Uruguay: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Uruguay

The Uruguayan reaction initiators and accelerators market dropped dramatically to $X in 2022, with a decrease of -42.5% 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). In general, consumption continues to indicate a slight curtailment. Reaction initiators and accelerators consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Uruguay

Reaction initiators and accelerators exports from Uruguay declined markedly to X tons in 2022, with a decrease of -68.4% against 2021 figures. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 162% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, reaction initiators and accelerators exports declined sharply to $X in 2022. Over the period under review, exports showed a noticeable setback. The growth pace was the most rapid in 2021 when exports increased by 172% against the previous year. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Belgium (X tons) was the main destination for reaction initiators and accelerators exports from Uruguay, with a 89% share of total exports. Moreover, reaction initiators and accelerators exports to Belgium exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (0.0% per year) and Malaysia (0.0% per year).

In value terms, Belgium ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Uruguay, comprising 89% of total exports. The second position in the ranking was held by Canada ($X), with a 7.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (0.0% per year) and Malaysia (0.0% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, surging by 72% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 236% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Uruguay

In 2022, the amount of reaction initiators, reaction accelerators and catalytic preparations imported into Uruguay shrank significantly to X tons, with a decrease of -52.9% against the year before. Over the period under review, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2014 with an increase of 124%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, reaction initiators and accelerators imports shrank significantly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 70%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of reaction initiators and accelerators to Uruguay, accounting for a 84% share of total imports. Moreover, reaction initiators and accelerators imports from Brazil exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-9.5% per year) and India (-14.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Uruguay, comprising 60% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.2% per year) and France (-5.4% per year).

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, increasing by 41% against the previous year. In general, the import price showed a temperate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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