Uruguay: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Uruguay

In 2022, the Uruguayan azo- or azoxy-compounds market increased by 40% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a pronounced slump. Azo- or azoxy-compounds consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Azo- Or Azoxy-Compounds Exports

Exports from Uruguay

Azo- or azoxy-compounds exports from Uruguay skyrocketed to X kg in 2022, growing by 18% on the year before. Over the period under review, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 921% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, azo- or azoxy-compounds exports shrank modestly to $X in 2022. In general, exports, however, faced a precipitous descent. The pace of growth appeared the most rapid in 2018 when exports increased by 605%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Paraguay (X kg) was the main destination for azo- or azoxy-compounds exports from Uruguay, accounting for a 91% share of total exports. Moreover, azo- or azoxy-compounds exports to Paraguay exceeded the volume sent to the second major destination, Brazil (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay stood at -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-27.3% per year) and Argentina (+2.9% per year).

In value terms, Paraguay ($X) remains the key foreign market for diazo-, azo- or azoxy-compounds exports from Uruguay, comprising 85% of total exports. The second position in the ranking was held by Brazil ($X), with an 8.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Paraguay stood at -24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-18.7% per year) and Argentina (-18.3% per year).

Export Prices by Country

In 2022, the average azo- or azoxy-compounds export price amounted to $X per ton, dropping by -18.9% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 84%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 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 Argentina ($X per ton), while the average price for exports to Paraguay ($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 Brazil (+11.9%), while the prices for the other major destinations experienced a decline.

Azo- Or Azoxy-Compounds Imports

Imports into Uruguay

In 2022, supplies from abroad of diazo-, azo- or azoxy-compounds increased by 15% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by 103% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, azo- or azoxy-compounds imports skyrocketed to $X in 2022. Overall, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2016 when imports increased by 108% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and Argentina (X tons) were the main suppliers of azo- or azoxy-compounds imports to Uruguay, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +8.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X), Argentina ($X) and China ($X) appeared to be the largest azo- or azoxy-compounds suppliers to Uruguay, with a combined 93% share of total imports.

Brazil, with a CAGR of +13.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average azo- or azoxy-compounds import price stood at $X per ton in 2022, jumping by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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