Uruguay: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Uruguay

The Uruguayan plastic household articles market amounted to $X in 2022, with an increase of 7.4% 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 continues to indicate prominent growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Plastic Household Articles Exports

Exports from Uruguay

After two years of growth, overseas shipments of household articles and toilet articles of plastics decreased by -63.6% to X tons in 2022. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 120%. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, plastic household articles exports shrank sharply to $X in 2022. In general, exports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 91% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons), Chile (X tons) and the United States (X tons) were the main destinations of plastic household articles exports from Uruguay, with a combined 88% share of total exports. Brazil and Argentina lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +102.6%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Chile ($X) and Paraguay ($X) constituted the largest markets for plastic household articles exported from Uruguay worldwide, with a combined 81% share of total exports. Brazil and Argentina lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, Brazil, with a CAGR of +94.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average plastic household articles export price stood at $X per ton in 2022, increasing by 62% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Argentina ($X per ton), while the average price for exports to Paraguay ($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 Argentina (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Uruguay

In 2022, purchases abroad of household articles and toilet articles of plastics increased by 3.7% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by 37%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, plastic household articles imports rose notably to $X in 2022. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of plastic household articles imports to Uruguay, together accounting for 86% of total imports. Chile, Turkey and Germany lagged somewhat behind, together comprising a further 9.5%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +78.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and Argentina ($X) constituted the largest plastic household articles suppliers to Uruguay, with a combined 83% share of total imports. Chile, Turkey and Germany lagged somewhat behind, together accounting for a further 8.7%.

Germany, with a CAGR of +52.6%, 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

The average plastic household articles import price stood at $X per ton in 2022, with an increase of 3.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 8.1% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Chile ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :