Latin America and the Caribbean: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Latin America and the Caribbean

The Latin American glass fibre and article market amounted to $X in 2022, approximately mirroring the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Glass Fibres and Glass Fibre Articles in Latin America and the Caribbean

In value terms, glass fibre and article production reduced to $X in 2022 estimated in export price. Overall, production recorded a mild descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports in Latin America and the Caribbean

In 2022, exports of glass fibres and glass fibre articles in Latin America and the Caribbean fell slightly to X tons, waning by X% against the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, glass fibre and article exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Mexico was the key exporter of glass fibres and glass fibre articles in Latin America and the Caribbean, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Brazil (X tons), generating a X% share of total exports. The following exporters - Colombia (X tons) and Argentina (X tons) - together made up X% of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia and Argentina experienced a relatively flat trend pattern. From 2012 to 2022, the share of Brazil increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, glass fibre and article exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export 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, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil ($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 a decline in the export price figures.

Imports of Glass Fibres and Glass Fibre Articles

Imports in Latin America and the Caribbean

Glass fibre and article imports rose modestly to X tons in 2022, growing by X% compared with the previous year's figure. Total imports indicated perceptible 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 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, glass fibre and article imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) represented the main importer of glass fibres and glass fibre articles, generating X% of total imports. Brazil (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%) and Colombia (X%). Chile (X tons) and Peru (X tons) took a little share of total imports.

Mexico was also the fastest-growing in terms of the glass fibres and glass fibre articles imports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%), Peru (X%), Chile (X%) and Brazil (X%) displayed positive paces of growth. Argentina experienced a relatively flat trend pattern. While the share of Mexico (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, glass fibre and article imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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