Uruguay: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Uruguay

The Uruguayan anti-freezing preparations market soared to $X in 2021, jumping by 19% 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). The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Anti-Freezing Preparations Exports

Exports from Uruguay

In 2021, anti-freezing preparations exports from Uruguay surged to X tons, increasing by 123% on the previous year's figure. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 809%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, anti-freezing preparations exports soared to $X in 2021. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 546%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Montenegro (X tons), Slovenia (X kg) and Serbia (X kg) were the main destinations of anti-freezing preparations exports from Uruguay, together accounting for 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Montenegro (with a CAGR of +61.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for anti-freezing preparations exported from Uruguay were Montenegro ($X), Slovenia ($X) and Serbia ($X), together accounting for 93% of total exports.

Montenegro, with a CAGR of +46.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average anti-freezing preparations export price amounted to $X per ton, which is down by -33% against the previous year. In general, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 69%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Serbia ($X per ton), while the average price for exports to Montenegro ($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 Serbia (+5.1%), while the prices for the other major destinations experienced a decline.

Anti-Freezing Preparations Imports

Imports into Uruguay

In 2021, approx. X tons of anti-freezing preparations and prepared de-icing fluids were imported into Uruguay; jumping by 30% against the previous year. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% 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 +24.1% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations imports surged to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 18%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of anti-freezing preparations imports to Uruguay, with a combined 76% share of total imports. Spain and Germany lagged somewhat behind, together accounting for a further 7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +19.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and Argentina ($X) constituted the largest anti-freezing preparations suppliers to Uruguay, with a combined 74% share of total imports. Spain and Germany lagged somewhat behind, together comprising a further 7.5%.

In terms of the main suppliers, Germany, with a CAGR of +12.3%, recorded the highest rates of growth with regard to 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 anti-freezing preparations import price stood at $X per ton in 2021, waning by -11.4% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9.4% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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