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Report Uruguay - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update May 1, 2025

Uruguay - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Iron Ore Market 2021

Iron Ore Market Size in Uruguay

The Uruguayan iron ore market skyrocketed to $X in 2019, picking up by X% against the previous year. Overall, consumption saw a significant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Iron ore consumption peaked in 2019 and is likely to continue growth in the near future.

Iron Ore Production in Uruguay

In value terms, iron ore production soared to $X in 2019 estimated in export prices. Overall, production continues to indicate a prominent expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Iron Ore Exports

Exports from Uruguay

Iron ore exports from Uruguay contracted markedly to X tons in 2019, which is down by -X% compared with 2018. Overall, exports saw a sharp slump. The smallest decline of -X% was in 2011. Exports peaked at X tons in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, iron ore exports fell markedly to $X in 2019. In general, exports showed a precipitous descent. The smallest decline of -X% was in 2018. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for iron ore exports from Uruguay, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Spain totaled -X%.

In value terms, Spain ($X) also remains the key foreign market for iron ore exports from Uruguay.

From 2007 to 2019, the average annual rate of growth in terms of value to Spain stood at -X%.

Export Prices by Country

In 2019, the average iron ore export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum in 2019 and is expected to retain growth in the immediate term.

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

From 2007 to 2019, the rate of growth in terms of prices for Spain amounted to +X% per year.

Iron Ore Imports

Imports into Uruguay

Iron ore imports into Uruguay surged to X tons in 2019, rising by X% against 2018. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons. From 2018 to 2019, the growth imports remained at a lower figure.

In value terms, iron ore imports reduced rapidly to $X in 2019. Overall, imports showed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Belgium (X tons) was the main iron ore supplier to Uruguay, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Belgium stood at +X%.

In value terms, Belgium ($X) constituted the largest supplier of iron ore to Uruguay.

From 2007 to 2019, the average annual rate of growth in terms of value from Belgium totaled +X%.

Import Prices by Country

In 2019, the average iron ore import price amounted to $X per ton, falling by -X% against the previous year. Overall, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From 2007 to 2019, the rate of growth in terms of prices for Belgium amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of iron ore consumption was China, accounting for 54% of total volume. Moreover, iron ore consumption in China exceeded the figures recorded by the second-largest consumer, India, eightfold. The third position in this ranking was occupied by Australia, with a 6.1% share.
The countries with the highest volumes of iron ore production in 2019 were Australia, Brazil and China, with a combined 70% share of global production.
In value terms, Belgium constituted the largest supplier of iron ore to Uruguay.
In value terms, Spain remains the key foreign market for iron ore exports from Uruguay.
In 2019, the average iron ore export price amounted to $588 per ton, jumping by 39% against the previous year.
The average iron ore import price stood at $460 per ton in 2019, which is down by -93.9% against the previous year.

This report provides an in-depth analysis of the iron ore market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

    Country coverage:

    • Uruguay

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Uruguay
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND THE AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and its Prospects

      1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      5. MARKET FORECAST TO 2035

    4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

      Finding New Products to Diversify Your Business

      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCTS
      4. MOST TRADED PRODUCTS
      5. MOST PROFITABLE PRODUCTS FOR EXPORTS

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Export

      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
      3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
      2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
      3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

    11. LIST OF TABLES

      1. Key Findings In 2024
      2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
      4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
      5. Imports, In Physical Terms, By Country, 2012–2024
      6. Imports, In Value Terms, By Country, 2012–2024
      7. Import Prices, By Country, 2012–2024
      8. Exports, In Physical Terms, By Country, 2012–2024
      9. Exports, In Value Terms, By Country, 2012–2024
      10. Export Prices, By Country, 2012–2024

    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
      3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
      8. Market Volume Forecast to 2035
      9. Market Value Forecast to 2035
      10. Products: Market Size and Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports and Growth, By Type
      13. Products: Export Prices and Growth, By Type
      14. Production Volume and Growth
      15. Exports and Growth
      16. Export Prices and Growth
      17. Market Size and Growth
      18. Per Capita Consumption
      19. Imports and Growth
      20. Import Prices
      21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      25. Imports, In Physical Terms, By Country, 2024
      26. Imports, In Physical Terms, By Country, 2012–2024
      27. Imports, In Value Terms, By Country, 2012–2024
      28. Import Prices, By Country, 2012–2024
      29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
      31. Exports, In Physical Terms, By Country, 2024
      32. Exports, In Physical Terms, By Country, 2012–2024
      33. Exports, In Value Terms, By Country, 2012–2024
      34. Export Prices, By Country, 2012–2024

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