Brazil: 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 Brazil

In 2021, the Brazilian non-woven glass fibre articles market increased by 48% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a noticeable expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

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

Exports from Brazil

In 2021, shipments abroad of non-woven glass fibre webs, felts, mattresses and boards decreased by -7.5% to X tons, falling for the third year in a row after two years of growth. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 27%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-woven glass fibre articles exports shrank to $X in 2021. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by 31%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons), Uruguay (X tons) and Russia (X tons) were the main destinations of non-woven glass fibre articles exports from Brazil, with a combined 53% share of total exports. Bolivia, Colombia, Peru, the United States, Mexico and Argentina lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +55.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X), the United States ($X) and Russia ($X) constituted the largest markets for non-woven glass fibre articles exported from Brazil worldwide, together accounting for 46% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +35.6%, saw the highest growth rate of 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 non-woven glass fibre articles export price stood at $X per ton in 2021, dropping by -5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 50%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per ton), while the average price for exports to Mexico ($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 Argentina (+12.7%), while the prices for the other major destinations experienced a decline.

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

Imports into Brazil

In 2021, supplies from abroad of non-woven glass fibre webs, felts, mattresses and boards increased by 43% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 50%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, non-woven glass fibre articles imports surged to $X in 2021. Overall, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.9% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 49% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-woven glass fibre articles to Brazil, with a 58% share of total imports. Moreover, non-woven glass fibre articles imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. France (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+20.1% per year) and France (+50.5% per year).

In value terms, China ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to Brazil, comprising 36% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+28.9% per year) and the United States (-6.6% per year).

Import Prices by Country

The average non-woven glass fibre articles import price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% 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 decreased by -6.1% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 50%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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