In 2023, the sold production of glass fibres in Spain stood at 692.75 thousand kilograms. Over the last two years, there has been a significant decrease with a year-on-year decline of 2.28% in 2023, following a larger drop of 48.88% in 2022. The last five years show an average yearly variation (CAGR) of 7.08%, indicating some volatility in production levels.
From 2024 onwards, forecasted data suggest a continuous decline in production volumes, with a projected CAGR of -1.92% over the next five years, cumulating in an overall decrease of 9.23% by 2028. This reflects a downward trend in the Spanish market for glass fibres.
Future trends to watch for include potential market stabilization or potential acceleration in demand due to technological advancements or shifts in industry requirements. Emerging applications and sustainability-driven innovations may impact production dynamics significantly.
