Uruguay: Market for Acid And Mordant Dyes And Preparations Based Thereon 2024

Market Size for Acid And Mordant Dyes And Preparations Based Thereon in Uruguay

In 2021, the Uruguayan acid and mordant dye market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a deep slump. Acid and mordant dye consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Acid And Mordant Dyes And Preparations Based Thereon

Exports from Uruguay

In 2021, overseas shipments of acid and mordant dyes and preparations based thereon increased by 12% to X tons, rising for the third consecutive year after three years of decline. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,190%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, acid and mordant dye exports surged to $X in 2021. Overall, exports recorded significant growth. The growth pace was the most rapid in 2015 when exports increased by 631%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Argentina (X tons) was the main destination for acid and mordant dye exports from Uruguay, with a 78% share of total exports. Moreover, acid and mordant dye exports to Argentina exceeded the volume sent to the second major destination, Brazil (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Argentina amounted to +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+37.4% per year) and Thailand (+70.5% per year).

In value terms, Argentina ($X) remains the key foreign market for acid and mordant dyes and preparations based thereon exports from Uruguay, comprising 82% of total exports. The second position in the ranking was taken by Thailand ($X), with a 9.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina amounted to +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+56.5% per year) and Brazil (+9.2% per year).

Export Prices by Country

The average acid and mordant dye export price stood at $X per ton in 2021, rising by 22% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 33%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: among the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+11.9%), while the prices for the other major destinations experienced a decline.

Imports of Acid And Mordant Dyes And Preparations Based Thereon

Imports into Uruguay

In 2021, purchases abroad of acid and mordant dyes and preparations based thereon was finally on the rise to reach X tons after two years of decline. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 51%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, acid and mordant dye imports soared to $X in 2021. In general, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 49%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of acid and mordant dye to Uruguay, with a 51% share of total imports. Moreover, acid and mordant dye imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 23% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.5% per year) and Spain (-5.5% per year).

In value terms, the largest acid and mordant dye suppliers to Uruguay were India ($X), Spain ($X) and China ($X), together comprising 95% of total imports.

China, with a CAGR of -4.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average acid and mordant dye import price stood at $X per ton in 2021, surging by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: among the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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