Uruguay: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Uruguay

The Uruguayan metal pickling preparations market soared to $X in 2021, increasing by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, faced a abrupt curtailment. Metal pickling preparations consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Metal Pickling Preparations Exports

Exports from Uruguay

In 2021, shipments abroad of pickling preparations for metal surfaces was finally on the rise to reach X tons after four years of decline. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 34,109% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal pickling preparations exports skyrocketed to $X in 2021. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 8,519%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for metal pickling preparations exports from Uruguay, with a 98% share of total exports. It was followed by Serbia (X kg), with a 1.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil totaled +10.7%.

In value terms, Brazil ($X) remains the key foreign market for pickling preparations for metal surfaces exports from Uruguay, comprising 95% of total exports. The second position in the ranking was held by Serbia ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil stood at +12.3%.

Export Prices by Country

In 2021, the average metal pickling preparations export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 277% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Serbia ($X per ton), while the average price for exports to Brazil stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Pickling Preparations Imports

Imports into Uruguay

In 2021, supplies from abroad of pickling preparations for metal surfaces increased by 16% to X tons, rising for the third year in a row after five years of decline. Overall, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 when imports increased by 56%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, metal pickling preparations imports surged to $X in 2021. In general, imports, however, showed a deep setback. The growth pace was the most rapid in 2013 with an increase of 49% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ukraine (X tons), Germany (X tons) and Mexico (X tons) were the main suppliers of metal pickling preparations imports to Uruguay, with a combined 51% share of total imports. These countries were followed by South Africa, Brazil, France, India, Argentina and the United States, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +227.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Brazil ($X) and South Africa ($X) appeared to be the largest metal pickling preparations suppliers to Uruguay, together comprising 42% of total imports.

Among the main suppliers, South Africa, with a CAGR of +331.4%, 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 more modest paces of growth.

Import Prices by Country

The average metal pickling preparations import price stood at $X per ton in 2021, jumping by 20% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal pickling preparations import price decreased by -24.8% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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