Report Update Nov 1, 2024

Uruguay - Glass Fibre Chopped Strands - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Market for Glass Fibre Chopped Strands 2024

Market Size for Glass Fibre Chopped Strands in Uruguay

In 2021, the Uruguayan glass fibre chopped strand market decreased by -47.8% to $X, falling for the fifth consecutive year after five years of growth. Overall, consumption, however, posted resilient growth. Glass fibre chopped strand consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Glass Fibre Chopped Strands

Exports from Uruguay

In 2021, the amount of glass fibre chopped strands exported from Uruguay was estimated at X tons, stabilizing at the previous year. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 19%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, glass fibre chopped strand exports totaled $X in 2021. In general, exports saw a significant increase. The smallest decline of -25.7% was in 2015. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Brazil (X tons) was the main destination for glass fibre chopped strand exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of volume to Brazil stood at +30.0%.

From 2014 to 2021, the average annual growth rate of value to Brazil totaled +31.0%.

Export Prices by Country

The average glass fibre chopped strand export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price saw a perceptible downturn. The growth pace was the most rapid in 2015 when the average export price decreased by -37.5% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2014 to 2021, the rate of growth in terms of prices for Brazil amounted to +0.7% per year.

Imports of Glass Fibre Chopped Strands

Imports into Uruguay

In 2021, purchases abroad of glass fibre chopped strands decreased by -18% to X tons, falling for the fifth consecutive year after five years of growth. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 311%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, glass fibre chopped strand imports reduced modestly to $X in 2021. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 288%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of glass fibre chopped strand to Uruguay, with a 60% share of total imports. Moreover, glass fibre chopped strand imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Malaysia totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.3% per year) and Brazil (+11.9% per year).

In value terms, the largest glass fibre chopped strand suppliers to Uruguay were Malaysia ($X), China ($X) and Brazil ($X), together comprising 98% of total imports.

Malaysia, with a CAGR of +14.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average glass fibre chopped strand import price amounted to $X per ton, with an increase of 19% against the previous year. In general, the import price, however, recorded a slight reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Malaysia ($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 (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibre chopped strands in the world?

China constituted the country with the largest volume of glass fibre chopped strand consumption, comprising approx. 25% of total volume. Moreover, glass fibre chopped strand consumption in China exceeded the figures recorded by the second-largest consumer, Japan, twofold. The United States ranked third in terms of total consumption with a 9.8% share.

What are the largest producers of glass fibre chopped strands in the world?

China constituted the country with the largest volume of glass fibre chopped strand production, comprising approx. 25% of total volume. Moreover, glass fibre chopped strand production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. The United States ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of glass fibre chopped strands to Uruguay?

In value terms, China, Malaysia and Brazil appeared to be the largest glass fibre chopped strand suppliers to Uruguay, together comprising 99% of total imports.

What is the average import price for glass fibre chopped strands in Uruguay?

The average glass fibre chopped strand import price stood at $1,185 per ton in 2021, increasing by 19% against the previous year.

This report provides an in-depth analysis of the market for glass fibre chopped strand in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023