Uruguay: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Uruguay

The Uruguayan industrial fatty alcohols market surged to $X in 2021, jumping by 130% 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). Over the period under review, consumption recorded a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Industrial Fatty Alcohols Exports

Exports from Uruguay

In 2021, overseas shipments of industrial fatty alcohols decreased by -14.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2013 when exports increased by 144% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial fatty alcohols exports contracted significantly to $X in 2021. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 183%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Paraguay (X kg), Spain (X kg) and Bolivia (X kg) were the main destinations of industrial fatty alcohols exports from Uruguay, together comprising 64% of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +40.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for industrial fatty alcohols exports from Uruguay, comprising 39% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 12% share of total exports. It was followed by Paraguay, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+25.7% per year) and Paraguay (+23.1% per year).

Export Prices by Country

In 2021, the average industrial fatty alcohols export price amounted to $X per ton, waning by -12.6% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial fatty alcohols export price decreased by -29.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 57%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-8.1%), while the prices for the other major destinations experienced a decline.

Industrial Fatty Alcohols Imports

Imports into Uruguay

In 2021, imports of industrial fatty alcohols into Uruguay surged to X tons, rising by 141% on the previous year. Over the period under review, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial fatty alcohols imports soared to $X in 2021. In general, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest industrial fatty alcohols supplier to Uruguay, accounting for a 72% share of total imports. Moreover, industrial fatty alcohols imports from Brazil exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold. The third position in this ranking was taken by Malaysia (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled +58.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.6% per year) and Malaysia (+2.5% per year).

In value terms, Brazil ($X) constituted the largest supplier of industrial fatty alcohols to Uruguay, comprising 65% of total imports. The second position in the ranking was taken by India ($X), with a 10% share of total imports. It was followed by Chile, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled +50.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+30.5% per year) and Chile (-3.0% per year).

Import Prices by Country

In 2021, the average industrial fatty alcohols import price amounted to $X per ton, with a decrease of -6.7% against the previous year. Overall, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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