Spain: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Spain

In 2021, the Spanish glass fibre mat market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, saw a pronounced shrinkage. Glass fibre mat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Glass Fibre Mat Production in Spain

In value terms, glass fibre mat production rose markedly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Glass fibre mat production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Glass Fibre Mat Exports

Exports from Spain

In 2021, overseas shipments of glass fibre mats decreased by -X% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibre mat exports reduced to $X in 2021. Over the period under review, total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +X% 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 -X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons), France (X tons) and Portugal (X tons) were the main destinations of glass fibre mat exports from Spain, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +X%), 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 ($X), Portugal ($X) and Austria ($X), with a combined X% share of total exports.

Austria, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 glass fibre mat export price stood at $X per ton in 2021, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2014 an increase of X%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

Glass Fibre Mat Imports

Imports into Spain

In 2021, the amount of glass fibre mats imported into Spain skyrocketed to X tons, with an increase of X% against the year before. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre mat imports surged to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Egypt (X tons) and Thailand (X tons) were the main suppliers of glass fibre mat imports to Spain, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Belgium ($X) were the largest glass fibre mat suppliers to Spain, with a combined X% share of total imports.

Among the main suppliers, Thailand, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the import price, however, recorded a mild contraction. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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