Uruguay: Carpet Market 2024

Carpet Market Size in Uruguay

The Uruguayan carpet market contracted to $X in 2022, reducing by X% 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Carpet Exports

Exports from Uruguay

In 2022, approx. X square meters of carpets and other textile floor coverings were exported from Uruguay; picking up by X% compared with the year before. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, carpet exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X square meters) was the main destination for carpet exports from Uruguay, with a X% share of total exports. Moreover, carpet exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Argentina amounted to X%.

In value terms, Argentina ($X) remains the key foreign market for carpets and other textile floor coverings exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Paraguay ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina totaled X%.

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, with an increase of X% against the previous year. In general, the export price, however, saw a deep setback. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per square meter), while the average price for exports to Argentina totaled $X per square meter.

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

Carpet Imports

Imports into Uruguay

For the third year in a row, Uruguay recorded growth in purchases abroad of carpets and other textile floor coverings, which increased by X% to X square meters in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, carpet imports reduced to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X square meters), Sweden (X square meters) and India (X square meters) were the main suppliers of carpet imports to Uruguay, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Brazil ($X) were the largest carpet suppliers to Uruguay, together accounting for X% of total imports. The United States, Belgium, Egypt, Paraguay, Turkey, Argentina, Chile, the Netherlands, Mexico and Sweden lagged somewhat behind, together comprising a further X%.

Paraguay, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, shrinking by X% against the previous year. Overall, the import price saw a pronounced decline. The growth pace was the most rapid in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per square meter. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per square meter), while the price for Sweden (less than $X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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