Uruguay: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Uruguay

The Uruguayan heterocyclic compound market fell slightly to $X in 2022, flattening at the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Heterocyclic Compound Production in Uruguay

In value terms, heterocyclic compound production reached $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Heterocyclic Compound Exports

Exports from Uruguay

In 2022, shipments abroad of heterocyclic compounds was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, heterocyclic compound exports skyrocketed to $X in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Brazil (X tons), Mexico (X tons) and the United States (X tons) were the main destinations of heterocyclic compound exports from Uruguay, with a combined X% share of total exports. Chile, Argentina, Ecuador, Peru, Costa Rica, the Netherlands, Colombia, Spain and Guatemala lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for heterocyclic compound exported from Uruguay were Brazil ($X), the United States ($X) and Argentina ($X), with a combined X% share of total exports. Chile, Mexico, Ecuador, the Netherlands, Peru, Colombia, Costa Rica, Spain and Guatemala lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Chile, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average heterocyclic compound export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, heterocyclic compound export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Costa Rica ($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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Heterocyclic Compound Imports

Imports into Uruguay

For the third consecutive year, Uruguay recorded decline in overseas purchases of heterocyclic compounds, which decreased by X% to X tons in 2022. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, heterocyclic compound imports skyrocketed to $X in 2022. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of heterocyclic compound to Uruguay, accounting for a X% share of total imports. It was followed by India (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Argentina (X% per year).

In value terms, China ($X) constituted the largest supplier of heterocyclic compounds to Uruguay, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

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

Import Prices by Country

The average heterocyclic compound import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price saw strong growth. 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 Argentina ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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