Uruguay: Industrial Diamonds Market 2022

Industrial Diamonds Market Size in Uruguay

After three years of decline, the Uruguayan industrial diamonds market increased by X% to $X in 2021. In general, consumption, however, saw a pronounced decline. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Industrial Diamonds Production in Uruguay

In value terms, industrial diamonds production shrank markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a prominent increase. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then contracted significantly in the following year.

Industrial Diamonds Exports

Exports from Uruguay

In 2021, overseas shipments of industrial diamonds, dust and powder of precious or semi-precious stones increased by X% to X tons, rising for the seventh year in a row after two years of decline. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, industrial diamonds exports soared to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for industrial diamonds exports from Uruguay, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +X%.

In value terms, the United States ($X) also remains the key foreign market for industrial diamonds exports from Uruguay.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%.

Export Prices by Country

The average industrial diamonds export price stood at $X per kg in 2021, with a decrease of -X% against the previous year. Over the period under review, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per kg. From 2018 to 2021, the the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -X% per year.

Industrial Diamonds Imports

Imports into Uruguay

In 2021, supplies from abroad of industrial diamonds, dust and powder of precious or semi-precious stones was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial diamonds imports shrank modestly to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest industrial diamonds supplier to Uruguay, with a X% share of total imports. Moreover, industrial diamonds imports from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and China (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of industrial diamonds to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and China (-X% per year).

Import Prices by Country

In 2021, the average industrial diamonds import price amounted to $X per kg, waning by -X% against the previous year. Over the period under review, the import price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price reached the peak level of $X per kg, and then shrank dramatically in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per kg), while the price for China ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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