Report Update Nov 1, 2024

Uruguay - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Uruguay

The Uruguayan concrete reinforcing bar market contracted to $X in 2022, which is down by -10.5% against the previous year. In general, consumption showed a relatively flat trend pattern. Concrete reinforcing bar consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Concrete Reinforcing Bar Production in Uruguay

In value terms, concrete reinforcing bar production shrank to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 84%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Concrete Reinforcing Bar Exports

Exports from Uruguay

In 2022, shipments abroad of concrete reinforcing bars increased by 237% to X tons, rising for the second year in a row after eight years of decline. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 8,219% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, concrete reinforcing bar exports surged to $X in 2022. In general, exports posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 10,760%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Argentina (X tons) was the main destination for concrete reinforcing bar exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Argentina amounted to +8.8%.

In value terms, Argentina ($X) also remains the key foreign market for concrete reinforcing bars exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Argentina totaled +9.7%.

Export Prices by Country

The average concrete reinforcing bar export price stood at $X per ton in 2022, jumping by 18% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 31% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +0.9% per year.

Concrete Reinforcing Bar Imports

Imports into Uruguay

In 2022, purchases abroad of concrete reinforcing bars decreased by -4.7% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 131%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing bar imports expanded sharply to $X in 2022. In general, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 93%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Argentina (X tons) constituted the largest concrete reinforcing bar supplier to Uruguay, with a 62% share of total imports. Moreover, concrete reinforcing bar imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Argentina amounted to +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-2.1% per year) and Paraguay (+46.0% per year).

In value terms, the largest concrete reinforcing bar suppliers to Uruguay were Argentina ($X), Brazil ($X) and Paraguay ($X), together comprising 99.9% of total imports.

Paraguay, with a CAGR of +48.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average concrete reinforcing bar import price amounted to $X per ton, rising by 20% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 28% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for concrete reinforcing bars in the world?

China remains the largest concrete reinforcing bar consuming country worldwide, accounting for 19% of total volume. Moreover, concrete reinforcing bar consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the largest producers of concrete reinforcing bars in the world?

The countries with the highest volumes of in 2021 were China, Turkey and the United States, with a combined 38% share of global production. These countries were followed by India, Japan, Russia, Brazil, Mexico, Vietnam, the Philippines, Nigeria, Iran and Egypt, which together accounted for a further 34%.

What are the leading suppliers of concrete reinforcing bars to Uruguay?

In value terms, Argentina, Turkey and Brazil appeared to be the largest concrete reinforcing bar suppliers to Uruguay, together comprising 97% of total imports.

What are the leading importers of concrete reinforcing bars from Uruguay?

In value terms, Argentina remains the key foreign market for concrete reinforcing bar exports from Uruguay.

What is the average export price for concrete reinforcing bars in Uruguay?

In 2021, the average concrete reinforcing bar export price amounted to $637 per ton, rising by 2.4% against the previous year.

What is the average import price for concrete reinforcing bars in Uruguay?

The average concrete reinforcing bar import price stood at $514 per ton in 2021, with a decrease of -14.2% against the previous year.

This report provides an in-depth analysis of the concrete reinforcing bar market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 2410T241 - Concrete reinforcing bars
Prodcom 24106210 - Hot-rolled concrete reinforcing bars

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023