Uruguay: Flat Glass Market 2024

Flat Glass Market Size in Uruguay

The Uruguayan flat glass market soared to $X in 2021, picking up by 38% 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). Overall, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.6% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Flat Glass Exports

Exports from Uruguay

In 2021, approx. X tons of flat glass were exported from Uruguay; with an increase of 1,671% compared with the previous year. Overall, exports, however, showed a dramatic slump. The most prominent rate of growth was recorded in 2014 when exports increased by 4,838% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, flat glass exports surged to $X in 2021. In general, exports, however, recorded a sharp reduction. The growth pace was the most rapid in 2014 when exports increased by 861%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for flat glass exports from Uruguay, with a 99% share of total exports. It was followed by the United States (X kg), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Argentina amounted to +14.1%.

In value terms, Argentina ($X) emerged as the key foreign market for flat glass exports from Uruguay, comprising 80% of total exports. The second position in the ranking was held by the United States ($X), with a 6.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Argentina totaled -17.2%.

Export Prices by Country

The average flat glass export price stood at $X per ton in 2021, which is down by -90.4% against the previous year. Overall, the export price saw a abrupt contraction. The growth pace was the most rapid in 2013 an increase of 1,215%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Argentina stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+52.6%), while the prices for the other major destinations experienced a decline.

Flat Glass Imports

Imports into Uruguay

In 2021, flat glass imports into Uruguay soared to X tons, jumping by 17% compared with the year before. In general, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 60% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, flat glass imports soared to $X in 2021. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 +83.5% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), Argentina (X tons) and Algeria (X tons) were the main suppliers of flat glass imports to Uruguay, with a combined 69% share of total imports. These countries were followed by the United Arab Emirates, China, Saudi Arabia, Vietnam and the United States, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +1,267.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of flat glass to Uruguay, comprising 31% of total imports. The second position in the ranking was taken by Argentina ($X), with a 14% share of total imports. It was followed by China, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+12.2% per year) and China (-9.6% per year).

Import Prices by Country

In 2021, the average flat glass import price amounted to $X per ton, surging by 22% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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