Latin America and the Caribbean: 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 Latin America and the Caribbean

In 2021, the Latin American non-woven glass fibre articles market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.6% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Latin America and the Caribbean

In value terms, non-woven glass fibre articles production skyrocketed to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.3% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 57%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports in Latin America and the Caribbean

In 2021, shipments abroad of non-woven glass fibre webs, felts, mattresses and boards was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, saw a abrupt downturn. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Colombia (X tons) and Argentina (X tons) were the major exporters of non-woven glass fibre webs, felts, mattresses and boards in Latin America and the Caribbean, together recording approx. 76% of total exports. It was distantly followed by Mexico (X tons), creating an 18% share of total exports. The following exporters - Brazil (X tons) and Chile (X tons) - each accounted for a 3.8% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Argentina (with a CAGR of -1.7%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest non-woven glass fibre articles supplying countries in Latin America and the Caribbean were Colombia ($X), Mexico ($X) and Argentina ($X), together comprising 89% of total exports.

Colombia, with a CAGR of -0.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by 7.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2014 when the export price increased by 14%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+3.9%), while the other leaders experienced more modest paces of growth.

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

Imports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in overseas purchases of non-woven glass fibre webs, felts, mattresses and boards, when their volume increased by 13% to X tons. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, non-woven glass fibre articles imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons) was the key importer of non-woven glass fibre webs, felts, mattresses and boards, committing 44% of total imports. It was distantly followed by Chile (X tons) and Brazil (X tons), together achieving a 33% share of total imports. The following importers - Peru (X tons), Uruguay (X tons), Ecuador (X tons) and Costa Rica (X tons) - together made up 12% of total imports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +2.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported non-woven glass fibre webs, felts, mattresses and boards in Latin America and the Caribbean, comprising 57% of total imports. The second position in the ranking was held by Chile ($X), with a 14% share of total imports. It was followed by Brazil, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Mexico totaled +8.5%. In the other countries, the average annual rates were as follows: Chile (+1.9% per year) and Brazil (+3.2% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 3.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2013 when the import price increased by 12% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Mexico ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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