Uruguay: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Uruguay

In 2022, the Uruguayan market for floor, wall or ceiling coverings of plastics increased by 10% to $X, rising for the sixth year in a row after two years of decline. Overall, consumption showed a resilient increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Uruguay

In 2022, after three years of decline, there was significant growth in shipments abroad of floor, wall or ceiling coverings of plastics, when their volume increased by 753% to X square meters. Overall, exports continue to indicate a pronounced expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of floor, wall or ceiling coverings of plastics soared to $X in 2022. Over the period under review, exports, however, showed a abrupt contraction. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Uruguay, accounting for a 85% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Brazil exceeded the volume sent to the second major destination, Argentina (X square meters), more than tenfold. Chile (X square meters) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +62.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+14.5% per year) and Chile (-1.8% per year).

In value terms, Brazil ($X) emerged as the key foreign market for floor, wall or ceiling coverings of plastics exports from Uruguay, comprising 73% of total exports. The second position in the ranking was taken by Chile ($X), with a 14% share of total exports. It was followed by Argentina, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil totaled +76.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-1.2% per year) and Argentina (+10.9% per year).

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, waning by -46% against the previous year. In general, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 28%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per square meter), while the average price for exports to Brazil ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Uruguay

In 2022, purchases abroad of floor, wall or ceiling coverings of plastics increased by 8.6% to X square meters, rising for the sixth year in a row after two years of decline. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of floor, wall or ceiling coverings of plastics totaled $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of plastic floor, wall and ceiling coverings to Uruguay, accounting for a 79% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, South Korea (X square meters), ninefold. Brazil (X square meters) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.0% per year) and Brazil (+0.9% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Uruguay, comprising 74% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.8% share of total imports. It was followed by Brazil, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-2.3% per year) and Brazil (-2.2% per year).

Import Prices by Country

The average import price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, with an increase of 2.1% against the previous year. Overall, the import price, however, saw a pronounced decline. The growth pace was the most rapid in 2021 an increase of 17%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per square meter), while the price for Hong Kong SAR ($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 Hong Kong SAR (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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