Uruguay: Quilted Textile Products Market 2025

Quilted Textile Products Market Size in Uruguay

The Uruguayan quilted textile products market rose significantly to $X in 2021, increasing by 7.4% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -23.2% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Quilted Textile Products Production in Uruguay

In value terms, quilted textile products production expanded remarkably to $X in 2021 estimated in export price. In general, production posted a resilient expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 50%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Quilted Textile Products Exports

Exports from Uruguay

In 2020, approx. X tons of quilted textile products in the piece (excluding embroidery) were exported from Uruguay; standing approx. at the year before. Overall, exports saw strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by 19%. The exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, quilted textile products exports stood at $X in 2020. In general, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2014 with an increase of 18%. As a result, the exports reached the peak of $X. From 2015 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for quilted textile products exports from Uruguay, with a approx. 100% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of volume to Argentina was relatively modest.

From 2013 to 2020, the average annual rate of growth in terms of value to Argentina was relatively modest.

Export Prices by Country

The average quilted textile products export price stood at $X per ton in 2020, standing approx. at the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when the average export price decreased by -0.5% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2013 to 2020, the rate of growth in terms of prices for Venezuela amounted to -0.5% per year.

Quilted Textile Products Imports

Imports into Uruguay

In 2021, after two years of growth, there was significant decline in overseas purchases of quilted textile products in the piece (excluding embroidery), when their volume decreased by -44.5% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 174%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, quilted textile products imports fell notably to $X in 2021. Over the period under review, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2019 with an increase of 90% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest quilted textile products supplier to Uruguay, accounting for a 65% share of total imports. Moreover, quilted textile products imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+27.7% per year) and the United States (+13.1% per year).

In value terms, the largest quilted textile products suppliers to Uruguay were China ($X), Egypt ($X) and the United States ($X), with a combined 87% share of total imports. These countries were followed by Brazil and Argentina, which together accounted for a further 10%.

Among the main suppliers, Brazil, with a CAGR of +29.2%, 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 quilted textile products import price stood at $X per ton in 2021, which is down by -15.1% against the previous year. Over the period under review, the import price saw a pronounced setback. The growth pace was the most rapid in 2015 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+20.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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