Uruguay: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Uruguay

The Uruguayan base metal hinge market skyrocketed to $X in 2021, jumping by 39% 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 a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.8% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Base Metal Hinge Exports

Exports from Uruguay

In 2021, approx. X kg of base metal hinges were exported from Uruguay; picking up by 451% compared with the year before. Overall, exports, however, saw a abrupt curtailment. Over the period under review, the exports attained the peak figure at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, base metal hinge exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X kg) was the main destination for base metal hinge exports from Uruguay, with a 92% share of total exports. It was followed by the United States (X kg), with a 2.5% share of total exports. Bolivia (X kg) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+19.6% per year) and Bolivia (+108.0% per year).

In value terms, Mexico ($X) emerged as the key foreign market for base metal hinges exports from Uruguay, comprising 84% of total exports. The second position in the ranking was held by Brazil ($X), with a 5.3% share of total exports. It was followed by Bolivia, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-31.9% per year) and Bolivia (+402.7% per year).

Export Prices by Country

The average base metal hinge export price stood at $X per ton in 2021, waning by -10.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 16%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Mexico ($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 Bolivia (+156.8%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hinge Imports

Imports into Uruguay

Base metal hinge imports into Uruguay soared to X tons in 2021, picking up by 46% against the year before. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% 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 +28.8% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal hinge imports skyrocketed to $X in 2021. In general, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% 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 +25.0% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest base metal hinge supplier to Uruguay, accounting for a 81% share of total imports. Moreover, base metal hinge imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+77.6% per year) and Brazil (-8.0% per year).

In value terms, China ($X) constituted the largest supplier of base metal hinges to Uruguay, comprising 58% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.9% share of total imports. It was followed by Turkey, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.8% per year) and Turkey (+70.7% per year).

Import Prices by Country

The average base metal hinge import price stood at $X per ton in 2021, falling by -5.9% against the previous year. Over the period under review, the import price saw a slight decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 2.9% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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