Chile: 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 Chile

For the third consecutive year, the Chilean non-woven glass fibre articles market recorded growth in sales value, which increased by 41% to $X in 2021. In general, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +30.2% against 2017 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

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

Exports from Chile

In 2021, shipments abroad of non-woven glass fibre webs, felts, mattresses and boards decreased by -46.7% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 40% against the previous year. The exports peaked 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 sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 22% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons), Argentina (X tons) and Bolivia (X tons) were the main destinations of non-woven glass fibre articles exports from Chile, with a combined 92% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +48.3%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-woven glass fibre articles exported from Chile were Peru ($X), Argentina ($X) and Bolivia ($X), together accounting for 93% of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of +48.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average non-woven glass fibre articles export price stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Peru ($X per ton), while the average price for exports to Bolivia ($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 Peru (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Chile

For the third year in a row, Chile recorded growth in overseas purchases of non-woven glass fibre webs, felts, mattresses and boards, which increased by 22% to X tons in 2021. In general, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +25.8% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 73% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, non-woven glass fibre articles imports surged to $X in 2021. Overall, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.8% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Argentina (X tons) and Spain (X tons) were the main suppliers of non-woven glass fibre articles imports to Chile, with a combined 82% share of total imports. These countries were followed by Colombia, Mexico, Russia, Turkey, Belgium and the United States, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +51,523.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Argentina ($X) and the United States ($X) appeared to be the largest non-woven glass fibre articles suppliers to Chile, together accounting for 79% of total imports. Spain, Colombia, Russia, Mexico, Belgium and Turkey lagged somewhat behind, together accounting for a further 20%.

Turkey, with a CAGR of +2,450.5%, 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 non-woven glass fibre articles import price stood at $X per ton in 2021, with an increase of 19% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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