Uruguay: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Uruguay

For the third year in a row, the Uruguayan market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground recorded growth in sales value, which increased by 34% to $X in 2022. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +99.7% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Uruguay

In 2022, shipments abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by 0% to X square meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 87%. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at X square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X in 2022. Overall, exports saw a slight increase. The growth pace was the most rapid in 2016 with an increase of 90%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Uruguay, with a approx. 100% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to Canada was relatively modest.

From 2014 to 2022, the average annual rate of growth in terms of value to Canada was relatively modest.

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 1.5% against the previous year. The export price peaked at $X per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2014 to 2022, the rate of growth in terms of prices for the United States amounted to -15.7% per year.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Uruguay

For the third consecutive year, Uruguay recorded growth in purchases abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, which increased by 8.5% to X square meters in 2022. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 26% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground surged to $X in 2022. Over the period under review, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 49%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Brazil (X square meters) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Uruguay, with a 54% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X square meters), threefold. The third position in this ranking was taken by the United Arab Emirates (X square meters), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at +48.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+17.5% per year) and the United Arab Emirates (+11.7% per year).

In value terms, Brazil ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Uruguay, comprising 62% of total imports. The second position in the ranking was held by Argentina ($X), with a 9.3% share of total imports. It was followed by China, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +54.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+19.6% per year) and China (-9.0% per year).

Import Prices by Country

In 2022, the average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, rising by 29% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +69.9% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Pakistan ($X per square meter), while the price for Argentina ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+34.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform