Uruguay: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Uruguay

In 2021, the Uruguayan market for liquid or compressed air and distilled or conductivity water increased by 80% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed a significant expansion. Liquid air and distilled water consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Uruguay

After two years of growth, shipments abroad of liquid or compressed air and distilled or conductivity water decreased by -84.5% to X kg in 2021. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 680% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid air and distilled water exports fell rapidly to $X in 2021. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 749%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

France (X kg) was the main destination for liquid air and distilled water exports from Uruguay, with a 79% share of total exports. Moreover, liquid air and distilled water exports to France exceeded the volume sent to the second major destination, Italy (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to France stood at +42.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Canada (+4.6% per year).

In value terms, France ($X) emerged as the key foreign market for liquid or compressed air and distilled or conductivity water exports from Uruguay, comprising 82% of total exports. The second position in the ranking was taken by Italy ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Canada (+6.4% per year).

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, which is down by -15% against the previous year. Over the period under review, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Canada ($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 Canada (+1.7%).

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Uruguay

In 2021, purchases abroad of liquid or compressed air and distilled or conductivity water increased by 86% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a significant increase. The growth pace was the most rapid in 2017 when imports increased by 2,206%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid air and distilled water imports skyrocketed to $X in 2021. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 893%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Chile (X tons) and Spain (X tons) were the main suppliers of liquid air and distilled water imports to Uruguay, together accounting for 63% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +422.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Uruguay, comprising 68% of total imports. The second position in the ranking was taken by Israel ($X), with a 15% share of total imports. It was followed by Canada, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile amounted to +158.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+28.4% per year) and Canada (+161.3% per year).

Import Prices by Country

The average import price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, dropping by -28.3% against the previous year. Overall, the import price recorded a significant decline. The pace of growth appeared the most rapid in 2020 an increase of 27% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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