Uruguay: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Uruguay

The Uruguayan bituminous mixtures market expanded modestly to $X in 2021, growing by 3.2% against the previous year. Over the period under review, consumption posted a noticeable expansion. Bituminous mixtures consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Bituminous Mixtures Production in Uruguay

In value terms, bituminous mixtures production expanded modestly to $X in 2021 estimated in export price. In general, production showed a temperate increase. The pace of growth appeared the most rapid in 2017 with an increase of 50% against the previous year. Bituminous mixtures production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Bituminous Mixtures Exports

Exports from Uruguay

In 2021, overseas shipments of bituminous mixtures decreased by -48% to X tons, falling for the third year in a row after three years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 134% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, bituminous mixtures exports contracted remarkably to $X in 2021. Over the period under review, exports, however, showed slight growth. The most prominent rate of growth was recorded in 2017 when exports increased by 233% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons), Argentina (X tons) and the UK (X tons) were the main destinations of bituminous mixtures exports from Uruguay, with a combined 94% share of total exports. Bolivia lagged somewhat behind, comprising a further 5.8%.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +11.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X) remains the key foreign market for bituminous mixtures exports from Uruguay, comprising 50% of total exports. The second position in the ranking was held by Argentina ($X), with a 23% share of total exports. It was followed by the UK, with a 23% share.

From 2012 to 2021, the average annual growth rate of value to Paraguay totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-10.5% per year) and the UK (0.0% per year).

Export Prices by Country

The average bituminous mixtures export price stood at $X per ton in 2021, waning by -10.7% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bituminous mixtures export price decreased by -17.6% against 2019 indices. The growth pace was the most rapid in 2017 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Argentina ($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 Paraguay (+0.9%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports

Imports into Uruguay

After two years of decline, supplies from abroad of bituminous mixtures increased by 46% to X tons in 2021. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 1,017%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, bituminous mixtures imports soared to $X in 2021. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 637% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest bituminous mixtures supplier to Uruguay, with a 66% share of total imports. Moreover, bituminous mixtures imports from France exceeded the figures recorded by the second-largest supplier, Croatia (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (-13.4% per year) and the United States (+5.7% per year).

In value terms, France ($X) constituted the largest supplier of bituminous mixtures to Uruguay, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Croatia, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +38.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.5% per year) and Croatia (-10.9% per year).

Import Prices by Country

The average bituminous mixtures import price stood at $X per ton in 2021, surging by 7.5% against the previous year. In general, the import price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :