Uruguay: Metal Washer Market 2025

Metal Washer Market Size in Uruguay

The Uruguayan metal washer market surged to $X in 2021, increasing by 43% 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, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +24.1% against 2018 indices. Metal washer consumption peaked in 2021 and is expected to retain growth in the near future.

Metal Washer Exports

Exports from Uruguay

In 2021, approx. X tons of iron or steel washers were exported from Uruguay; picking up by 67% compared with the previous year's figure. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 277%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, metal washer exports expanded markedly to $X in 2021. In general, exports continue to indicate a measured expansion. The growth pace was the most rapid in 2019 with an increase of 212%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons) was the main destination for metal washer exports from Uruguay, accounting for a 96% share of total exports. It was followed by Peru (X kg), with a 1.9% share of total exports. The third position in this ranking was taken by Argentina (X kg), with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia amounted to +115.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-30.3% per year) and Argentina (+24.6% per year).

In value terms, Slovenia ($X) emerged as the key foreign market for iron or steel washers exports from Uruguay, comprising 69% of total exports. The second position in the ranking was held by Peru ($X), with a 19% share of total exports. It was followed by Argentina, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia stood at +72.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-11.9% per year) and Argentina (+68.7% per year).

Export Prices by Country

In 2021, the average metal washer export price amounted to $X per ton, declining by -32.4% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 55% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 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 Peru ($X per ton), while the average price for exports to Slovenia ($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 Argentina (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into Uruguay

Metal washer imports into Uruguay soared to X tons in 2021, picking up by 42% on the year before. Overall, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% 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 increased by +15.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 158% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, metal washer imports surged to $X in 2021. In general, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 126%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of metal washer imports to Uruguay, together accounting for 88% of total imports. These countries were followed by Turkey, Spain, Germany, the United States and India, which together accounted for a further 9.6%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +75.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal washer suppliers to Uruguay were China ($X), Brazil ($X) and the United States ($X), with a combined 60% share of total imports. Germany, Argentina, Turkey, Spain and India lagged somewhat behind, together comprising a further 27%.

Turkey, with a CAGR of +71.3%, recorded the highest rates of growth with regard to the value of imports, among 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 washer import price amounted to $X per ton, surging by 1.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 23%. The import price peaked at $X per ton in 2016; however, from 2017 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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