Uruguay: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in Uruguay

In 2022, the Uruguayan plastic tableware and kitchenware market increased by 23% to $X, rising for the second consecutive year after three years of decline. In general, consumption recorded resilient growth. Plastic tableware and kitchenware consumption peaked at $X in 2017; afterwards, it flattened through to 2022.

Exports of Plastic Tableware And Kitchenware

Exports from Uruguay

In 2022, approx. X kg of plastic tableware and kitchenware were exported from Uruguay; which is down by -91.6% on the previous year's figure. Over the period under review, exports saw a significant curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 168%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, plastic tableware and kitchenware exports dropped notably to $X in 2022. In general, exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2018 when exports increased by 135%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X kg) was the main destination for plastic tableware and kitchenware exports from Uruguay, with a 61% share of total exports. Moreover, plastic tableware and kitchenware exports to Bolivia exceeded the volume sent to the second major destination, Argentina (X kg), fivefold. The third position in this ranking was held by Panama (X kg), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-35.9% per year) and Panama (0.0% per year).

In value terms, Bolivia ($X), the United States ($X) and Argentina ($X) constituted the largest markets for plastic tableware and kitchenware exported from Uruguay worldwide, with a combined 82% share of total exports.

Bolivia, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average plastic tableware and kitchenware export price stood at $X per ton in 2022, surging by 9.2% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic tableware and kitchenware export price decreased by -0.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 35% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bolivia ($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 (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Tableware And Kitchenware

Imports into Uruguay

In 2022, overseas purchases of plastic tableware and kitchenware increased by 14% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, plastic tableware and kitchenware imports surged to $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Brazil (X tons), China (X tons) and Colombia (X tons) were the main suppliers of plastic tableware and kitchenware imports to Uruguay, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +25.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and Colombia ($X) appeared to be the largest plastic tableware and kitchenware suppliers to Uruguay, together accounting for 74% of total imports.

Colombia, with a CAGR of +26.9%, saw 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 more modest paces of growth.

Import Prices by Country

The average plastic tableware and kitchenware import price stood at $X per ton in 2022, increasing by 7.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. The import price peaked in 2022 and is expected to retain 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 the United States ($X per ton), while the price for Colombia ($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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