Uruguay: Polyamide Market 2025

Polyamide Market Size in Uruguay

In 2021, the Uruguayan polyamide market increased by 50% to $X, rising for the second consecutive year after three years of decline. In general, consumption continues to indicate strong growth. Polyamide consumption peaked in 2021 and is expected to retain growth in years to come.

Polyamide Exports

Exports from Uruguay

In 2021, overseas shipments of polyamides (in primary forms) decreased by -58.4% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 480%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, polyamide exports reduced remarkably to $X in 2021. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2015 when exports increased by 606% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for polyamide exports from Uruguay, with a 55% share of total exports. Moreover, polyamide exports to Hong Kong SAR exceeded the volume sent to the second major destination, Brazil (X kg), threefold. Lao People's Democratic Republic (X kg) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-27.2% per year) and Lao People's Democratic Republic (0.0% per year).

In value terms, the largest markets for polyamide exported from Uruguay were Brazil ($X), Hong Kong SAR ($X) and Thailand ($X), together comprising 93% of total exports. These countries were followed by Chile and Lao People's Democratic Republic, which together accounted for a further 6.4%.

Lao People's Democratic Republic, with a CAGR of 0.0%, 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 polyamide export price stood at $X per ton in 2021, growing by 28% against the previous year. Overall, the export price showed a noticeable expansion. The pace of growth was the most pronounced in 2019 an increase of 37%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Thailand (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyamide Imports

Imports into Uruguay

In 2021, supplies from abroad of polyamides (in primary forms) increased by 32% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded resilient growth. The growth pace was the most rapid in 2020 when imports increased by 129%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, polyamide imports soared to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 73% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Germany (X tons) and Brazil (X tons) were the main suppliers of polyamide imports to Uruguay, together comprising 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +22.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyamide suppliers to Uruguay were Germany ($X), China ($X) and Brazil ($X), with a combined 71% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +18.5%, recorded 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 polyamide import price stood at $X per ton in 2021, jumping by 20% against the previous year. Overall, the import price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 30%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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