Argentina: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Argentina

In 2021, the Argentinian glass fibre mat market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Glass Fibre Mat Exports

Exports from Argentina

In 2021, overseas shipments of glass fibre mats were finally on the rise to reach X tons after three years of decline. In general, exports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, glass fibre mat exports rose rapidly to $X in 2021. Over the period under review, exports recorded a mild increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for glass fibre mat exports from Argentina, with a X% share of total exports. Moreover, glass fibre mat exports to Brazil exceeded the volume sent to the second major destination, Chile (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-X% per year) and Uruguay (-X% per year).

In value terms, Brazil ($X) emerged as the key foreign market for glass fibre mat exports from Argentina, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with an X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+X% per year) and Uruguay (-X% per year).

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. In general, the export price saw a mild curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fibre Mat Imports

Imports into Argentina

In 2021, approx. X tons of glass fibre mats were imported into Argentina; jumping by X% on the year before. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, glass fibre mat imports skyrocketed to $X in 2021. Overall, imports showed a temperate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest glass fibre mat supplier to Argentina, with a X% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Egypt (+X% per year).

In value terms, the largest glass fibre mat suppliers to Argentina were China ($X), Brazil ($X) and Egypt ($X), with a combined X% share of total imports.

Among the main suppliers, Egypt, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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