Argentina: Flat Glass Market 2024

Flat Glass Market Size in Argentina

The Argentinian flat glass market totaled $X in 2021, growing by 5.6% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +80.8% against 2016 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Flat Glass Production in Argentina

In value terms, flat glass production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 45%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Flat Glass Exports

Exports from Argentina

In 2021, overseas shipments of flat glass were finally on the rise to reach X tons after three years of decline. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 18%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, flat glass exports soared to $X in 2021. In general, total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -19.1% against 2018 indices. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Uruguay (X tons), Paraguay (X tons) and Chile (X tons) were the main destinations of flat glass exports from Argentina, with a combined 54% share of total exports. Brazil, Guatemala, Honduras, the United States, Bolivia, the Dominican Republic, Nicaragua, Colombia, Costa Rica and Ecuador lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +19.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat glass exported from Argentina were Bolivia ($X), Uruguay ($X) and Chile ($X), together accounting for 46% of total exports.

Uruguay, with a CAGR of +14.3%, saw the highest growth rate of 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 flat glass export price stood at $X per ton in 2021, jumping by 26% against the previous year. Overall, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 49%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per ton), while the average price for exports to Uruguay ($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 Bolivia (+38.9%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into Argentina

In 2021, the amount of flat glass imported into Argentina surged to X tons, picking up by 46% against the year before. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 58%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, flat glass imports surged to $X in 2021. In general, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.2% against 2019 indices. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest flat glass supplier to Argentina, with a 46% share of total imports. Moreover, flat glass imports from Brazil exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. Algeria (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.1% per year) and Algeria (0.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of flat glass to Argentina, comprising 38% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by the UK, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.1% per year) and the UK (+53.7% per year).

Import Prices by Country

In 2021, the average flat glass import price amounted to $X per ton, flattening at the previous year. In general, the import price, however, showed a mild downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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