Uruguay: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2025

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Uruguay

The Uruguayan market for coconut, abaca, ramie and other vegetable textile fibres fell dramatically to $X in 2022, dropping by -44.7% against the previous year. Overall, consumption, however, saw a significant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced rapidly in the following year.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Uruguay

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. The growth pace was the most rapid in 2015 with an increase of 13%. Production of peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The average yield of coconut, abaca, ramie and other vegetable textile fibres in Uruguay stood at less than X kg per ha in 2022, stabilizing at the year before. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of coconut, abaca, ramie and other vegetable textile fibres in Uruguay amounted to less than X ha, leveling off at 2021. In general, the harvested area saw a relatively flat trend pattern.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Uruguay

In 2022, after two years of decline, there was decline in shipments abroad of coconut, abaca, ramie and other vegetable textile fibres, when their volume decreased by 0% to X tons. Over the period under review, exports showed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres amounted to $X in 2022. In general, exports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Uruguay, with a approx. 100% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to the United States totaled +32.6%.

From 2015 to 2022, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, almost unchanged from the previous year. Overall, the export price continues to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2020 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2015 to 2022, the rate of growth in terms of prices for the United States amounted to -24.9% per year.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Uruguay

Imports of coconut, abaca, ramie and other vegetable textile fibres into Uruguay declined markedly to X tons in 2022, waning by -41.2% on the year before. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 228%. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres reduced dramatically to $X in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 233%. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest coconut, abaca, ramie and other vegetable textile fibre supplier to Uruguay, accounting for a 63% share of total imports. Moreover, imports of coconut, abaca, ramie and other vegetable textile fibres from the Netherlands exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +129.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+45.5% per year) and Spain (+48.1% per year).

In value terms, the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Uruguay were the Netherlands ($X), India ($X) and Brazil ($X), with a combined 82% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +103.2%, saw the highest growth rate of 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

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2021 an increase of 12%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform