Uruguay: Ceramic Tile Market 2024

Ceramic Tile Market Size in Uruguay

The Uruguayan ceramic tile market fell to $X in 2022, remaining constant against the previous year. Overall, consumption, however, showed a pronounced slump. Ceramic tile consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ceramic Tile Production in Uruguay

In value terms, ceramic tile production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 23%. Ceramic tile production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ceramic Tile Exports

Exports from Uruguay

In 2022, exports of ceramic tiles from Uruguay contracted rapidly to X square meters, waning by -79.7% against the previous year. Over the period under review, exports saw a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by 1,212% against the previous year. As a result, the exports reached the peak of X square meters. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ceramic tile exports reduced markedly to $X in 2022. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 1,036% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X square meters) was the main destination for ceramic tile exports from Uruguay, accounting for a 65% share of total exports. Moreover, ceramic tile exports to the United States exceeded the volume sent to the second major destination, Italy (X square meters), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Paraguay (-20.7% per year).

In value terms, the largest markets for ceramic tile exported from Uruguay were the United States ($X), Paraguay ($X) and Italy ($X), together accounting for 99% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +13.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ceramic tile export price amounted to $X per square meter, remaining stable against the previous year. In general, the export price continues to indicate modest growth. The most prominent rate of growth was recorded in 2015 an increase of 82% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign 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 Italy (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 recorded for supplies to Argentina (+121.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Tile Imports

Imports into Uruguay

In 2022, ceramic tile imports into Uruguay totaled X square meters, approximately mirroring the previous year. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 11% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2020; afterwards, it flattened through to 2022.

In value terms, ceramic tile imports declined modestly to $X in 2022. Overall, imports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2015 when imports increased by 13% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X square meters) constituted the largest supplier of ceramic tile to Uruguay, with a 79% share of total imports. Moreover, ceramic tile imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X square meters), more than tenfold. The third position in this ranking was taken by Argentina (X square meters), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.3% per year) and Argentina (-12.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of ceramic tiles to Uruguay, comprising 62% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by Argentina, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.8% per year) and Argentina (-15.6% per year).

Import Prices by Country

The average ceramic tile import price stood at $X per square meter in 2022, stabilizing at the previous year. In general, the import price saw a pronounced contraction. The pace of growth was the most pronounced in 2021 an increase of 2.9% against the previous year. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Brazil ($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 China (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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