Uruguay: Carboxylic Acid Market 2025

Carboxylic Acid Market Size in Uruguay

The Uruguayan carboxylic acid market expanded remarkably to $X in 2021, increasing by 7.5% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Carboxylic Acid Production in Uruguay

In value terms, carboxylic acid production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2019 with an increase of 39%. Carboxylic acid production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Carboxylic Acid Exports

Exports from Uruguay

In 2021, overseas shipments of carboxylic acid with alcohol, phenol, aldehyde or ketone functions decreased by -32.8% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 95% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, carboxylic acid exports dropped significantly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 61%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for carboxylic acid exports from Uruguay, accounting for a 37% share of total exports. Moreover, carboxylic acid exports to Peru exceeded the volume sent to the second major destination, Brazil (X tons), twofold. Trinidad and Tobago (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Peru stood at +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+26.4% per year) and Trinidad and Tobago (+21.9% per year).

In value terms, the largest markets for carboxylic acid exported from Uruguay were Peru ($X), Guatemala ($X) and Brazil ($X), together accounting for 65% of total exports.

Brazil, with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average carboxylic acid export price amounted to $X per ton, rising by 17% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 75%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Guatemala ($X per ton), while the average price for exports to Paraguay ($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 Ireland (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Carboxylic Acid Imports

Imports into Uruguay

In 2021, overseas purchases of carboxylic acid with alcohol, phenol, aldehyde or ketone functions were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% 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 2016 when imports increased by 48% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, carboxylic acid imports skyrocketed to $X in 2021. In general, imports, however, saw a noticeable decline. The growth pace was the most rapid in 2016 with an increase of 39% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Brazil (X tons) and South Africa (X tons) were the main suppliers of carboxylic acid imports to Uruguay, with a combined 52% share of total imports. Belgium, Poland, Israel, India and France lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +53.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Africa ($X) and Brazil ($X) appeared to be the largest carboxylic acid suppliers to Uruguay, with a combined 37% share of total imports. Belgium, India, Poland, Israel and France lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, Belgium, with a CAGR of +21.0%, 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 carboxylic acid import price amounted to $X per ton, dropping by -5.5% against the previous year. Overall, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2020 when the average import price increased by 16% against the previous year. The import price peaked 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, the country with the highest price was India ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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