Report Update Nov 1, 2024

Uruguay - Copper; bars, rods and profiles - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Uruguay

For the third year in a row, the Uruguayan market for copper bars, rods and profiles recorded growth in sales value, which increased by 84% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Copper bar, rod and profile consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports from Uruguay

In 2022, approx. X kg of copper bars, rods and profiles were exported from Uruguay; dropping by -90.9% on 2021 figures. In general, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2016 with an increase of 1,900%. Over the period under review, the exports attained the maximum at X kg in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports soared to $X in 2022. Overall, exports, however, posted tangible growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,689% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X kg) was the main destination for copper bar, rod and profile exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Argentina was relatively modest.

In value terms, Argentina ($X) emerged as the key foreign market for copper bars, rods and profiles exports from Uruguay.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina was relatively modest.

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, picking up by 1,428% against the previous year. Over the period under review, the export price saw a significant expansion. As a result, the export price attained the peak level and is likely to continue 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 Ecuador amounted to +23.5% per year.

Imports of Copper Bars, Rods and Profiles

Imports into Uruguay

In 2022, copper bar, rod and profile imports into Uruguay surged to X tons, growing by 91% against the year before. In general, imports, however, continue to indicate a pronounced contraction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile imports surged to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of copper bar, rod and profile to Uruguay, accounting for a 46% share of total imports. Moreover, copper bar, rod and profile imports from Chile exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Chile totaled +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.2% per year) and Brazil (-3.9% per year).

In value terms, Chile ($X), France ($X) and Brazil ($X) constituted the largest copper bar, rod and profile suppliers to Uruguay, with a combined 75% share of total imports. Argentina, Spain, Turkey and India lagged somewhat behind, together accounting for a further 20%.

Spain, with a CAGR of +54.3%, recorded 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 more modest paces of growth.

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, reducing by -6% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price increased by +56.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 56%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.0%), 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 copper; bars, rods and profiles in the world?

China remains the largest copper; bars, rods and profiles consuming country worldwide, accounting for 22% of total volume. Moreover, copper; bars, rods and profiles 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 an 8.9% share.

What are the largest producers of copper; bars, rods and profiles in the world?

The country with the largest volume of copper; bars, rods and profiles production was China, comprising approx. 21% of total volume. Moreover, copper; bars, rods and profiles production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.5% share.

What are the leading suppliers of copper; bars, rods and profiles to Uruguay?

In value terms, France constituted the largest supplier of copper; bars, rods and profiles to Uruguay, comprising 31% of total imports. The second position in the ranking was occupied by Argentina, with a 15% share of total imports. It was followed by Brazil, with a 14% share.

What are the leading importers of copper; bars, rods and profiles from Uruguay?

In value terms, Free Zones remains the key foreign market for copper; bars, rods and profiles exports from Uruguay, comprising 98% of total exports. The second position in the ranking was occupied by Spain $45), with a 1.2% share of total exports.

What is the average export price for copper; bars, rods and profiles in Uruguay?

The average export price for copper; bars, rods and profiles stood at $7,906 per ton in 2021, with an increase of 86% against the previous year.

What is the average import price for copper; bars, rods and profiles in Uruguay?

The average import price for copper; bars, rods and profiles stood at $7,666 per ton in 2021, falling by -7.9% against the previous year.

This report provides an in-depth analysis of the market for copper bar, rod and profile 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 24442200 - Copper and copper alloy bars, rods, profiles and hollow profiles (excluding bars and rods obtained by casting or sintering, copper wire rod in coils)

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