Argentina: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Argentina

In 2021, the Argentinian market for drawn glass and blown glass decreased by -73.3% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption saw a sharp reduction. Drawn glass and blown glass consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Argentina

Drawn glass and blown glass exports from Argentina fell dramatically to X square meters in 2021, with a decrease of -86.3% compared with the year before. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of 1,636% against the previous year. As a result, the exports reached the peak of X square meters. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, drawn glass and blown glass exports declined sharply to $X in 2021. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 1,624% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Nicaragua (X square meters) was the main destination for drawn glass and blown glass exports from Argentina, accounting for a 62% share of total exports. Moreover, drawn glass and blown glass exports to Nicaragua exceeded the volume sent to the second major destination, the United States (X square meters), threefold.

From 2012 to 2021, the average annual growth rate of volume to Nicaragua totaled -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.4% per year) and the Dominican Republic (-27.5% per year).

In value terms, the largest markets for drawn glass and blown glass exported from Argentina were Nicaragua ($X), the United States ($X) and the Dominican Republic ($X), together comprising 100% of total exports.

Among the main countries of destination, the United States, with a CAGR of +11.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, increasing by 49% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +10.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, 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 the United States (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Argentina

In 2021, supplies from abroad of drawn glass and blown glass decreased by -73.1% to X square meters, falling for the fifth consecutive year after two years of growth. Over the period under review, imports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 228% against the previous year. Imports peaked at X square meters in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass imports contracted significantly to $X in 2021. Overall, imports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2015 when imports increased by 291% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of drawn glass and blown glass to Argentina, accounting for a 84% share of total imports. Moreover, drawn glass and blown glass imports from China exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X square meters), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (+8.7% per year) and Brazil (-11.0% per year).

In value terms, China ($X), the Dominican Republic ($X) and Brazil ($X) constituted the largest drawn glass and blown glass suppliers to Argentina, with a combined 84% share of total imports.

The Dominican Republic, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, reducing by -45.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 112% against the previous year. The import price peaked at $X per square meter in 2020, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Dominican Republic ($X per square meter), while the price for Brazil ($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 China (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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