Uruguay: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Uruguay

In 2021, the Uruguayan ethylene polymer rigid pipes market increased by 215% to $X, rising for the second year in a row after four years of decline. Overall, consumption recorded a buoyant expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Uruguay

After six years of growth, shipments abroad of rigid tubes, pipes and hoses of polymers of ethylene decreased by -27.7% to X tons in 2021. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2017 with an increase of 202%. The exports peaked at X tons in 2020, and then dropped dramatically in the following year.

In value terms, ethylene polymer rigid pipes exports dropped to $X in 2021. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 173%. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Argentina (X tons) was the main destination for ethylene polymer rigid pipes exports from Uruguay, with a 66% share of total exports. Moreover, ethylene polymer rigid pipes exports to Argentina exceeded the volume sent to the second major destination, Brazil (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Argentina amounted to +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+171.2% per year) and Free Zones (+37.9% per year).

In value terms, Argentina ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Uruguay, comprising 53% of total exports. The second position in the ranking was taken by Brazil ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Argentina totaled +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+90.7% per year) and Free Zones (+35.7% per year).

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, picking up by 18% against the previous year. Overall, the export price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2020 when the average export price increased by 18% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Argentina ($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 Free Zones (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Uruguay

In 2021, purchases abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by 205% to X tons, rising for the second consecutive year after four years of decline. Overall, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 221% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, ethylene polymer rigid pipes imports surged to $X in 2021. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 303%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Spain (X tons), Brazil (X tons) and Chile (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Uruguay, together comprising 50% of total imports. Mexico, Italy, Austria, South Korea, China, Turkey and the United States lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +96.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer rigid pipes suppliers to Uruguay were Spain ($X), Brazil ($X) and Chile ($X), together comprising 48% of total imports. These countries were followed by Italy, Mexico, Austria, South Korea, China, the United States and Turkey, which together accounted for a further 18%.

Austria, with a CAGR of +88.7%, saw the highest growth rate of 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 ethylene polymer rigid pipes import price amounted to $X per ton, falling by -1.8% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of 25% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :