Latin America and the Caribbean: Glass Fiber Market 2024

Glass Fiber Market Size in Latin America and the Caribbean

In 2022, the Latin American glass fiber market increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, showed a slight downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Glass Fiber Production in Latin America and the Caribbean

In value terms, glass fiber production rose to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable curtailment. 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 failed to regain momentum.

Glass Fiber Exports

Exports in Latin America and the Caribbean

In 2022, the amount of voiles, webs, mats and other articles of glass fibers exported in Latin America and the Caribbean expanded rapidly to X tons, picking up by X% against the year before. Total exports indicated a temperate increase 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, glass fiber exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Mexico was the key exporter of voiles, webs, mats and other articles of glass fibers in Latin America and the Caribbean, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Colombia (X tons) ranks second in terms of the total exports with a X% share, followed by Argentina (X%).

Mexico was also the fastest-growing in terms of the voiles, webs, mats and other articles of glass fibers exports, with a CAGR of X% from 2012 to 2022. Argentina experienced a relatively flat trend pattern. Colombia (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) and Colombia (X p.p.) displayed negative dynamics.

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

In Mexico, glass fiber 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: Colombia (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Argentina ($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 a decline in the export price figures.

Glass Fiber Imports

Imports in Latin America and the Caribbean

Glass fiber imports stood at X tons in 2022, increasing by X% against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, glass fiber imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Mexico dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. Chile (X tons) ranks second in terms of the total imports with a X% share, followed by Brazil (X%). Argentina (X tons), Peru (X tons), Colombia (X tons), Ecuador (X tons), Costa Rica (X tons) and Guatemala (X tons) followed a long way behind the leaders.

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

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

In Mexico, glass fiber imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Chile ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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