Spain: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Spain

The Spanish market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021, growing by 17% against the previous year. The market value increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Spain

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles totaled $X in 2021 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 59% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Spain

In 2021, the amount of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exported from Spain expanded significantly to X tons, surging by 5.9% compared with 2020 figures. In general, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. Overall, exports, however, saw a abrupt setback. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), France (X tons) and Russia (X tons) were the main destinations of exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Spain, with a combined 32% share of total exports. These countries were followed by Belgium, the UK, Germany, Portugal, Italy, Turkey, Switzerland, Brazil, the Czech Republic and the United States, which together accounted for a further 51%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +34.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Spain were Poland ($X), France ($X) and Italy ($X), together accounting for 33% of total exports. Belgium, Russia, the UK, Germany, Turkey, the Czech Republic, Portugal, Switzerland, Brazil and the United States lagged somewhat behind, together accounting for a further 48%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +36.2%, saw the highest growth rate of 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

The average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, rising by 21% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Spain

After two years of decline, purchases abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 17% to X tons in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Belgium (X tons), Egypt (X tons) and France (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Spain, together comprising 50% of total imports. These countries were followed by China, Italy, Slovakia, the Czech Republic, Germany, Bahrain and Malaysia, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of +39.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Spain, comprising 32% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Egypt, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.6% per year) and Egypt (+8.6% per year).

Import Prices by Country

In 2021, the average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, surging by 3.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 10% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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