Uruguay: Market for Rubber-to-Metal and Moulded Articles 2025

Market Size for Rubber-to-Metal and Moulded Articles in Uruguay

In 2021, after two years of decline, there was significant growth in the Uruguayan rubber-to-metal and moulded article market, when its value increased by 118% to $X. Over the period under review, consumption enjoyed perceptible growth. Rubber-to-metal and moulded article consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Uruguay

In 2021, rubber-to-metal and moulded article exports from Uruguay contracted sharply to X tons, declining by -43.7% against the previous year's figure. In general, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 157%. The exports peaked at X tons in 2020, and then reduced notably in the following year.

In value terms, rubber-to-metal and moulded article exports contracted rapidly to $X in 2021. Over the period under review, exports recorded a slight shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 191% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted notably in the following year.

Exports by Country

Paraguay (X tons) was the main destination for rubber-to-metal and moulded article exports from Uruguay, with a 74% share of total exports. Moreover, rubber-to-metal and moulded article exports to Paraguay exceeded the volume sent to the second major destination, Free Zones (X kg), more than tenfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (-2.1% per year) and the United Arab Emirates (+82.4% per year).

In value terms, Paraguay ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Uruguay, comprising 60% of total exports. The second position in the ranking was taken by Free Zones ($X), with a 10% share of total exports. It was followed by Peru, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Paraguay amounted to +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+9.2% per year) and Peru (+169.1% per year).

Export Prices by Country

The average rubber-to-metal and moulded article export price stood at $X per ton in 2021, with an increase of 12% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rubber-to-metal and moulded article export price decreased by -13.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 46%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the United Arab Emirates ($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 Peru (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Uruguay

In 2021, supplies from abroad of rubber-to-metal and moulded articles was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw tangible growth. The most prominent rate of growth was recorded in 2013 when imports increased by 87%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Uruguay, together comprising 59% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +39.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and Argentina ($X) appeared to be the largest rubber-to-metal and moulded article suppliers to Uruguay, together accounting for 39% of total imports. These countries were followed by the United States, Thailand, Spain and India, which together accounted for a further 13%.

The United States, with a CAGR of +30.6%, saw the highest growth rate of 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 rubber-to-metal and moulded article import price amounted to $X per ton, jumping by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, 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 ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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