Latin America and the Caribbean: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in Latin America and the Caribbean

The Latin American market for float glass and surface ground or polished glass shrank modestly to $X in 2022, approximately equating the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Production of Float Glass And Surface Ground or Polished Glass in Latin America and the Caribbean

In value terms, production of float glass and surface ground or polished glass dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Float Glass And Surface Ground or Polished Glass

Exports in Latin America and the Caribbean

In 2022, overseas shipments of float glass and surface ground or polished glass increased by X% to X square meters for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum 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 or polished glass expanded remarkably to $X in 2022. Over the period under review, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil was the main exporter of float glass and surface ground or polished glass in Latin America and the Caribbean, with the volume of exports amounting to X square meters, which was approx. X% of total exports in 2022. It was distantly followed by Mexico (X square meters), committing a X% share of total exports. Guatemala (X square meters) and Colombia (X square meters) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Guatemala (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Guatemala increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest float glass and surface ground or polished glass supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports. It was followed by Guatemala, with a X% share.

In Brazil, exports of float glass and surface ground or polished glass expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and Guatemala (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per square meter in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

Imports of Float Glass And Surface Ground or Polished Glass

Imports in Latin America and the Caribbean

Imports of float glass and surface ground or polished glass shrank remarkably to X square meters in 2022, falling by X% compared with the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X square meters, and then contracted remarkably in the following year.

In value terms, imports of float glass and surface ground or polished glass rose slightly to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Peru (X square meters), distantly followed by Bolivia (X square meters), Colombia (X square meters), Mexico (X square meters), Ecuador (X square meters), the Dominican Republic (X square meters), Guatemala (X square meters) and Argentina (X square meters) represented the largest importers of float glass and surface ground or polished glass, together making up X% of total imports. Chile (X square meters), Brazil (X square meters), Paraguay (X square meters), Uruguay (X square meters) and Costa Rica (X square meters) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bolivia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest float glass and surface ground or polished glass importing markets in Latin America and the Caribbean were Peru ($X), Colombia ($X) and Mexico ($X), together comprising X% of total imports. Ecuador, the Dominican Republic, Guatemala, Argentina, Bolivia, Chile, Brazil, Paraguay, Costa Rica and Uruguay lagged somewhat behind, together accounting for a further X%.

The Dominican Republic, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per square meter in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Peru (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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