Key Market Indicators
Uruguayan demand for glass fiber is expected to grow 2.8% year on year on average over the next five years, reaching 275,330 kilograms in 2026. Uruguay's glass fiber imports are set to rise in the coming years. From 232,850 kilograms in 2021, they are projected to reach 275,330 kilograms by 2026, increasing at an average annual rate of 2.8%. Since 1999, imports have grown by an average of 2.6% each year. Meanwhile, glass fiber exports dropped 9.6% in 2018, to 61,240 kilograms, from 67,720 kilograms in 2017. Since 1999, exports have decreased by 28.1% annually. In 2018, Uruguay was overtaken by Kazakhstan and ranked 57th in the world. Belgium, Germany, and Saudi Arabia took the second, third, and fourth positions, respectively. Overall, Uruguayan glass fiber demand is predicted to keep growing over the next five years, at an average rate of 2.8% each year, reaching 275,330 kilograms by 2026.
