Uruguay: Cotton Yarn Market 2025

Cotton Yarn Market Size in Uruguay

After two years of growth, the Uruguayan cotton yarn market decreased by -38.7% to $X in 2022. Overall, consumption showed a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cotton Yarn Exports

Exports from Uruguay

In 2022, the amount of cotton yarn exported from Uruguay reduced sharply to X tons, which is down by -20.8% against the year before. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2014 when exports increased by 134%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton yarn exports contracted sharply to $X in 2022. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 150% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X kg) was the main destination for cotton yarn exports from Uruguay, with a 65% share of total exports. Moreover, cotton yarn exports to Argentina exceeded the volume sent to the second major destination, Norway (X kg), twofold. The third position in this ranking was taken by the United States (X kg), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina amounted to -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+16.0% per year) and the United States (-11.1% per year).

In value terms, the largest markets for cotton yarn exported from Uruguay were Argentina ($X), Norway ($X) and the United States ($X), with a combined 97% share of total exports.

Among the main countries of destination, Norway, with a CAGR of +20.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average cotton yarn export price stood at $X per ton in 2022, shrinking by -3.3% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2019 an increase of 83%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Yarn Imports

Imports into Uruguay

In 2022, approx. X tons of cotton yarn were imported into Uruguay; falling by -43% against 2021. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cotton yarn imports fell notably to $X in 2022. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of cotton yarn to Uruguay, accounting for a 51% share of total imports. Moreover, cotton yarn imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. China (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+1.3% per year) and China (+12.1% per year).

In value terms, the largest cotton yarn suppliers to Uruguay were Argentina ($X), Brazil ($X) and China ($X), together accounting for 85% of total imports. Turkey, Indonesia, Spain, Italy and India lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, Turkey, with a CAGR of +26.0%, saw the highest rates of growth with regard to 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 cotton yarn import price stood at $X per ton in 2022, increasing by 9.6% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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