Uruguay: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Uruguay

After two years of decline, the Uruguayan lamp plastic parts market increased by 4.1% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Lamp Plastic Parts Exports

Exports from Uruguay

In 2021, overseas shipments of plastic parts for lamps and lighting fittings decreased by 0% to X kg, falling for the fourth consecutive year after two years of growth. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 547%. As a result, the exports attained the peak of X kg. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lamp plastic parts exports stood at $X in 2021. Overall, exports saw a moderate increase. The pace of growth appeared the most rapid in 2017 when exports increased by 853%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Paraguay (X kg) was the main destination for lamp plastic parts exports from Uruguay, with a 70% share of total exports. Moreover, lamp plastic parts exports to Paraguay exceeded the volume sent to the second major destination, Argentina (X kg), threefold. The third position in this ranking was held by Free Zones (X kg), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Paraguay totaled +59.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-6.6% per year) and Free Zones (+11.7% per year).

In value terms, Paraguay ($X), Argentina ($X) and Free Zones ($X) were the largest markets for lamp plastic parts exported from Uruguay worldwide, with a combined 99% share of total exports.

Paraguay, with a CAGR of +27.2%, recorded 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 mixed trend patterns.

Export Prices by Country

The average lamp plastic parts export price stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 47% against the previous year. The export price peaked 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 export markets. In 2021, the country with the highest price was Argentina ($X per ton), while the average price for exports to Costa Rica ($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 (+2.7%), while the prices for the other major destinations experienced a decline.

Lamp Plastic Parts Imports

Imports into Uruguay

In 2021, after two years of decline, there was significant growth in supplies from abroad of plastic parts for lamps and lighting fittings, when their volume increased by 42% to X tons. Over the period under review, imports enjoyed measured growth. The pace of growth appeared the most rapid in 2015 with an increase of 272% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, lamp plastic parts imports declined to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 154%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest lamp plastic parts supplier to Uruguay, accounting for a 74% share of total imports. Moreover, lamp plastic parts imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X kg), more than tenfold. The third position in this ranking was held by Mexico (X kg), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-17.2% per year) and Mexico (+21.1% per year).

In value terms, China ($X) constituted the largest supplier of plastic parts for lamps and lighting fittings to Uruguay, comprising 39% of total imports. The second position in the ranking was held by Spain ($X), with a 6.4% share of total imports. It was followed by Argentina, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.8% per year) and Argentina (-21.0% per year).

Import Prices by Country

In 2021, the average lamp plastic parts import price amounted to $X per ton, falling by -40.2% against the previous year. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 53%. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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