Latin America and the Caribbean: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Latin America and the Caribbean

The Latin American multiple-walled insulating glass unit market amounted to $X in 2021, increasing by 4.9% against the previous year. Over the period under review, consumption, however, recorded a slight shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Latin America and the Caribbean

In value terms, multiple-walled insulating glass unit production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by 17% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in Latin America and the Caribbean

In 2021, after four years of growth, there was significant decline in shipments abroad of multiple-walled insulating units of glass, when their volume decreased by -15% to X square meters. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 47%. The volume of export peaked at X square meters in 2020, and then contracted markedly in the following year.

In value terms, multiple-walled insulating glass unit exports fell notably to $X in 2021. Overall, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2019 when exports increased by 47% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then fell rapidly in the following year.

Exports by Country

Mexico dominates exports structure, resulting at X square meters, which was near 96% of total exports in 2021. Brazil (X square meters) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, Brazil (+53.4%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +53.4% from 2012-2021. From 2012 to 2021, the share of Brazil increased by +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest multiple-walled insulating glass unit supplier in Latin America and the Caribbean, comprising 96% of total exports. The second position in the ranking was taken by Brazil ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Mexico totaled +8.9%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per square meter in 2021, dropping by -9% against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the export price increased by 27%. The level of export peaked at $X per square meter in 2020, and then reduced in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per square meter), while Brazil amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.9%).

Imports of Multiple-Walled Insulating Units Of Glass

Imports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in overseas purchases of multiple-walled insulating units of glass, when their volume increased by 29% to X square meters. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% 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 -6.9% against 2018 indices. The growth pace was the most rapid in 2017 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs at X square meters in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, multiple-walled insulating glass unit imports totaled $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.5% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 44%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Guatemala (X square meters), Mexico (X square meters), Brazil (X square meters) and Colombia (X square meters) represented roughly 62% of total imports in 2021. The Dominican Republic (X square meters) took the next position in the ranking, followed by Chile (X square meters). All these countries together took near 12% share of total imports. Argentina (X square meters), Panama (X square meters), Uruguay (X square meters), Costa Rica (X square meters) and Ecuador (X square meters) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ecuador (with a CAGR of +56.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Guatemala ($X) and Colombia ($X) were the countries with the highest levels of imports in 2021, with a combined 53% share of total imports. These countries were followed by the Dominican Republic, Brazil, Chile, Argentina, Panama, Costa Rica, Uruguay and Ecuador, which together accounted for a further 35%.

Among the main importing countries, Ecuador, with a CAGR of +51.1%, saw the highest growth rate of 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 2021, the import price in Latin America and the Caribbean amounted to $X per square meter, dropping by -22.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 16% against the previous year. The level of import peaked at $X per square meter in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per square meter), while Brazil ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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