Uruguay: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Uruguay

The Uruguayan oxygen-function amino-compound market expanded sharply to $X in 2021, growing by 6.1% against the previous year. Over the period under review, consumption recorded a prominent increase. Oxygen-function amino-compound consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Oxygen-Function Amino-Compound Production in Uruguay

In value terms, oxygen-function amino-compound production shrank to $X in 2021 estimated in export price. In general, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 62% against the previous year. Oxygen-function amino-compound production peaked at $X in 2020, and then shrank in the following year.

Oxygen-Function Amino-Compound Exports

Exports from Uruguay

In 2021, exports of oxygen-function amino-compounds from Uruguay declined markedly to X tons, waning by -25.6% compared with 2020. Overall, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2019 when exports increased by 679%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, oxygen-function amino-compound exports contracted remarkably to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 449%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X tons), Trinidad and Tobago (X tons) and Jamaica (X tons) were the main destinations of oxygen-function amino-compound exports from Uruguay, with a combined 87% share of total exports. Peru, Free Zones, Argentina and Paraguay lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +49.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oxygen-function amino-compound exported from Uruguay were Argentina ($X), Trinidad and Tobago ($X) and Ecuador ($X), with a combined 80% share of total exports. These countries were followed by Jamaica, Paraguay, Free Zones and Peru, which together accounted for a further 9.3%.

In terms of the main countries of destination, Peru, with a CAGR of +48.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2021, rising by 5.4% against the previous year. Overall, the export price showed a notable expansion. The most prominent rate of growth was recorded in 2015 an increase of 75% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Jamaica ($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 Argentina (+38.5%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into Uruguay

In 2021, after three years of growth, there was significant decline in purchases abroad of oxygen-function amino-compounds, when their volume decreased by -6.7% to X tons. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 22% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, oxygen-function amino-compound imports skyrocketed to $X in 2021. Over the period under review, imports showed a noticeable shrinkage. 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

Mexico (X tons), China (X tons) and Germany (X tons) were the main suppliers of oxygen-function amino-compound imports to Uruguay, together comprising 53% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +4.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of oxygen-function amino-compounds to Uruguay, comprising 24% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.4% share of total imports. It was followed by Mexico, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-12.5% per year) and Mexico (-5.2% per year).

Import Prices by Country

In 2021, the average oxygen-function amino-compound import price amounted to $X per ton, with an increase of 43% against the previous year. Overall, the import price, however, saw a noticeable slump. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 China ($X per ton), while the price for Mexico ($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 (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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