Uruguay: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Uruguay

In 2021, the Uruguayan market for drawn glass and blown glass decreased by -5.5% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, saw a buoyant increase. Drawn glass and blown glass consumption peaked at $X in 2020, and then fell in the following year.

Production of Drawn Glass And Blown Glass in Uruguay

In value terms, drawn glass and blown glass production shrank to $X in 2021 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +50.3% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 12%. Drawn glass and blown glass production peaked at $X in 2020, and then declined in the following year.

Exports of Drawn Glass And Blown Glass

Exports from Uruguay

Drawn glass and blown glass exports from Uruguay shrank notably to X square meters in 2020, waning by -17.6% compared with the year before. Overall, exports recorded a drastic downturn. Over the period under review, the exports attained the peak figure at X square meters in 2019, and then declined dramatically in the following year.

In value terms, drawn glass and blown glass exports skyrocketed to $X in 2020. Over the period under review, exports, however, posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

In value terms, Guatemala ($X) emerged as the key foreign market for drawn glass and blown glass exports from Uruguay, comprising 88% of total exports. The second position in the ranking was held by Slovenia ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Guatemala totaled -7.3%.

Export Prices by Country

In 2020, the average export price for drawn glass and blown glass amounted to $X per square meter, jumping by 599% against the previous year. Overall, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per square meter), while the average price for exports to Slovenia ($X per square meter) was amongst the lowest.

From 2019 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+486.9%).

Imports of Drawn Glass And Blown Glass

Imports into Uruguay

In 2021, purchases abroad of drawn glass and blown glass decreased by -94.8% to X square meters, falling for the second year in a row after three years of growth. In general, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 300% against the previous year. As a result, imports attained the peak of X square meters. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, drawn glass and blown glass imports fell rapidly to $X in 2021. Over the period under review, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 300% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X square meters) constituted the largest drawn glass and blown glass supplier to Uruguay, accounting for a 82% share of total imports. Moreover, drawn glass and blown glass imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the UK (X square meters), eightfold. The third position in this ranking was held by the United States (X square meters), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+53.0% per year) and the United States (+37.0% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of drawn glass and blown glass to Uruguay, comprising 82% of total imports. The second position in the ranking was taken by the UK ($X), with a 9.4% share of total imports. It was followed by the United States, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+41.6% per year) and the United States (+25.7% per year).

Import Prices by Country

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, shrinking by -23% against the previous year. In general, the import price showed a slight downturn. The pace of growth appeared the most rapid in 2015 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per square meter), while the price for the United States ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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