Between 2013 and 2023, Spain's imports of glass and glassware showed a general upward trend with occasional fluctuations. From a low of $1.4358 billion in 2013, imports rose to $2.0494 billion in 2023, with a notable setback in 2020 due to the global pandemic.
Year-on-year variations demonstrate this trend:
- 2013: +3.59%
- 2014: +12.52%
- 2015: -2.51%
- 2016: +6.86%
- 2017: +8.4%
- 2018: +3.56%
- 2019: +0.82%
- 2020: -15.38%
- 2021: +22.74%
- 2022: +1.81%
- 2023: +1.74%
Over the last five years (2019-2023), the compound annual growth rate (CAGR) was 1.64%. Looking forward from 2024 to 2028, the import value is projected to continue rising moderately, with a forecasted 5-year CAGR of 1.35% and an overall growth rate of 6.92%.
Future trends to watch for include economic recovery post-pandemic, shifting trade policies due to geopolitical events, advancements in glass technology, and sustainability trends within the industry impacting both volume and value of imports.
