Latin America and the Caribbean: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in Latin America and the Caribbean

The Latin American glass fibre chopped strand market totaled $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Production of Glass Fibre Chopped Strands in Latin America and the Caribbean

In value terms, glass fibre chopped strand production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Glass Fibre Chopped Strands

Exports in Latin America and the Caribbean

In 2022, shipments abroad of glass fibre chopped strands was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports recorded resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibre chopped strand exports skyrocketed to $X in 2022. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Brazil was the largest exporter of glass fibre chopped strands in Latin America and the Caribbean, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Mexico (X tons), comprising a X% share of total exports. Trinidad and Tobago (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre chopped strand supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Trinidad and Tobago ($X), with a combined X% share of total exports.

Mexico, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre chopped strand export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

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

Imports of Glass Fibre Chopped Strands

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of glass fibre chopped strands increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, glass fibre chopped strand imports soared to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Mexico (X tons) and Brazil (X tons) dominates imports structure, together generating X% of total imports. It was distantly followed by Argentina (X tons), achieving a X% share of total imports. Colombia (X tons) and Venezuela (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre chopped strand importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together accounting for X% of total imports. Colombia and Venezuela lagged somewhat behind, together comprising a further X%.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Argentina ($X per ton) and Brazil ($X per ton), while Venezuela ($X per ton) and Colombia ($X per ton) were 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 more modest paces of growth.

Source: IndexBox Platform

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