Brazil: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Brazil

In 2021, the Brazilian glass fibre filament market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, recorded a mild decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Glass Fibre Filament Production in Brazil

In value terms, glass fibre filament production rose markedly to $X in 2021 estimated in export price. In general, production, however, showed a mild descent. The pace of growth was the most pronounced in 2013 when the production volume increased by 40%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

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Glass Fibre Filament Exports

Exports from Brazil

In 2021, shipments abroad of glass fibre filaments increased by 27% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 301% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, glass fibre filament exports soared to $X in 2021. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 244% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X tons), the United States (X tons) and Argentina (X tons) were the main destinations of glass fibre filament exports from Brazil, together comprising 67% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +181.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibre filament exported from Brazil were the United States ($X), Argentina ($X) and Belgium ($X), together comprising 69% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +181.5%, recorded the highest growth rate of 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 average glass fibre filament export price stood at $X per ton in 2021, jumping by 21% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 30%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 India (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports into Brazil

For the third year in a row, Brazil recorded growth in overseas purchases of glass fibre filaments, which increased by 73% to X tons in 2021. Overall, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 130% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, glass fibre filament imports skyrocketed to $X in 2021. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 134% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest glass fibre filament supplier to Brazil, accounting for a 63% share of total imports. Moreover, glass fibre filament imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+36.5% per year) and India (+62.7% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre filaments to Brazil, comprising 60% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+47.0% per year) and the United States (+15.8% per year).

Import Prices by Country

The average glass fibre filament import price stood at $X per ton in 2021, growing by 24% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Egypt ($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 (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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