Uruguay: Nonwoven Fabric Market 2024

Nonwoven Fabric Exports

Exports from Uruguay

In 2022, after ten years of growth, there was significant decline in overseas shipments of nonwoven fabrics, when their volume decreased by -36% to X tons. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 256% against the previous year. The exports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, nonwoven fabric exports fell notably to $X in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 316% against the previous year. The exports peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Mexico (X tons) was the main destination for nonwoven fabric exports from Uruguay, with a 9.4% share of total exports. Moreover, nonwoven fabric exports to Mexico exceeded the volume sent to the second major destination, Peru (X tons), twofold. The third position in this ranking was held by Brazil (X tons), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+10.9% per year) and Brazil (-4.1% per year).

In value terms, the largest markets for nonwoven fabric exported from Uruguay were Mexico ($X), Brazil ($X) and Peru ($X), with a combined 23% share of total exports.

Mexico, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nonwoven fabric export price amounted to $X per ton, which is down by -12.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 17%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Nonwoven Fabric Imports

Imports into Uruguay

After three years of growth, supplies from abroad of nonwoven fabrics decreased by -13.5% to X tons in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 40% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, nonwoven fabric imports dropped to $X in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of 34%. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

Brazil (X tons), China (X tons) and Argentina (X tons) were the main suppliers of nonwoven fabric imports to Uruguay, with a combined 59% share of total imports. Paraguay, Israel, Italy and Germany lagged somewhat behind, together accounting for a further 9.3%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and Argentina ($X) constituted the largest nonwoven fabric suppliers to Uruguay, with a combined 51% share of total imports. These countries were followed by Germany, Paraguay, Italy and Israel, which together accounted for a further 9.9%.

Among the main suppliers, Germany, with a CAGR of +30.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average nonwoven fabric import price amounted to $X per ton, picking up by 6.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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