Brazil: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Brazil

The Brazilian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles rose rapidly to $X in 2021, growing by 13% against the previous year. Overall, consumption, however, showed a noticeable contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Brazil

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced descent. Production of peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Brazil

In 2021, shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 35% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by 226% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by 165%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Argentina (X tons), Belgium (X tons) and the United States (X tons) were the main destinations of exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Brazil, together accounting for 64% of total exports. These countries were followed by Colombia, Italy, Poland, Spain, the UK and China, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +188.8%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), the United States ($X) and Belgium ($X) were the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Brazil worldwide, together accounting for 66% of total exports. These countries were followed by Colombia, Italy, the UK, Poland, Spain and China, which together accounted for a further 18%.

Italy, with a CAGR of +106.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, rising by 15% against the previous year. In general, the export price, however, recorded a mild contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 the UK (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Brazil

In 2021, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles into Brazil soared to X tons, growing by 64% against 2020. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 75% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. Overall, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest glass fibre filament, roving, and staple glass fibre article supplier to Brazil, accounting for a 62% share of total imports. Moreover, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was taken by India (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.5% per year) and India (+63.4% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Brazil, comprising 60% of total imports. The second position in the ranking was held by the United States ($X), with a 9.3% share of total imports. It was followed by India, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.3% per year) and India (+47.9% per year).

Import Prices by Country

The average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, growing by 21% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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