Uruguay: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Uruguay

The Uruguayan industrial monocarboxylic fatty acids market reduced to $X in 2021, declining by -10.6% against the previous year. Over the period under review, consumption saw a perceptible descent. Industrial monocarboxylic fatty acids consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Industrial Monocarboxylic Fatty Acids in Uruguay

In value terms, industrial monocarboxylic fatty acids production declined to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible decline. The growth pace was the most rapid in 2020 with an increase of 34%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Uruguay

In 2021, overseas shipments of industrial monocarboxylic fatty acids decreased by -22% to X tons, falling for the fifth consecutive year after five years of growth. Overall, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 71%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids exports skyrocketed to $X in 2021. In general, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 71% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Panama (X tons) was the main destination for industrial monocarboxylic fatty acids exports from Uruguay, with a 47% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to Panama exceeded the volume sent to the second major destination, Guatemala (X tons), threefold. South Africa (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Panama totaled +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-57.9% per year) and South Africa (+49.6% per year).

In value terms, Panama ($X) remains the key foreign market for industrial monocarboxylic fatty acids exports from Uruguay, comprising 50% of total exports. The second position in the ranking was held by Guatemala ($X), with a 15% share of total exports. It was followed by South Africa, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Panama amounted to +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-35.7% per year) and South Africa (+55.8% per year).

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, increasing by 55% against the previous year. In general, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids export price increased by +71.1% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Italy ($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 Guatemala (+52.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Uruguay

In 2021, purchases abroad of industrial monocarboxylic fatty acids increased by 94% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 226%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2021. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 241% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) was the main supplier of industrial monocarboxylic fatty acids to Uruguay, with a 95% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina totaled +35.4%.

In value terms, Argentina ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Uruguay, comprising 90% of total imports. The second position in the ranking was held by Brazil ($X), with a 3.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina stood at +27.0%.

Import Prices by Country

In 2021, the average industrial monocarboxylic fatty acids import price amounted to $X per ton, reducing by -2.5% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 7.6% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-6.2%).

Source: IndexBox Platform

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