Chile: 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 Chile

The Chilean market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021, with an increase of 59% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

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

Exports from Chile

In 2021, after two years of decline, there was significant growth in overseas shipments of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, when their volume increased by 3,918% to X tons. Over the period under review, exports continue to indicate a prominent expansion. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. Overall, exports saw a significant increase. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Chile, with a 73% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Argentina exceeded the volume sent to the second major destination, Bolivia (X tons), fivefold. The third position in this ranking was held by Peru (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+44.0% per year) and Peru (+79.3% per year).

In value terms, Argentina ($X) remains the key foreign market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports from Chile, comprising 69% of total exports. The second position in the ranking was held by Paraguay ($X), with an 11% share of total exports. It was followed by Bolivia, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Argentina amounted to +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+8.4% per year) and Bolivia (+38.3% per year).

Export Prices by Country

In 2021, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, with an increase of 71% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 123%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Peru ($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 Argentina (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Chile

Imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles into Chile surged to X tons in 2021, rising by 19% against 2020. In general, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 65%. Over the period under review, imports of hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. Over the period under review, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest glass fibre filament, roving, and staple glass fibre article supplier to Chile, accounting for a 56% 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, Brazil (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.8% per year) and the United States (+28.2% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Chile, comprising 52% of total imports. The second position in the ranking was taken by Brazil ($X), with a 19% share of total imports. It was followed by the United States, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+4.8% per year) and the United States (+11.0% 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, jumping by 60% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Mexico ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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