Latin America and the Caribbean: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Latin America and the Caribbean

The Latin American glass electrical insulator market was estimated at $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Glass Electrical Insulator Production in Latin America and the Caribbean

In value terms, glass electrical insulator production dropped slightly to $X in 2022 estimated in export price. In general, production, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Glass Electrical Insulator Exports

Exports in Latin America and the Caribbean

For the fourth year in a row, LatAmerica and the Caribbean recorded decline in overseas shipments of glass electrical insulators, which decreased by X% to X units in 2022. In general, exports recorded a dramatic descent. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glass electrical insulator exports dropped sharply to $X in 2022. Overall, exports saw a sharp downturn. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile was the main exporter of glass electrical insulators in Latin America and the Caribbean, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Brazil (X units) and Costa Rica (X units), together creating a X% share of total exports. Panama (X units) took a relatively small share of total exports.

Chile was also the fastest-growing in terms of the glass electrical insulators exports, with a CAGR of X% from 2012 to 2022. At the same time, Panama (X%) displayed positive paces of growth. By contrast, Costa Rica (X%) and Brazil (X%) illustrated a downward trend over the same period. Chile (X p.p.), Costa Rica (X p.p.) and Panama (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Chile ($X), Brazil ($X) and Costa Rica ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Chile, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the export price figures.

Glass Electrical Insulator Imports

Imports in Latin America and the Caribbean

In 2022, glass electrical insulator imports in Latin America and the Caribbean rose notably to X units, growing by X% compared with 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, glass electrical insulator imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Brazil represented the key importing country with an import of about X units, which finished at X% of total imports. Chile (X units) held the second position in the ranking, distantly followed by Colombia (X units). All these countries together held approx. X% share of total imports. The following importers - Paraguay (X units), Peru (X units), Bolivia (X units) and Mexico (X units) - together made up X% of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Bolivia (X%), Colombia (X%) and Chile (X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Paraguay experienced a relatively flat trend pattern. By contrast, Mexico (X%) and Peru (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Colombia (X p.p.), Chile (X p.p.) and Bolivia (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico and Peru saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported glass electrical insulators in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Bolivia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Bolivia (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, recorded a pronounced contraction. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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