Brazil: Mineral Wool Market 2024

Mineral Wool Market Size in Brazil

The Brazilian mineral wool market contracted slightly to $X in 2021, falling by -1.6% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Mineral Wool Production in Brazil

In value terms, mineral wool production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Mineral Wool Exports

Exports from Brazil

In 2021, approx. X tons of slag wool, rock wool and similar mineral wools and mixtures were exported from Brazil; surging by 103% compared with the previous year's figure. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 119%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, mineral wool exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 118%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Uruguay (X tons), Bolivia (X tons) and Argentina (X tons) were the main destinations of mineral wool exports from Brazil, together comprising 74% of total exports. Peru, Chile, Ecuador, Paraguay and Venezuela lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +28.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X), Bolivia ($X) and Argentina ($X) constituted the largest markets for mineral wool exported from Brazil worldwide, together accounting for 66% of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of +11.1%, 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

In 2021, the average mineral wool export price amounted to $X per ton, falling by -14.9% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 16% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Argentina ($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 Vietnam (+248.9%), while the prices for the other major destinations experienced mixed trend patterns.

Mineral Wool Imports

Imports into Brazil

In 2021, mineral wool imports into Brazil shrank to X tons, with a decrease of -6% on the previous year. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 55%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, mineral wool imports skyrocketed to $X in 2021. Overall, imports saw a abrupt downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of mineral wool imports to Brazil, with a combined 53% share of total imports. The Netherlands, France, Italy, the UK, Hong Kong SAR, the United States, Spain, Canada and Denmark lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mineral wool suppliers to Brazil were Poland ($X), China ($X) and Germany ($X), with a combined 44% share of total imports.

Poland, with a CAGR of +7.9%, 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

The average mineral wool import price stood at $X per ton in 2021, increasing by 37% against the previous year. Over the period under review, the import price continues to indicate measured growth. The most prominent rate of growth was recorded in 2013 an increase of 74% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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