Uruguay: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Uruguay

The Uruguayan plastic household ware market surged to $X in 2021, picking up by 24% against the previous year. The market value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Household Ware Production in Uruguay

In value terms, plastic household ware production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 2.6% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped slightly in the following year.

Plastic Household Ware Exports

Exports from Uruguay

In 2021, exports of plastics household articles and toilet articles from Uruguay surged to X tons, increasing by 67% against the year before. In general, exports, however, recorded a dramatic decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 68%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, plastic household ware exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a dramatic setback. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons), Chile (X tons) and El Salvador (X tons) were the main destinations of plastic household ware exports from Uruguay, with a combined 77% share of total exports. These countries were followed by Argentina, the United Arab Emirates, Brazil, Bolivia and the United States, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +403.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic household ware exported from Uruguay were Chile ($X), Paraguay ($X) and Brazil ($X), together accounting for 75% of total exports. These countries were followed by El Salvador, Argentina, the United States, Bolivia and the United Arab Emirates, which together accounted for a further 21%.

The United Arab Emirates, with a CAGR of +116.2%, saw the highest growth rate of the value of exports, in terms of 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 plastic household ware export price stood at $X per ton in 2021, growing by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 34%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 El Salvador (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into Uruguay

After two years of decline, purchases abroad of plastics household articles and toilet articles increased by 15% to X tons in 2021. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, plastic household ware imports soared to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), China (X tons) and Argentina (X tons) were the main suppliers of plastic household ware imports to Uruguay, with a combined 79% share of total imports. Colombia, Turkey, Chile, Mexico and the United States lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic household ware suppliers to Uruguay were China ($X), Brazil ($X) and Argentina ($X), with a combined 76% share of total imports. These countries were followed by Colombia, Turkey, Chile, Mexico and the United States, which together accounted for a further 12%.

Among the main suppliers, Turkey, with a CAGR of +29.1%, saw the highest growth rate of 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 plastic household ware import price stood at $X per ton in 2021, with an increase of 12% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :