Uruguay: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Uruguay

The Uruguayan pharmaceutical rubber articles market soared to $X in 2021, growing by 47% 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, however, saw a perceptible contraction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Uruguay

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were exported from Uruguay; growing by 3% compared with the previous year. Overall, exports, however, saw a sharp slump. The growth pace was the most rapid in 2019 with an increase of 244% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, pharmaceutical rubber articles exports fell to $X in 2021. In general, exports, however, recorded a sharp decline. The pace of growth appeared the most rapid in 2019 when exports increased by 223% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X units) was the main destination for pharmaceutical rubber articles exports from Uruguay, with a 86% share of total exports. Moreover, pharmaceutical rubber articles exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina was relatively modest.

In value terms, Argentina ($X) emerged as the key foreign market for hygienic or pharmaceutical articles of rubber exports from Uruguay, comprising 82% of total exports. The second position in the ranking was held by Paraguay ($X), with a 9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Argentina was relatively modest.

Export Prices by Country

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, shrinking by -9.4% against the previous year. Overall, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 15% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Paraguay totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (-10.4%).

Pharmaceutical Rubber Articles Imports

Imports into Uruguay

In 2021, the amount of hygienic or pharmaceutical articles of rubber imported into Uruguay surged to X units, picking up by 40% against the previous year's figure. In general, imports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2017 when imports increased by 85%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, pharmaceutical rubber articles imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 88% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pharmaceutical rubber articles to Uruguay, accounting for a 80% share of total imports. Moreover, pharmaceutical rubber articles imports from China exceeded the figures recorded by the second-largest supplier, India (X units), eightfold. The third position in this ranking was held by France (X units), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.7% per year) and France (+4.6% per year).

In value terms, China ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Uruguay, comprising 56% of total imports. The second position in the ranking was held by India ($X), with a 7.3% share of total imports. It was followed by France, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-7.1% per year) and France (+6.5% per year).

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, rising by 6.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2015 when the average import price increased by 38%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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