Uruguay: Aluminium Bar Market 2025

Aluminium Bar Market Size in Uruguay

The Uruguayan aluminium bar market amounted to $X in 2021, remaining relatively unchanged against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +97.9% against 2012 indices. Aluminium bar consumption peaked in 2021 and is expected to retain growth in the immediate term.

Aluminium Bar Production in Uruguay

In value terms, aluminium bar production shrank modestly to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +92.2% against 2012 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 9.4% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Aluminium Bar Exports

Exports from Uruguay

Aluminium bar exports from Uruguay rose slightly to X tons in 2021, surging by 4.9% against the previous year's figure. Over the period under review, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of 55% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, aluminium bar exports soared to $X in 2021. In general, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by 44%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for aluminium bar exports from Uruguay, with a 67% share of total exports. Moreover, aluminium bar exports to Argentina exceeded the volume sent to the second major destination, Brazil (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina totaled +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-13.2% per year) and Paraguay (+145.8% per year).

In value terms, Argentina ($X) remains the key foreign market for aluminium bars, rods and profiles exports from Uruguay, comprising 69% of total exports. The second position in the ranking was held by Brazil ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Argentina stood at +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-9.9% per year) and Paraguay (+127.9% per year).

Export Prices by Country

In 2021, the average aluminium bar export price amounted to $X per ton, growing by 18% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Paraguay ($X per ton), while the average price for exports to Brazil ($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 Argentina (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Bar Imports

Imports into Uruguay

In 2021, overseas purchases of aluminium bars, rods and profiles increased by 20% to X tons, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of +6.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium bar imports surged to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.3% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of aluminium bar imports to Uruguay, together comprising 89% of total imports. Spain and Paraguay lagged somewhat behind, together accounting for a further 8%.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +92.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium bar suppliers to Uruguay were China ($X), Brazil ($X) and Argentina ($X), together comprising 83% of total imports. These countries were followed by Spain and Paraguay, which together accounted for a further 9.9%.

Among the main suppliers, Paraguay, with a CAGR of +95.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium bar import price stood at $X per ton in 2021, picking up by 16% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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