Argentina: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Argentina

In 2022, the Argentinian glass fibres and wool market increased by 50% to $X, rising for the third year in a row after five years of decline. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.1% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Glass Fibres And Glass Wool

Exports from Argentina

In 2022, overseas shipments of glass fibres and glass wool increased by 1,520% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a mild descent. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, glass fibres and wool exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uruguay (X tons), Chile (X tons) and Peru (X tons) were the main destinations of glass fibres and wool exports from Argentina, together comprising 90% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +82.5%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the key foreign market for glass fibres and glass wool exports from Argentina, comprising 60% of total exports. The second position in the ranking was held by Peru ($X), with a 14% share of total exports. It was followed by Uruguay, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Chile totaled +86.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+98.9% per year) and Uruguay (-4.6% per year).

Export Prices by Country

In 2022, the average glass fibres and wool export price amounted to $X per ton, shrinking by -36.3% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 237%. As a result, the export price reached the peak level of $X per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports into Argentina

In 2022, the amount of glass fibres and glass wool imported into Argentina rose slightly to X tons, increasing by 4.3% against 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 31%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, glass fibres and wool imports surged to $X in 2022. Overall, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest glass fibres and wool supplier to Argentina, with a 56% share of total imports. Moreover, glass fibres and wool imports from China exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), fourfold. The Czech Republic (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-2.9% per year) and the Czech Republic (+78.8% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of glass fibres and glass wool to Argentina, comprising 44% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic stood at +74.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.9% per year) and the United States (-0.4% per year).

Import Prices by Country

In 2022, the average glass fibres and wool import price amounted to $X per ton, jumping by 85% against the previous year. In general, the import price recorded a prominent expansion. The pace of growth was the most pronounced in 2021 an increase of 94% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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