Uruguay: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Uruguay

In 2021, the Uruguayan market for plastic hoses and hose fittings increased by 11% to $X, rising for the second year in a row after three years of decline. In general, consumption showed a deep reduction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Plastic Hoses and Hose Fittings in Uruguay

In value terms, plastic hose and hose fitting production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, showed a deep downturn. The pace of growth appeared the most rapid in 2016 when the production volume increased by 35%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Uruguay

In 2021, shipments abroad of plastic hoses and hose fittings was finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. Over the period under review, exports, however, showed a drastic downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting exports soared to $X in 2021. Overall, exports, however, recorded a abrupt slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons), Paraguay (X tons) and Bolivia (X tons) were the main destinations of plastic hose and hose fitting exports from Uruguay, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +22.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for plastic hose and hose fitting exported from Uruguay were Argentina ($X), Paraguay ($X) and Bolivia ($X), together accounting for 97% of total exports.

Among the main countries of destination, Argentina, with a CAGR of +19.7%, 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 mixed trend patterns.

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, declining by -28.3% against the previous year. Over the period under review, the export price, however, recorded a mild increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 104%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while the average price for exports to Paraguay ($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 Brazil (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Uruguay

In 2021, after two years of growth, there was significant decline in purchases abroad of plastic hoses and hose fittings, when their volume decreased by -14.8% to X tons. Overall, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +44.9% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 51% against the previous year. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, plastic hose and hose fitting imports rose markedly to $X in 2021. Over the period under review, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.6% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 71%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Argentina (X tons), Brazil (X tons) and China (X tons) were the main suppliers of plastic hose and hose fitting imports to Uruguay, with a combined 68% share of total imports. Spain, Turkey, the United States, Israel and Italy lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +48.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and China ($X) appeared to be the largest plastic hose and hose fitting suppliers to Uruguay, together accounting for 63% of total imports. Spain, the United States, Israel, Turkey and Italy lagged somewhat behind, together accounting for a further 26%.

Turkey, with a CAGR of +34.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, increasing by 29% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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