Argentina: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Argentina

The Argentinian multiple-walled insulating glass unit market reached $X in 2021, increasing by 3.1% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Multiple-walled insulating glass unit consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Argentina

In value terms, multiple-walled insulating glass unit production rose to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 15%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Argentina

In 2021, overseas shipments of multiple-walled insulating units of glass were finally on the rise to reach X square meters for the first time since 2014, thus ending a six-year declining trend. Over the period under review, exports, however, recorded a significant contraction. Over the period under review, the exports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, multiple-walled insulating glass unit exports skyrocketed to $X in 2021. Overall, exports, however, saw a precipitous curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X square meters) was the main destination for multiple-walled insulating glass unit exports from Argentina, with a 64% share of total exports. Moreover, multiple-walled insulating glass unit exports to Chile exceeded the volume sent to the second major destination, Uruguay (X square meters), twofold. The third position in this ranking was held by Panama (X square meters), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Chile stood at -19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-28.5% per year) and Panama (0.0% per year).

In value terms, Chile ($X) emerged as the key foreign market for multiple-walled insulating units of glass exports from Argentina, comprising 58% of total exports. The second position in the ranking was taken by Panama ($X), with a 25% share of total exports. It was followed by Uruguay, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to -24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+3.7% per year) and Uruguay (-32.6% per year).

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, with a decrease of -23.7% against the previous year. Over the period under review, the export price recorded a slight slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 126%. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

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 Panama ($X per square meter), while the average price for exports to Uruguay ($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 Panama (+3.7%), while the prices for the other major destinations experienced a decline.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Argentina

In 2021, multiple-walled insulating glass unit imports into Argentina dropped notably to X square meters, which is down by -15.2% on 2020. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 1,440% against the previous year. Over the period under review, imports hit record highs at X square meters in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports declined sharply to $X in 2021. In general, imports recorded a perceptible contraction. The growth pace was the most rapid in 2015 when imports increased by 1,333%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Chile (X square meters) constituted the largest multiple-walled insulating glass unit supplier to Argentina, accounting for a 70% share of total imports. Moreover, multiple-walled insulating glass unit imports from Chile exceeded the figures recorded by the second-largest supplier, Germany (X square meters), fourfold. The third position in this ranking was taken by Spain (X square meters), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from Chile amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+34.1% per year) and Spain (-20.7% per year).

In value terms, Chile ($X), Germany ($X) and Spain ($X) appeared to be the largest multiple-walled insulating glass unit suppliers to Argentina, together comprising 88% of total imports.

Among the main suppliers, Germany, with a CAGR of +26.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average multiple-walled insulating glass unit import price stood at $X per square meter in 2021, falling by -33.2% against the previous year. In general, the import price recorded a perceptible shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 15%. As a result, import price reached the peak level of $X per square meter, and then contracted remarkably 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 Germany ($X per square meter), while the price for China ($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 (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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