Brazil: Prisms And Mirrors Market 2024

Prisms And Mirrors Market Size in Brazil

For the fifth consecutive year, the Brazilian prisms and mirrors market recorded growth in sales value, which increased by 34% to $X in 2022. Over the period under review, consumption posted a resilient expansion. Prisms and mirrors consumption peaked in 2022 and is expected to retain growth in the immediate term.

Prisms And Mirrors Exports

Exports from Brazil

In 2022, approx. X tons of prisms and mirrors were exported from Brazil; picking up by 49% against the previous year's figure. In general, exports saw moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of 270% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, prisms and mirrors exports soared to $X in 2022. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 597%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for prisms and mirrors exports from Brazil, with a 46% share of total exports. Moreover, prisms and mirrors exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X kg), fourfold. Portugal (X kg) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina stood at +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-10.9% per year) and Portugal (+31.5% per year).

In value terms, Argentina ($X) emerged as the key foreign market for prisms and mirrors exports from Brazil, comprising 49% of total exports. The second position in the ranking was taken by Chile ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina stood at +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+36.4% per year) and the Netherlands (+47.1% per year).

Export Prices by Country

The average prisms and mirrors export price stood at $X per ton in 2022, surging by 5% against the previous year. Over the period under review, the export price recorded a noticeable expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 88%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Prisms And Mirrors Imports

Imports into Brazil

In 2022, imports of prisms and mirrors into Brazil surged to X tons, increasing by 57% against the year before. Overall, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prisms and mirrors imports surged to $X in 2022. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of prisms and mirrors to Brazil, with a 90% share of total imports. It was followed by Italy (X tons), with a 2.3% share of total imports. The United States (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.3% per year) and the United States (-3.2% per year).

In value terms, China ($X) constituted the largest supplier of prisms and mirrors to Brazil, comprising 56% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by the United States, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.5% per year) and the United States (-3.2% per year).

Import Prices by Country

The average prisms and mirrors import price stood at $X per ton in 2022, falling by -21.9% against the previous year. In general, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 39%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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