Uruguay: Blanket Market 2024

Blanket Market Size in Uruguay

The Uruguayan blanket market contracted modestly to $X in 2022, which is down by -2.8% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Blanket Production in Uruguay

In value terms, blanket production fell slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Blanket Exports

Exports from Uruguay

In 2022, shipments abroad of blankets and traveling rugs (except electric blankets) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a dramatic downturn. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, blanket exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 37% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for blanket exports from Uruguay, accounting for a 91% share of total exports. Moreover, blanket exports to Argentina exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Argentina totaled -18.6%.

In value terms, Argentina ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from Uruguay, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Argentina totaled -20.2%.

Export Prices by Country

In 2022, the average blanket export price amounted to $X per ton, which is down by -20.9% against the previous year. Overall, the export price showed a slight reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 60%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+16.9%), while the prices for the other major destinations experienced a decline.

Blanket Imports

Imports into Uruguay

In 2022, the amount of blankets and traveling rugs (except electric blankets) imported into Uruguay amounted to X tons, growing by 14% against the previous year's figure. Overall, imports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 77% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, blanket imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2017 when imports increased by 38%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of blanket to Uruguay, accounting for a 88% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+23.2% per year) and Brazil (-2.3% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Uruguay, comprising 59% of total imports. The second position in the ranking was held by India ($X), with a 5.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.7% per year) and Brazil (-2.3% per year).

Import Prices by Country

The average blanket import price stood at $X per ton in 2022, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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