Uruguay: Filter Paper Market 2024

Filter Paper Market Size in Uruguay

The Uruguayan filter paper market declined to $X in 2021, reducing by -3.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then reduced modestly in the following year.

Filter Paper Exports

Exports from Uruguay

In 2021, overseas shipments of filter paper and paperboard cut to shape increased by 200% to X kg, rising for the third year in a row after two years of decline. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 350% against the previous year. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, filter paper exports soared to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 417% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X kg) was the main destination for filter paper exports from Uruguay, accounting for a approx. 89% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Chile amounted to +68.2%.

In value terms, Chile ($X) emerged as the key foreign market for filter paper and paperboard cut to shape exports from Uruguay, comprising 53% of total exports. The second position in the ranking was held by Paraguay ($X), with a 22% share of total exports. It was followed by Bolivia, with a 20% share.

From 2012 to 2021, the average annual growth rate of value to Chile amounted to +172.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+26.8% per year) and Bolivia (+4.6% per year).

Export Prices by Country

The average filter paper export price stood at $X per ton in 2021, shrinking by -19.5% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of 821%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+46.7%), while the prices for the other major destinations experienced more modest paces of growth.

Filter Paper Imports

Imports into Uruguay

In 2021, after two years of growth, there was decline in purchases abroad of filter paper and paperboard cut to shape, when their volume decreased by -1.6% to X tons. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +8.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, filter paper imports dropped modestly to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 13% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then declined in the following year.

Imports by Country

Germany (X tons), Brazil (X tons) and China (X tons) were the main suppliers of filter paper imports to Uruguay, with a combined 59% share of total imports. These countries were followed by Spain, the UK, Turkey and the United States, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +43.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of filter paper and paperboard cut to shape to Uruguay, comprising 26% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by Brazil, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.9% per year) and Brazil (-4.3% per year).

Import Prices by Country

The average filter paper import price stood at $X per ton in 2021, shrinking by -2.4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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