Uruguay: Curtains Market 2024

Curtains Market Size in Uruguay

The Uruguayan curtains market shrank slightly to $X in 2022, remaining constant against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.6% against 2017 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Curtains Production in Uruguay

In value terms, curtains production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 3.6%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Curtains Exports

Exports from Uruguay

Curtains exports from Uruguay shrank significantly to X square meters in 2022, declining by -60.6% on 2021 figures. Over the period under review, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 140%. As a result, the exports attained the peak of X square meters, and then declined notably in the following year.

In value terms, curtains exports fell significantly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 130% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X square meters) was the main destination for curtains exports from Uruguay, accounting for a 83% share of total exports. Moreover, curtains exports to Argentina exceeded the volume sent to the second major destination, Mozambique (X square meters), tenfold. Free Zones (X square meters) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+6.0% per year) and Free Zones (+52.5% per year).

In value terms, Argentina ($X) remains the key foreign market for curtains and interior blinds exports from Uruguay, comprising 73% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 16% share of total exports. It was followed by Free Zones, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+0.2% per year) and Free Zones (+48.9% per year).

Export Prices by Country

In 2022, the average curtains export price amounted to $X per square meter, increasing by 28% against the previous year. In general, the export price, however, recorded a abrupt contraction. The export price peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per square meter), while the average price for exports to Argentina ($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 Mexico (+3.0%), while the prices for the other major destinations experienced a decline.

Curtains Imports

Imports into Uruguay

In 2022, the amount of curtains and interior blinds imported into Uruguay shrank to X square meters, waning by -8.3% against the previous year. Overall, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.7% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 92%. As a result, imports attained the peak of X square meters. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, curtains imports contracted slightly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 67% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest curtains supplier to Uruguay, accounting for a 89% share of total imports. Moreover, curtains imports from China exceeded the figures recorded by the second-largest supplier, India (X square meters), more than tenfold. Argentina (X square meters) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.4% per year) and Argentina (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of curtains and interior blinds to Uruguay, comprising 79% of total imports. The second position in the ranking was held by Argentina ($X), with a 13% share of total imports. It was followed by India, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-6.2% per year) and India (-8.1% per year).

Import Prices by Country

The average curtains import price stood at $X per square meter in 2022, picking up by 5.7% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per square meter), while the price for India ($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 India (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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