Peru: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Peru

The Peruvian glass fibre fabrics market reduced to $X in 2022, with a decrease of -4.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -21.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Glass Fibre Fabrics Exports

Exports from Peru

Glass fibre fabrics exports from Peru shrank dramatically to X tons in 2022, with a decrease of -26.3% compared with the previous year. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 428%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glass fibre fabrics exports contracted to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 338%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons), Chile (X kg) and Ecuador (X kg) were the main destinations of glass fibre fabrics exports from Peru, together comprising 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +49.6%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for glass fibre fabrics exported from Peru were Bolivia ($X), Ecuador ($X) and Chile ($X), with a combined 95% share of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of +78.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, increasing by 25% against the previous year. In general, the export price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Peru

In 2022, approx. X tons of glass fibre fabrics were imported into Peru; which is down by -6.9% against the previous year's figure. In general, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by 110% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, glass fibre fabrics imports contracted to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +50.9% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 53% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass fibre fabrics to Peru, accounting for a 72% share of total imports. Moreover, glass fibre fabrics imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sevenfold. The third position in this ranking was held by the United States (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+24.0% per year) and the United States (-7.3% per year).

In value terms, the largest glass fibre fabrics suppliers to Peru were the United States ($X), China ($X) and Brazil ($X), with a combined 81% share of total imports. Australia and Italy lagged somewhat behind, together comprising a further 8.2%.

Australia, with a CAGR of +55.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibre fabrics import price amounted to $X per ton, rising by 5.6% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 91% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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