Chile: Glass Fibre Mat Market 2023

Glass Fibre Mat Market Size in Chile

The Chilean glass fibre mat market fell notably to $X in 2022, with a decrease of -28.3% 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). Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +65.1% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Glass Fibre Mat Exports

Exports from Chile

In 2022, overseas shipments of glass fibre mats decreased by 0% to X kg, falling for the second year in a row after two years of decline. In general, exports recorded temperate growth. The smallest decline of 99.9% was in 2021. The exports peaked at X kg in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, glass fibre mat exports amounted to $X in 2022. Overall, exports posted strong growth. The smallest decline of 99.9% was in 2021. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X kg) was the main destination for glass fibre mat exports from Chile, with a 60% share of total exports. Moreover, glass fibre mat exports to Bolivia exceeded the volume sent to the second major destination, Uruguay (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (0.0% per year) and South Korea (0.0% per year).

From 2012 to 2022, the average annual growth rate of value to Bolivia totaled +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-1.8% per year) and Uruguay (0.0% per year).

Export Prices by Country

In 2022, the average glass fibre mat export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price recorded a strong increase. The pace of growth was the most pronounced in 2021 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Uruguay ($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 (+15.7%).

Glass Fibre Mat Imports

Imports into Chile

In 2022, the amount of glass fibre mats imported into Chile shrank rapidly to X tons, waning by -21.7% against 2021 figures. In general, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +38.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 76%. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, glass fibre mat imports fell significantly to $X in 2022. Overall, imports, however, showed notable growth. The pace of growth was the most pronounced in 2021 with an increase of 154%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest glass fibre mat supplier to Chile, accounting for a 70% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was held by India (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+39.9% per year) and India (+26.4% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre mats to Chile, comprising 76% of total imports. The second position in the ranking was held by Russia ($X), with an 11% share of total imports. It was followed by India, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+34.8% per year) and India (+13.2% per year).

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2022, shrinking by -11% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 44%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Russia ($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 (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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