Uruguay: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Uruguay

The Uruguayan market for rigid tubes, pipes and hoses, of other polymers skyrocketed to $X in 2022, with an increase of 106% 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, however, showed a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Uruguay

In 2022, approx. less than X kg of rigid tubes, pipes and hoses, of other polymers were exported from Uruguay; declining by 99.9% against 2021 figures. In general, exports recorded a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of 600% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers fell sharply to $X in 2022. Overall, exports saw a perceptible setback. The growth pace was the most rapid in 2017 when exports increased by 1,004% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Singapore (X kg), the Dominican Republic (X kg) and Colombia (X kg) were the main destinations of exports of rigid tubes, pipes and hoses, of other polymers from Uruguay, with a combined 88% share of total exports. Paraguay and Chile lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of +15.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rigid tubes, pipes and hoses, of other polymers exported from Uruguay were Singapore ($X), the Dominican Republic ($X) and Colombia ($X), together accounting for 70% of total exports.

Among the main countries of destination, Colombia, with a CAGR of +26.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Uruguay

In 2022, the amount of rigid tubes, pipes and hoses, of other polymers imported into Uruguay soared to X tons, with an increase of 70% against the year before. Over the period under review, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 243% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers skyrocketed to $X in 2022. Overall, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 131%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of rigid tubes, pipes and hoses, of other polymers to Uruguay, with a 63% share of total imports. Moreover, imports of rigid tubes, pipes and hoses, of other polymers from Brazil exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was taken by Argentina (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+142.8% per year) and Argentina (-29.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of rigid tubes, pipes and hoses, of other polymers to Uruguay, comprising 58% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by Argentina, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+127.4% per year) and Argentina (-29.2% per year).

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, jumping by 35% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for rigid tubes, pipes and hoses, of other polymers increased by +101.4% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 49%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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