Uruguay: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Uruguay

In 2021, after four years of growth, there was decline in the Uruguayan market for plastic plates, sheets, film, foil and strip, when its value decreased by -5% to $X. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +63.7% against 2014 indices. Consumption of peaked at $X in 2020, and then shrank slightly in the following year.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Uruguay

In value terms, production of plastic plates, sheets, film, foil and strip reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +60.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29%. Production of peaked at $X in 2020, and then declined in the following year.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Uruguay

In 2021, shipments abroad of plastic plates, sheets, film, foil and strip increased by 5.6% to X tons, rising for the fifth consecutive year after four years of decline. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, exports of plastic plates, sheets, film, foil and strip surged to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from Uruguay, with a 53% share of total exports. Moreover, exports of plastic plates, sheets, film, foil and strip to Argentina exceeded the volume sent to the second major destination, Brazil (X tons), twofold. Chile (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina stood at +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-9.1% per year) and Chile (+1.9% per year).

In value terms, Argentina ($X), Brazil ($X) and Chile ($X) appeared to be the largest markets for plastic plate, sheet, film, foil and strip exported from Uruguay worldwide, together comprising 82% of total exports. These countries were followed by the United States, Paraguay and Mexico, which together accounted for a further 6.3%.

The United States, with a CAGR of +29.5%, 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

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, jumping by 27% against the previous year. In general, the export price, however, showed a mild decline. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the 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 Mexico ($X per ton), while the average price for exports to Argentina ($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 (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Uruguay

In 2021, approx. X tons of plastic plates, sheets, film, foil and strip were imported into Uruguay; increasing by 13% against the year before. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of plastic plates, sheets, film, foil and strip soared to $X in 2021. In general, imports showed a relatively flat trend pattern. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X tons), Argentina (X tons) and Spain (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Uruguay, with a combined 73% share of total imports. China, Chile, France and India lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +9.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic plate, sheet, film, foil and strip suppliers to Uruguay were Brazil ($X), Argentina ($X) and China ($X), with a combined 69% share of total imports. These countries were followed by Spain, Chile, France and India, which together accounted for a further 17%.

India, with a CAGR of +9.3%, recorded the highest growth rate of the value of imports, among 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 plates, sheets, film, foil and strip amounted to $X per ton, increasing by 19% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for India ($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 (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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