Uruguay: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Uruguay

In 2022, the Uruguayan market for PVC floor, wall and ceiling coverings increased by 1.6% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption, however, recorded a strong expansion. Consumption of peaked in 2022 and is likely to continue growth in the near future.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from Uruguay

In 2022, overseas shipments of PVC floor, wall and ceiling coverings increased by 2,789% to X square meters for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports enjoyed a perceptible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of PVC floor, wall and ceiling coverings soared to $X in 2022. Overall, exports, however, recorded a abrupt decrease. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X square meters) was the main destination for exports of PVC floor, wall and ceiling coverings from Uruguay, accounting for a 96% share of total exports. Moreover, exports of PVC floor, wall and ceiling coverings to Brazil exceeded the volume sent to the second major destination, Chile (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled +62.2%.

In value terms, Brazil ($X) emerged as the key foreign market for PVC floor, wall and ceiling coverings exports from Uruguay, comprising 86% of total exports. The second position in the ranking was taken by Chile ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil totaled +76.1%.

Export Prices by Country

In 2022, the average export price for PVC floor, wall and ceiling coverings amounted to $X per square meter, waning by -69.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 95% against the previous year. As a result, the export price attained the peak level of $X per square meter, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per square meter), while the average price for exports to Brazil totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into Uruguay

In 2022, overseas purchases of PVC floor, wall and ceiling coverings increased by 0.6% to X square meters, rising for the sixth year in a row after two years of decline. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, imports of PVC floor, wall and ceiling coverings totaled $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of PVC floor, wall and ceiling coverings to Uruguay, accounting for a 78% share of total imports. Moreover, imports of PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, South Korea (X square meters), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.9% per year) and Brazil (+6.2% per year).

In value terms, China ($X) constituted the largest supplier of PVC floor, wall and ceiling coverings to Uruguay, comprising 72% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-2.2% per year) and Brazil (+5.8% per year).

Import Prices by Country

The average import price for PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, rising by 2.1% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 15% against the previous year. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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