Report Update Nov 1, 2024

Uruguay - Hot-Rolled Bars in Bearing Steels - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Market for Hot-Rolled Bars In Bearing Steels 2024

Market Size for Hot-Rolled Bars In Bearing Steels in Uruguay

The Uruguayan hot-rolled bearing steel bar market expanded remarkably to $X in 2022, increasing by 6.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Exports of Hot-Rolled Bars In Bearing Steels

Exports from Uruguay

In 2015, hot-rolled bearing steel bar exports from Uruguay contracted dramatically to X tons, dropping by -71.7% compared with the year before. Over the period under review, exports continue to indicate a significant decline. The exports peaked at X tons in 2014, and then reduced dramatically in the following year.

In value terms, hot-rolled bearing steel bar exports shrank notably to $X in 2015. Overall, exports showed a dramatic curtailment. Over the period under review, the exports hit record highs at $X in 2014, and then declined rapidly in the following year.

Exports by Country

Colombia (X tons) was the main destination for hot-rolled bearing steel bar exports from Uruguay, with a approx. 100% share of total exports.

From 2014 to 2015, the average annual rate of growth in terms of volume to Colombia totaled -71.7%.

In value terms, Colombia ($X) also remains the key foreign market for hot-rolled bars in bearing steels exports from Uruguay.

From 2014 to 2015, the average annual growth rate of value to Colombia amounted to -68.7%.

Export Prices by Country

In 2015, the average hot-rolled bearing steel bar export price amounted to $X per ton, rising by 11% against the previous year. Over the last one-year period, it increased at an average annual rate of +10.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2015, the rate of growth in terms of prices for Colombia amounted to +10.9% per year.

Imports of Hot-Rolled Bars In Bearing Steels

Imports into Uruguay

In 2022, the amount of hot-rolled bars in bearing steels imported into Uruguay dropped to X tons, reducing by -8.6% against the previous year. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 282%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hot-rolled bearing steel bar imports skyrocketed to $X in 2022. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of 241%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of hot-rolled bearing steel bar to Uruguay, with a 71% share of total imports. Moreover, hot-rolled bearing steel bar imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Argentina totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-21.1% per year) and Spain (+135.7% per year).

In value terms, Argentina ($X), Spain ($X) and Brazil ($X) appeared to be the largest hot-rolled bearing steel bar suppliers to Uruguay, with a combined 96% share of total imports.

Among the main suppliers, Spain, with a CAGR of +101.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average hot-rolled bearing steel bar import price stood at $X per ton in 2022, picking up by 32% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 71% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Spain ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in bearing steels in the world?

China remains the largest hot-rolled bearing steel bar consuming country worldwide, comprising approx. 18% of total volume. Moreover, hot-rolled bearing steel bar consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Turkey ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of hot-rolled bars in bearing steels in the world?

China constituted the country with the largest volume of hot-rolled bearing steel bar production, comprising approx. 44% of total volume. Moreover, hot-rolled bearing steel bar production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. Russia ranked third in terms of total production with a 6% share.

What are the leading suppliers of hot-rolled bars in bearing steels to Uruguay?

In value terms, Argentina constituted the largest supplier of hot-rolled bearing steel bar to Uruguay, comprising 69% of total imports. The second position in the ranking was occupied by Brazil, with a 25% share of total imports.

What are the leading importers of hot-rolled bars in bearing steels from Uruguay?

In value terms, Colombia remains the key foreign market for hot-rolled bearing steel bar exports from Uruguay.

What is the average export price for hot-rolled bars in bearing steels in Uruguay?

In 2015, the average hot-rolled bearing steel bar export price amounted to $1,819 per ton, increasing by 11% against the previous year.

What is the average import price for hot-rolled bars in bearing steels in Uruguay?

The average hot-rolled bearing steel bar import price stood at $1,433 per ton in 2021, picking up by 96% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled bearing steel bar 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 24106630 - Hot-rolled bars in bearing steels

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
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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