Paraguay: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Paraguay

After two years of growth, the Paraguayan market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -5.1% to $X in 2022. Overall, consumption, however, continues to indicate a buoyant expansion. Consumption of peaked at $X in 2021, and then reduced in the following year.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Paraguay

In 2022, overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 76% to X square meters, rising for the second consecutive year after seven years of decline. Over the period under review, exports, however, showed a deep setback. The growth pace was the most rapid in 2021 with an increase of 318% against the previous year. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at X square meters in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. In general, exports, however, recorded a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of 589%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Paraguay, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled -7.2%.

In value terms, Argentina ($X) also remains the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Paraguay.

From 2012 to 2022, the average annual growth rate of value to Argentina stood at -1.8%.

Export Prices by Country

The average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, picking up by 5.3% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +73.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 65%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +5.8% per year.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Paraguay

After two years of growth, supplies from abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -20.5% to X square meters in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.6% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 96% against the previous year. Imports peaked at X square meters in 2021, and then contracted remarkably in the following year.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground shrank slightly to $X in 2022. Over the period under review, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 106% against the previous year. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the peak figure at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, Brazil (X square meters) constituted the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier to Paraguay, with a 75% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Brazil exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), tenfold. The third position in this ranking was held by Pakistan (X square meters), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-7.3% per year) and Pakistan (+51.5% per year).

In value terms, Brazil ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Paraguay, comprising 75% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.5% share of total imports. It was followed by Pakistan, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +46.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-8.4% per year) and Pakistan (+97.4% per year).

Import Prices by Country

In 2022, the average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, rising by 24% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +71.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per square meter) and Argentina ($X per square meter), while the price for Algeria ($X per square meter) and Malaysia ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform