MERCOSUR: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in MERCOSUR

The MERCOSUR glass fibre and article market declined to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Glass Fibres and Glass Fibre Articles in MERCOSUR

In value terms, glass fibre and article production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Glass Fibres and Glass Fibre Articles

Exports in MERCOSUR

In 2022, glass fibre and article exports in MERCOSUR shrank modestly to X tons, declining by X% against the previous year. Total exports indicated a measured expansion from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibre and article exports rose sharply to $X in 2022. Total exports indicated a perceptible 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil was the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Colombia (X tons) and Argentina (X tons), together creating a X% share of total exports.

Brazil was also the fastest-growing in terms of the glass fibres and glass fibre articles exports, with a CAGR of X% from 2012 to 2022. Colombia and Argentina experienced a relatively flat trend pattern. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina and Colombia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest glass fibre and article supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, continues to indicate a mild slump. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the export price figures.

Imports of Glass Fibres and Glass Fibre Articles

Imports in MERCOSUR

In 2022, the amount of glass fibres and glass fibre articles imported in MERCOSUR shrank slightly to X tons, reducing by X% on the year before. Total imports indicated a mild expansion from 2012 to 2022: its volume 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 reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, glass fibre and article imports declined slightly to $X in 2022. Total imports indicated modest growth 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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

In 2022, Brazil (X tons) represented the key importer of glass fibres and glass fibre articles, achieving X% of total imports. It was distantly followed by Argentina (X tons), Colombia (X tons), Chile (X tons) and Peru (X tons), together mixing up a X% share of total imports. Ecuador (X tons) and Uruguay (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%), Peru (X%), Uruguay (X%) and Chile (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Argentina and Ecuador experienced a relatively flat trend pattern. Colombia (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported glass fibres and glass fibre articles in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform