Brazil: Insulating Board Market 2024

Insulating Board Market Size in Brazil

The Brazilian insulating board market stood at $X in 2022, increasing by 2.8% against the previous year. Overall, consumption saw a noticeable contraction. Insulating board consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Insulating Board Production in Brazil

In value terms, insulating board production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 28% against the previous year. Insulating board production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Insulating Board Exports

Exports from Brazil

In 2022, after two years of growth, there was significant decline in overseas shipments of insulating board, when their volume decreased by -40.3% to X cubic meters. In general, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2015 when exports increased by 840%. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, insulating board exports contracted significantly to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 725% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay (X cubic meters), the United States (X cubic meters) and Argentina (X cubic meters) were the main destinations of insulating board exports from Brazil, together comprising 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +82.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Uruguay ($X) and Argentina ($X) appeared to be the largest markets for insulating board exported from Brazil worldwide, with a combined 99% share of total exports.

Uruguay, with a CAGR of +46.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average insulating board export price amounted to $X per cubic meter, rising by 4.8% against the previous year. In general, the export price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2019 an increase of 90% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, 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 Argentina ($X per cubic meter), while the average price for exports to Uruguay ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.9%), while the prices for the other major destinations experienced a decline.

Insulating Board Imports

Imports into Brazil

In 2022, the amount of insulating board imported into Brazil soared to X cubic meters, growing by 428% compared with 2021 figures. Over the period under review, imports posted a pronounced increase. The pace of growth was the most pronounced in 2021 with an increase of 4,600%. Over the period under review, imports reached the maximum at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, insulating board imports skyrocketed to $X in 2022. Overall, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 718% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X cubic meters) was the main insulating board supplier to Brazil, accounting for a 96% share of total imports. Moreover, insulating board imports from China exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +37.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (0.0% per year) and Portugal (-39.1% per year).

In value terms, China ($X) constituted the largest supplier of insulating board to Brazil, comprising 87% of total imports. The second position in the ranking was held by Poland ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (0.0% per year) and Portugal (-33.6% per year).

Import Prices by Country

In 2022, the average insulating board import price amounted to $X per cubic meter, reducing by -46.5% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 102% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Portugal ($X per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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