Report Update Nov 1, 2024

Uruguay - Acrylic Acid and Its Salts and Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Monocarboxylic Acid Market 2024

Monocarboxylic Acid Market Size in Uruguay

The Uruguayan monocarboxylic acid market surged to $X in 2022, with an increase of 28% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +89.1% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Monocarboxylic Acid Exports

Exports from Uruguay

In 2022, approx. X tons of acrylic acid and its salts and other monocarboxylic acid were exported from Uruguay; waning by -18% on 2021 figures. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 925% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, monocarboxylic acid exports shrank to $X in 2022. In general, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 997%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Paraguay (X tons) was the main destination for monocarboxylic acid exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Paraguay amounted to +5.6%.

In value terms, Paraguay ($X) emerged as the key foreign market for acrylic acid and its salts and other monocarboxylic acid exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Paraguay totaled +14.1%.

Export Prices by Country

In 2022, the average monocarboxylic acid export price amounted to $X per ton, picking up by 6.3% against the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2015 an increase of 218%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +36.7% per year.

Monocarboxylic Acid Imports

Imports into Uruguay

Monocarboxylic acid imports into Uruguay reduced to X tons in 2022, declining by -8.3% on the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, monocarboxylic acid imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Brazil (X tons), China (X tons) and France (X tons) were the main suppliers of monocarboxylic acid imports to Uruguay, together comprising 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +80.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of acrylic acid and its salts and other monocarboxylic acid to Uruguay, comprising 72% of total imports. The second position in the ranking was held by Brazil ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+33.4% per year) and France (+85.4% per year).

Import Prices by Country

The average monocarboxylic acid import price stood at $X per ton in 2022, jumping by 55% against the previous year. Over the period under review, the import price recorded a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acrylic acid and its salts and other monocarboxylic acid in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 43% share of global consumption. These countries were followed by Russia, Brazil, Indonesia, Japan, Germany, Mexico, Malaysia, Canada, Democratic Republic of the Congo and Saudi Arabia, which together accounted for a further 31%.

What are the largest producers of acrylic acid and its salts and other monocarboxylic acid in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 45% of global production. These countries were followed by Japan, Germany, Russia, Saudi Arabia, Indonesia, Brazil, Mexico, Malaysia, Belgium and Democratic Republic of the Congo, which together accounted for a further 38%.

What are the leading suppliers of acrylic acid and its salts and other monocarboxylic acid to Uruguay?

In value terms, China constituted the largest supplier of monocarboxylic acid to Uruguay, comprising 58% of total imports. The second position in the ranking was occupied by Brazil, with a 15% share of total imports. It was followed by Germany, with a 13% share.

What are the leading importers of acrylic acid and its salts and other monocarboxylic acid from Uruguay?

In value terms, the Philippines remains the key foreign market for monocarboxylic acid exports from Uruguay, comprising 62% of total exports. The second position in the ranking was occupied by Guatemala, with a 21% share of total exports. It was followed by Paraguay, with a 12% share.

What is the average export price for acrylic acid and its salts and other monocarboxylic acid in Uruguay?

In 2021, the average monocarboxylic acid export price amounted to $7,149 per ton, jumping by 16% against the previous year.

What is the average import price for acrylic acid and its salts and other monocarboxylic acid in Uruguay?

In 2021, the average monocarboxylic acid import price amounted to $3,542 per ton, with an increase of 6.3% against the previous year.

This report provides an in-depth analysis of the monocarboxylic acid market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143310 - Acrylic acid and its salts and other monocarboxylic acid

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023