Uruguay: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Uruguay

For the fourth consecutive year, the Uruguayan paper sack and bag market recorded growth in sales value, which increased by 0.6% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by 6.6% against the previous year. Paper sack and bag consumption peaked in 2021 and is likely to continue growth in the near future.

Production of Paper Sacks And Bags in Uruguay

In value terms, paper sack and bag production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2016 with an increase of 2.4% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced slightly in the following year.

Exports of Paper Sacks And Bags

Exports from Uruguay

Paper sack and bag exports from Uruguay skyrocketed to X tons in 2021, surging by 124% on the previous year. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 659% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, paper sack and bag exports soared to $X in 2021. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 550%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for paper sack and bag exports from Uruguay, with a 57% share of total exports. Moreover, paper sack and bag exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), threefold. Paraguay (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+45.3% per year) and Paraguay (+43.6% per year).

In value terms, the largest markets for paper sack and bag exported from Uruguay were the United States ($X), Paraguay ($X) and Canada ($X), together comprising 84% of total exports.

Canada, with a CAGR of +40.7%, saw the highest growth rate of 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 2021, the average paper sack and bag export price amounted to $X per ton, dropping by -34.7% against the previous year. Over the period under review, the export price, however, saw slight growth. The most prominent rate of growth was recorded in 2014 an increase of 97%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average 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 Paraguay ($X per ton), while the average price for exports to Brazil ($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 the United States (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paper Sacks And Bags

Imports into Uruguay

In 2021, overseas purchases of paper sacks and bags increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, paper sack and bag imports rose significantly to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brazil (X tons), New Zealand (X tons) and Argentina (X tons) were the main suppliers of paper sack and bag imports to Uruguay, together accounting for 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), New Zealand ($X) and Argentina ($X) constituted the largest paper sack and bag suppliers to Uruguay, together accounting for 87% of total imports.

Among the main suppliers, New Zealand, with a CAGR of +24.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average paper sack and bag import price stood at $X per ton in 2021, waning by -4% against the previous year. Over the period under review, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 2.7% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average 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 China ($X per ton), while the price for Brazil ($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 (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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