MERCOSUR: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in MERCOSUR

The MERCOSUR glass fibre chopped strand market reached $X in 2022, growing by X% against the previous year. The market 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 in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Glass Fibre Chopped Strands in MERCOSUR

In value terms, glass fibre chopped strand production fell modestly to $X in 2022 estimated in export price. The total output 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 most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Glass Fibre Chopped Strands

Exports in MERCOSUR

In 2022, overseas shipments of glass fibre chopped strands increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass fibre chopped strand exports surged to $X in 2022. In general, exports continue to indicate a strong increase. The growth pace was the most rapid in 2016 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Brazil (X tons), together recording X% of total export.

Brazil was also the fastest-growing in terms of the glass fibre chopped strands exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest glass fibre chopped strand supplier in MERCOSUR.

In Brazil, glass fibre chopped strand exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price continues to indicate mild growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Imports of Glass Fibre Chopped Strands

Imports in MERCOSUR

In 2022, purchases 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 notable 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 pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are 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 saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Brazil (X tons) represented the major importer of glass fibre chopped strands, achieving X% of total imports. Argentina (X tons) ranks second in terms of the total imports with a X% share, followed by Colombia (X%). Venezuela (X tons), Chile (X tons) and Peru (X tons) took a relatively small share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%), Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) and Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Colombia and Chile increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported glass fibre chopped strands in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, glass fibre chopped strand 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: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Peru ($X per ton) and Chile ($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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