Argentina: Safety Glass Market 2024

Safety Glass Market Size in Argentina

The Argentinian safety glass market reached $X in 2022, with an increase of 3.5% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +57.7% against 2013 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Safety Glass Production in Argentina

In value terms, safety glass production expanded to $X in 2022 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 14%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Safety Glass Exports

Exports from Argentina

In 2022, overseas shipments of safety glass increased by 362% to X square meters, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed a mild increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety glass exports soared to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X square meters), Bolivia (X square meters) and Uruguay (X square meters) were the main destinations of safety glass exports from Argentina, with a combined 91% share of total exports. These countries were followed by Paraguay, Mexico and Colombia, which together accounted for a further 7.2%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +26.6%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the key foreign market for safety glass exports from Argentina, comprising 58% of total exports. The second position in the ranking was held by Uruguay ($X), with a 16% share of total exports. It was followed by Paraguay, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Brazil totaled +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+0.5% per year) and Paraguay (-5.3% per year).

Export Prices by Country

The average safety glass export price stood at $X per square meter in 2022, dropping by -8.1% against the previous year. Over the period under review, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per square meter), while the average price for exports to Bolivia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Argentina

In 2022, supplies from abroad of safety glass increased by 26% to X square meters, rising for the second consecutive year after three years of decline. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +107.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 65%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, safety glass imports expanded markedly to $X in 2022. In general, imports, however, showed a mild contraction. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X square meters) constituted the largest safety glass supplier to Argentina, accounting for a 79% share of total imports. Moreover, safety glass imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X square meters), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +3.1%.

In value terms, Brazil ($X) constituted the largest supplier of safety glass to Argentina, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled -4.3%.

Import Prices by Country

In 2022, the average safety glass import price amounted to $X per square meter, with a decrease of -14.1% against the previous year. In general, the import price saw a deep slump. The growth pace was the most rapid in 2016 when the average import price increased by 12% against the previous year. The import price peaked at $X per square meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per square meter), while the price for Brazil totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+46.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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