MERCOSUR: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in MERCOSUR

The MERCOSUR glass in the mass market expanded sharply to $X in 2022, growing by 7.5% against the previous year. Overall, consumption, however, saw a moderate increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Glass in The Mass in MERCOSUR

In value terms, glass in the mass production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 74%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Glass in The Mass

Exports in MERCOSUR

In 2022, overseas shipments of glass in the mass increased by 39% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 63% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass in the mass exports surged to $X in 2022. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2018 when exports increased by 166%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Argentina (X tons) and Uruguay (X tons) represented the largest exporters of glass in the mass in MERCOSUR, together constituting 69% of total exports. It was distantly followed by Brazil (X tons) and Paraguay (X tons), together making up a 28% share of total exports. Suriname (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +135.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest glass in the mass supplying countries in MERCOSUR were Argentina ($X), Brazil ($X) and Uruguay ($X), with a combined 92% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of +97.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2018 an increase of 68% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Paraguay ($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 (+2.9%), while the other leaders experienced a decline in the export price figures.

Imports of Glass in The Mass

Imports in MERCOSUR

In 2022, glass in the mass imports in MERCOSUR stood at X tons, approximately mirroring 2021. Overall, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 237% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, glass in the mass imports expanded sharply to $X in 2022. Over the period under review, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 64% against the previous year. Over the period under review, glass in mass imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Brazil (X tons) was the major importer of glass in the mass, creating 50% of total imports. Paraguay (X tons) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Peru (14%) and Chile (12%). Argentina (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the glass in the mass imports, with a CAGR of +21.9% from 2012 to 2022. At the same time, Paraguay (+14.4%) and Peru (+5.5%) displayed positive paces of growth. Chile experienced a relatively flat trend pattern. By contrast, Argentina (-14.9%) illustrated a downward trend over the same period. While the share of Brazil (+33 p.p.) and Paraguay (+7.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (-5.3 p.p.), Chile (-18.1 p.p.) and Argentina (-19.6 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) constitutes the largest market for imported glass in the mass in MERCOSUR, comprising 47% of total imports. The second position in the ranking was taken by Paraguay ($X), with a 21% share of total imports. It was followed by Chile, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +24.4%. The remaining importing countries recorded the following average annual rates of imports growth: Paraguay (+12.9% per year) and Chile (-0.1% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by 9.3% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass in the mass import price increased by +30.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 100% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in years to come.

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 Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform