Latin America and the Caribbean: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Latin America and the Caribbean

In 2021, the Latin American glass fibre mat market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Glass Fibre Mat Production in Latin America and the Caribbean

In value terms, glass fibre mat production reduced slightly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Glass Fibre Mat Exports

Exports in Latin America and the Caribbean

In 2021, approx. X tons of glass fibre mats were exported in Latin America and the Caribbean; jumping by X% compared with the previous year's figure. Over the period under review, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre mat exports soared to $X in 2021. Overall, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico represented the largest exporter of glass fibre mats in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was near X% of total exports in 2021. It was distantly followed by Brazil (X tons), making up a X% share of total exports.

Mexico was also the fastest-growing in terms of the glass fibre mats exports, with a CAGR of +X% from 2012 to 2021. Brazil (-X%) illustrated a downward trend over the same period. percentage points. Brazil (-X p.p.) saw their shares reduced.

In value terms, Mexico ($X) emerged as the largest glass fibre mat supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico totaled +X%.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+X%).

Glass Fibre Mat Imports

Imports in Latin America and the Caribbean

In 2021, imports of glass fibre mats in Latin America and the Caribbean soared to X tons, picking up by X% compared with 2020. Overall, imports, however, recorded a slight slump. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, glass fibre mat imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico was the largest importing country with an import of around X tons, which amounted to X% of total imports. Brazil (X tons) took the second position in the ranking, followed by Argentina (X tons), Chile (X tons) and Colombia (X tons). All these countries together took approx. X% share of total imports. Peru (X tons) and Ecuador (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to glass fibre mat imports into Mexico stood at +X%. At the same time, Chile (+X%), Ecuador (+X%), Argentina (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, Peru (-X%) and Brazil (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), Chile (+X p.p.), Argentina (+X p.p.) and Colombia (less than X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Brazil (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported glass fibre mats in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with an X% share.

In Mexico, glass fibre mat imports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and Argentina (+X% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Mexico ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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