Uruguay: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Uruguay

In 2022, the Uruguayan market for organo-sulphur compounds and other organo-inorganic compounds increased by 29% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, saw a abrupt slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Uruguay

In 2022, the amount of organo-sulphur compounds and other organo-inorganic compounds exported from Uruguay dropped dramatically to X tons, which is down by -22.4% against the year before. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 110%. Over the period under review, the exports of attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds reduced modestly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 104%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Kenya (X tons) was the main destination for exports of organo-sulphur compounds and other organo-inorganic compounds from Uruguay, with a 49% share of total exports. Moreover, exports of organo-sulphur compounds and other organo-inorganic compounds to Kenya exceeded the volume sent to the second major destination, Costa Rica (X tons), twofold. The third position in this ranking was taken by Ecuador (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya stood at +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+12.1% per year) and Ecuador (+19.4% per year).

In value terms, Costa Rica ($X), Kenya ($X) and Ecuador ($X) constituted the largest markets for organo-sulphur compounds and other organo-inorganic compounds exported from Uruguay worldwide, together accounting for 80% of total exports. Brazil, Colombia, Paraguay and Bolivia lagged somewhat behind, together accounting for a further 19%.

Bolivia, with a CAGR of +16.4%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, rising by 25% against the previous year. In general, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 39%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Bolivia ($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 Chile (+23.7%), while the prices for the other major destinations experienced a decline.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Uruguay

In 2022, purchases abroad of organo-sulphur compounds and other organo-inorganic compounds increased by 1.9% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 23%. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds skyrocketed to $X in 2022. In general, imports enjoyed a slight increase. The pace of growth was the most pronounced in 2021 with an increase of 83% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest organo-sulphur compounds and other organo-inorganic compounds supplier to Uruguay, accounting for a 66% share of total imports. Moreover, imports of organo-sulphur compounds and other organo-inorganic compounds from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), eightfold. The third position in this ranking was taken by Spain (X tons), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+19.3% per year) and Spain (+81.7% per year).

In value terms, China ($X) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to Uruguay, comprising 76% of total imports. The second position in the ranking was held by the United States ($X), with an 8.1% share of total imports. It was followed by Japan, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.0% per year) and Japan (+15.6% per year).

Import Prices by Country

The average import price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, increasing by 33% against the previous year. In general, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 49%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :