Uruguay: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Uruguay

The Uruguayan prepared additives for cements market reduced to $X in 2022, which is down by -5.7% against the previous year. Over the period under review, consumption showed a mild curtailment. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Prepared Additives For Cements, Mortars Or Concretes in Uruguay

In value terms, prepared additives for cements production declined to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of 32%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Uruguay

In 2022, after three years of decline, there was significant growth in shipments abroad of prepared additives for cements, mortars or concretes, when their volume increased by 42% to X tons. Overall, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 526% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, prepared additives for cements exports fell markedly to $X in 2022. In general, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by 497% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons) was the main destination for prepared additives for cements exports from Uruguay, accounting for a 91% share of total exports. Moreover, prepared additives for cements exports to Paraguay exceeded the volume sent to the second major destination, Argentina (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay amounted to -9.6%.

In value terms, Paraguay ($X) emerged as the key foreign market for prepared additives for cements, mortars or concretes exports from Uruguay, comprising 73% of total exports. The second position in the ranking was held by Argentina ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Paraguay stood at -11.2%.

Export Prices by Country

The average prepared additives for cements export price stood at $X per ton in 2022, shrinking by -41.9% against the previous year. Overall, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2014 an increase of 171%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Paraguay stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+52.4%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Uruguay

In 2022, prepared additives for cements imports into Uruguay expanded rapidly to X tons, with an increase of 5.9% compared with 2021. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2018 with an increase of 150% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, prepared additives for cements imports rose rapidly to $X in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2016 when imports increased by 271%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Brazil (X tons), Argentina (X tons) and China (X tons) were the main suppliers of prepared additives for cements imports to Uruguay, together comprising 86% of total imports. Russia, Mexico, South Korea and the United States lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +157.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to Uruguay, comprising 59% of total imports. The second position in the ranking was held by Argentina ($X), with a 16% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at +103.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+17.7% per year) and China (+72.5% per year).

Import Prices by Country

The average prepared additives for cements import price stood at $X per ton in 2022, increasing by 3.1% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared additives for cements import price increased by +22.1% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 74% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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