Brazil: Flat Glass Market 2024

Flat Glass Market Size in Brazil

The Brazilian flat glass market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a slight contraction. Flat glass consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Flat Glass Production in Brazil

In value terms, flat glass production rose to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 35% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Flat Glass Exports

Exports from Brazil

In 2021, overseas shipments of flat glass increased by 20% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 128% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, flat glass exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 101% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons), Paraguay (X tons) and Colombia (X tons) were the main destinations of flat glass exports from Brazil, together comprising 63% of total exports. These countries were followed by Uruguay, Chile, Bolivia, Ecuador, Costa Rica, Mexico and Peru, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +47.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat glass exported from Brazil were Argentina ($X), Paraguay ($X) and Colombia ($X), with a combined 66% share of total exports. These countries were followed by Chile, Uruguay, Bolivia, Mexico, Ecuador, Costa Rica and Peru, which together accounted for a further 31%.

In terms of the main countries of destination, Costa Rica, with a CAGR of +40.2%, saw the highest rates of growth with regard to the value of exports, 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, surging by 12% against the previous year. Overall, the export price, however, saw a pronounced decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to Bolivia ($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 Peru (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into Brazil

Flat glass imports into Brazil stood at X tons in 2021, flattening at the previous year. Over the period under review, imports, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 73%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, flat glass imports skyrocketed to $X in 2021. In general, imports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 33%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Belgium (X tons) and Turkey (X tons) were the main suppliers of flat glass imports to Brazil, with a combined 52% share of total imports. Egypt, Algeria, the UK, Germany, the United States, Pakistan, France, Nigeria, Iran and India lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +120.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and Germany ($X) appeared to be the largest flat glass suppliers to Brazil, together accounting for 59% of total imports. These countries were followed by Turkey, the UK, Egypt, the United States, France, Algeria, Pakistan, Nigeria, Iran and India, which together accounted for a further 32%.

Iran, with a CAGR of +140.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average flat glass import price amounted to $X per ton, surging by 25% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flat glass import price increased by +43.8% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 50%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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