Uruguay: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Uruguay

The Uruguayan market for prepared glues and other prepared adhesives shrank modestly to $X in 2021, waning by -4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Uruguay

Exports of prepared glues and other prepared adhesives from Uruguay skyrocketed to X tons in 2021, surging by 30% on the previous year. The total export volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 32%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of prepared glues and other prepared adhesives surged to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Romania (X tons) and Chile (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Uruguay, together comprising 56% of total exports. These countries were followed by Bolivia, Latvia, Argentina, Brazil, Paraguay, Costa Rica and Russia, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +49.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared glues and other prepared adhesives exported from Uruguay were Chile ($X), Romania ($X) and Poland ($X), with a combined 62% share of total exports. Latvia, Bolivia, Argentina, Paraguay, Brazil, Costa Rica and Russia lagged somewhat behind, together comprising a further 31%.

Argentina, with a CAGR of +74.9%, recorded 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 export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, picking up by 3.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Brazil ($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 (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Uruguay

Imports of prepared glues and other prepared adhesives into Uruguay rose modestly to X tons in 2021, with an increase of 3.6% compared with the year before. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 49%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of prepared glues and other prepared adhesives amounted to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 21%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Brazil (X tons), Argentina (X tons) and Chile (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Uruguay, with a combined 60% share of total imports. These countries were followed by China, the United States, Mexico, the UK, Spain, Italy, Sweden and Germany, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and the United States ($X) constituted the largest prepared glues and other prepared adhesives suppliers to Uruguay, together comprising 53% of total imports. These countries were followed by China, Chile, Mexico, Germany, the UK, Italy, Spain and Sweden, which together accounted for a further 42%.

The UK, with a CAGR of +12.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 prepared glues and other prepared adhesives amounted to $X per ton, which is down by -2.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, 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 Germany ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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