Uruguay: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Uruguay

In 2021, the Uruguayan metal link chain parts market increased by 41% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Uruguay

In 2021, approx. X kg of iron or steel parts of articulated link chain were exported from Uruguay; increasing by 52% compared with 2020 figures. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 287%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, metal link chain parts exports contracted rapidly to $X in 2021. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 504%. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Argentina (X kg) was the main destination for metal link chain parts exports from Uruguay, with a 78% share of total exports. Moreover, metal link chain parts exports to Argentina exceeded the volume sent to the second major destination, the United States (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina totaled +67.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+41.0% per year) and Colombia (+22.0% per year).

In value terms, Argentina ($X) emerged as the key foreign market for iron or steel parts of articulated link chain exports from Uruguay, comprising 62% of total exports. The second position in the ranking was held by the United States ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina totaled +49.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+29.7% per year) and Colombia (+47.5% per year).

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, which is down by -49% against the previous year. Over the period under review, the export price showed a abrupt slump. The growth pace was the most rapid in 2014 when the average export price increased by 60%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Argentina ($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 Colombia (+21.8%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Uruguay

In 2021, overseas purchases of iron or steel parts of articulated link chain increased by 57% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when imports increased by 80%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, metal link chain parts imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 180% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain parts to Uruguay, with a 64% share of total imports. Moreover, metal link chain parts imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X kg), eightfold. The third position in this ranking was held by the United States (X kg), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+112.8% per year) and the United States (+1.7% per year).

In value terms, China ($X), the United States ($X) and Argentina ($X) constituted the largest metal link chain parts suppliers to Uruguay, with a combined 60% share of total imports. These countries were followed by Italy, Sweden, Germany, Taiwan (Chinese), Brazil, Singapore and the Netherlands, which together accounted for a further 23%.

Sweden, with a CAGR of +65.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal link chain parts import price amounted to $X per ton, falling by -16.2% against the previous year. Over the period under review, the import price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2015 an increase of 56%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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