Peru: Glass Fibre Mat Market 2022

Glass Fibre Mat Market Size in Peru

In 2021, the Peruvian glass fibre mat market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a noticeable decline. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Glass Fibre Mat Exports

Exports from Peru

In 2021, after eight years of decline, there was growth in overseas shipments of glass fibre mats, when their volume increased by less than X% to X kg. Over the period under review, exports, however, continue to indicate a deep setback. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, glass fibre mat exports surged to $X in 2021. Overall, exports, however, showed a pronounced downturn. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X kg) was the main destination for glass fibre mat exports from Peru, with a X% share of total exports. Moreover, glass fibre mat exports to Chile exceeded the volume sent to the second major destination, Bolivia (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled +X%.

In value terms, Chile ($X) and Bolivia ($X) were the largest markets for glass fibre mat exported from Peru worldwide.

Chile, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average glass fibre mat export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Chile stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+X%).

Glass Fibre Mat Imports

Imports into Peru

In 2021, purchases abroad of glass fibre mats increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, glass fibre mat imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a noticeable decline. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glass fibre mat to Peru, accounting for a X% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with less than X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Mexico (-X% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre mat to Peru, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Mexico (-X% per year).

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the import price saw a mild contraction. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Colombia ($X per ton) and Mexico ($X per ton), while the price for Russia ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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