Uruguay: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in Uruguay

The Uruguayan aluminium alloy tube market dropped to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, continues to indicate a drastic downturn. Aluminium alloy tube consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Aluminium Alloy Tube Production in Uruguay

In value terms, aluminium alloy tube production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2014 when the production volume increased by 39% against the previous year. Aluminium alloy tube production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aluminium Alloy Tube Exports

Exports from Uruguay

In 2022, exports of aluminium alloy tubes and pipes from Uruguay expanded remarkably to X tons, picking up by 11% compared with the year before. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 204% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium alloy tube exports rose rapidly to $X in 2022. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 179%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for aluminium alloy tube exports from Uruguay, with a 99.9% share of total exports. It was followed by Brazil (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Argentina totaled +40.1%.

In value terms, Argentina ($X) remains the key foreign market for aluminium alloy tubes and pipes exports from Uruguay, comprising 99.9% of total exports. The second position in the ranking was taken by Brazil ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Argentina amounted to +35.7%.

Export Prices by Country

In 2022, the average aluminium alloy tube export price amounted to $X per ton, flattening at the previous year. In general, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 0.7% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.9%).

Aluminium Alloy Tube Imports

Imports into Uruguay

In 2022, approx. X tons of aluminium alloy tubes and pipes were imported into Uruguay; with a decrease of -2.1% compared with the previous year's figure. In general, imports, however, enjoyed a notable increase. The growth pace was the most rapid in 2017 when imports increased by 85%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium alloy tube imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 63% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Brazil (X tons) and Spain (X tons) were the main suppliers of aluminium alloy tube imports to Uruguay, together accounting for 76% of total imports. Hong Kong SAR, Argentina, Paraguay and the United States lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Paraguay (with a CAGR of +676.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy tube suppliers to Uruguay were Brazil ($X), China ($X) and Spain ($X), together comprising 74% of total imports. Argentina, Hong Kong SAR, the United States and Paraguay lagged somewhat behind, together accounting for a further 23%.

Paraguay, with a CAGR of +453.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium alloy tube import price amounted to $X per ton, with a decrease of -16.9% against the previous year. Overall, the import price showed a perceptible decline. The growth pace was the most rapid in 2015 when the average import price increased by 21%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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