Brazil: Safety Glass Market 2024

Safety Glass Market Size in Brazil

The Brazilian safety glass market totaled $X in 2022, surging by 1.6% against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Safety Glass Production in Brazil

In value terms, safety glass production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 0.8%. Safety glass production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Safety Glass Exports

Exports from Brazil

In 2022, shipments abroad of safety glass increased by 28% to X square meters, rising for the second consecutive year after four years of decline. In general, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +118.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 70%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, safety glass exports surged to $X in 2022. Overall, exports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Argentina (X square meters) was the main destination for safety glass exports from Brazil, with a 68% share of total exports. Moreover, safety glass exports to Argentina exceeded the volume sent to the second major destination, Mexico (X square meters), eightfold. The third position in this ranking was taken by the United States (X square meters), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+7.1% per year) and the United States (-0.3% per year).

In value terms, Argentina ($X) remains the key foreign market for safety glass exports from Brazil, comprising 56% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Mexico, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Argentina stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.9% per year) and Mexico (+5.5% per year).

Export Prices by Country

The average safety glass export price stood at $X per square meter in 2022, jumping by 25% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the United States ($X per square meter), while the average price for exports to Argentina ($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 the United States (+3.2%), while the prices for the other major destinations experienced a decline.

Safety Glass Imports

Imports into Brazil

After two years of growth, overseas purchases of safety glass decreased by -18.8% to X square meters in 2022. Over the period under review, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2017 when imports increased by 175%. As a result, imports attained the peak of X square meters. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, safety glass imports dropped to $X in 2022. Overall, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of 53%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of safety glass to Brazil, accounting for a 72% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Paraguay (X square meters), eightfold. Finland (X square meters) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+70.8% per year) and Finland (+28.1% per year).

In value terms, China ($X) constituted the largest supplier of safety glass to Brazil, comprising 53% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.1% share of total imports. It was followed by Finland, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.6% per year) and Finland (+19.7% per year).

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2022, rising by 11% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safety glass import price increased by +48.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 37% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Paraguay ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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