Uruguay: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Uruguay

After two years of decline, the Uruguayan halogenated hydrocarbon derivative market increased by 152% to $X in 2022. Overall, consumption continues to indicate a noticeable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Halogenated Hydrocarbon Derivative Exports

Exports from Uruguay

In 2022, overseas shipments of halogenated derivatives of hydrocarbons decreased by -36.7% to X kg, falling for the second consecutive year after three years of growth. Over the period under review, exports showed a precipitous decrease. The growth pace was the most rapid in 2018 when exports increased by 3,833% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative exports declined to $X in 2022. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 5,673%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X kg) was the main destination for halogenated hydrocarbon derivative exports from Uruguay, accounting for a 74% share of total exports. Moreover, halogenated hydrocarbon derivative exports to Brazil exceeded the volume sent to the second major destination, Paraguay (X kg), fivefold. Chile (X kg) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-35.3% per year) and Chile (-30.3% per year).

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Uruguay were Brazil ($X), Free Zones ($X) and Chile ($X), with a combined 88% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of +8.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, surging by 55% against the previous year. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 250% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Uruguay

In 2022, overseas purchases of halogenated derivatives of hydrocarbons were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, halogenated hydrocarbon derivative imports skyrocketed to $X in 2022. In general, imports saw a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of halogenated hydrocarbon derivative to Uruguay, accounting for a 50% share of total imports. Moreover, halogenated hydrocarbon derivative imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was taken by India (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.9% per year) and India (+18.9% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Uruguay, comprising 49% of total imports. The second position in the ranking was held by Israel ($X), with a 16% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+24.6% per year) and the United States (+32.9% per year).

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, surging by 38% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative import price increased by +108.9% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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