Argentina: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Argentina

The Argentinian non-woven glass fibre articles market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.9% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Argentina

In value terms, non-woven glass fibre articles production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 44%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Argentina

In 2021, shipments abroad of non-woven glass fibre webs, felts, mattresses and boards increased by 65% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a mild reduction. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-woven glass fibre articles exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a pronounced descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for non-woven glass fibre articles exports from Argentina, with a 83% share of total exports. Moreover, non-woven glass fibre articles exports to Chile exceeded the volume sent to the second major destination, Uruguay (X tons), sevenfold. Free Zones (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Chile stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+0.1% per year) and Free Zones (-7.0% per year).

In value terms, Chile ($X) remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Argentina, comprising 77% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 16% share of total exports. It was followed by Free Zones, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to Chile amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+1.0% per year) and Free Zones (-8.5% per year).

Export Prices by Country

In 2021, the average non-woven glass fibre articles export price amounted to $X per ton, waning by -3.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 13% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per ton), while the average price for exports to Free Zones ($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 (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Argentina

In 2021, the amount of non-woven glass fibre webs, felts, mattresses and boards imported into Argentina contracted sharply to X tons, declining by -32.4% on the previous year. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 13% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles imports contracted to $X in 2021. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 14%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Colombia (X tons), Mexico (X tons) and China (X tons) were the main suppliers of non-woven glass fibre articles imports to Argentina, together accounting for 79% of total imports. Chile, Thailand and Canada lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +19.3%), while imports for the other leaders experienced a decline.

In value terms, the largest non-woven glass fibre articles suppliers to Argentina were Colombia ($X), Mexico ($X) and China ($X), together accounting for 39% of total imports. Chile, Thailand and Canada lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, Canada, with a CAGR of -2.8%, 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 a decline.

Import Prices by Country

The average non-woven glass fibre articles import price stood at $X per ton in 2021, jumping by 45% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-woven glass fibre articles import price increased by +31.1% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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