square meters) and Portugal (X square meters) were the main destinations of multiple-walled insulating glass unit exports from Spain, together accounting for 46% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +109.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for multiple-walled insulating glass unit exported from Spain were France ($X), Canada ($X) and the United States ($X), with a combined 44% share of total exports. Portugal, Italy, Switzerland, Andorra, the Netherlands, Morocco, Mexico and the Dominican Republic lagged somewhat behind, together comprising a further 35%.

Mexico, with a CAGR of +92.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, rising by 4.7% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2013 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to the Dominican Republic ($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 France (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Spain

In 2021, after two years of decline, there was significant growth in overseas purchases of multiple-walled insulating units of glass, when their volume increased by 9.9% to X square meters. In general, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by 150%. Over the period under review, imports hit record highs at X square meters in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports rose sharply to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by 99%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, France (X square meters) constituted the largest supplier of multiple-walled insulating glass unit to Spain, accounting for a 37% share of total imports. Moreover, multiple-walled insulating glass unit imports from France exceeded the figures recorded by the second-largest supplier, Poland (X square meters), twofold. Turkey (X square meters) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+170.4% per year) and Turkey (+138.4% per year).

In value terms, the largest multiple-walled insulating glass unit suppliers to Spain were France ($X), Germany ($X) and Poland ($X), with a combined 70% share of total imports.

Poland, with a CAGR of +134.9%, saw the highest growth rate of 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

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, which is down by -3.8% against the previous year. In general, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, multiple-walled insulating glass unit import price increased by +100.4% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 54%. As a result, import price attained the peak level of $X per square meter, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per square meter), while the price for Turkey ($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 Belgium (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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