Uruguay: Articles Of Zinc Market 2025

Articles Of Zinc Market Size in Uruguay

In 2021, the Uruguayan articles of zinc market increased by 1.8% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.8% 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 +58.7% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Articles Of Zinc Exports

Exports from Uruguay

After three years of decline, overseas shipments of articles of zinc increased by 277% to X kg in 2021. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2015 when exports increased by 1,189%. As a result, the exports attained the peak of X kg. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, articles of zinc exports surged to $X in 2021. Over the period under review, exports, however, saw a dramatic decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 436% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ecuador (X kg) was the main destination for articles of zinc exports from Uruguay, accounting for a 90% share of total exports. Moreover, articles of zinc exports to Ecuador exceeded the volume sent to the second major destination, Slovenia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador amounted to +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+16.7% per year) and Serbia (-7.4% per year).

In value terms, Ecuador ($X) remains the key foreign market for articles of zinc exports from Uruguay, comprising 90% of total exports. The second position in the ranking was held by Slovenia ($X), with a 5.5% share of total exports. It was followed by Guatemala, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador amounted to -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+0.5% per year) and Guatemala (-43.5% per year).

Export Prices by Country

In 2021, the average articles of zinc export price amounted to $X per ton, which is down by -36.2% against the previous year. In general, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2016 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Serbia ($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 (+1.0%), while the prices for the other major destinations experienced a decline.

Articles Of Zinc Imports

Imports into Uruguay

In 2021, overseas purchases of articles of zinc decreased by -16.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.0% against 2018 indices. The pace of growth appeared the most rapid in 2020 with an increase of 67%. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, articles of zinc imports totaled $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% 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 +64.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 53%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest articles of zinc supplier to Uruguay, accounting for a 45% share of total imports. Moreover, articles of zinc imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.8% per year) and Argentina (-3.4% per year).

In value terms, the United States ($X), China ($X) and Brazil ($X) were the largest articles of zinc suppliers to Uruguay, together accounting for 72% of total imports. These countries were followed by Argentina, Latvia, the UK and Norway, which together accounted for a further 13%.

Among the main suppliers, the UK, with a CAGR of +19.3%, 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

In 2021, the average articles of zinc import price amounted to $X per ton, rising by 29% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average import price increased by 32% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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