Latin America and the Caribbean: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2025

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Latin America and the Caribbean

In 2022, the Latin American market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 0.1% to $X, rising for the seventh year in a row after three years of decline. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +73.3% against 2015 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Latin America and the Caribbean

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 18%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports in Latin America and the Caribbean

In 2022, shipments abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground was finally on the rise to reach X square meters for the first time since 2016, thus ending a five-year declining trend. In general, exports, however, recorded a abrupt contraction. The volume of export peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground skyrocketed to $X in 2022. Over the period under review, exports, however, saw a deep reduction. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X square meters) was the major exporter of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, constituting 60% of total exports. Mexico (X square meters) ranks second in terms of the total exports with a 14% share, followed by Colombia (12%) and Argentina (9.6%). Guatemala (X square meters) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Brazil stood at +20.2%. At the same time, Guatemala (+49.0%), Colombia (+21.4%) and Argentina (+9.6%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +49.0% from 2012-2022. By contrast, Mexico (-22.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Colombia, Argentina and Guatemala increased by +56, +12, +7.9 and +1.6 percentage points, respectively.

In value terms, Brazil ($X) remains the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier in Latin America and the Caribbean, comprising 60% of total exports. The second position in the ranking was taken by Mexico ($X), with a 22% share of total exports. It was followed by Colombia, with a 10% share.

In Brazil, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded at an average annual rate of +23.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (-17.7% per year) and Colombia (+17.4% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per square meter, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2017 an increase of 18% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Guatemala ($X per square meter), while Argentina ($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 Guatemala (+5.9%), while the other leaders experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports in Latin America and the Caribbean

Imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground fell dramatically to X square meters in 2022, dropping by -23.7% compared with the previous year's figure. Over the period under review, imports saw a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 93%. As a result, imports reached the peak of X square meters, and then dropped remarkably in the following year.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground declined to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 121%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Peru (X square meters), Bolivia (X square meters), Ecuador (X square meters), Mexico (X square meters), the Dominican Republic (X square meters), Guatemala (X square meters), Argentina (X square meters), Colombia (X square meters), Chile (X square meters), Paraguay (X square meters), Uruguay (X square meters) and Brazil (X square meters) was the main importer of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Latin America and the Caribbean, generating 90% of total import.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +15.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground importing markets in Latin America and the Caribbean were Peru ($X), Mexico ($X) and Ecuador ($X), with a combined 43% share of total imports. The Dominican Republic, Guatemala, Bolivia, Argentina, Chile, Paraguay, Colombia, Uruguay and Brazil lagged somewhat behind, together comprising a further 45%.

Among the main importing countries, the Dominican Republic, with a CAGR of +16.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per square meter, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 when the import price increased by 15%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guatemala ($X per square meter), while Bolivia ($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 Chile (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform