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

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

After two years of growth, the Uruguayan market for rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -0.4% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Uruguay

In value terms, vinyl chloride polymer rigid pipes production amounted to $X in 2022 estimated in export price. In general, production showed a slight decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by 57% against the previous year. Vinyl chloride polymer rigid pipes production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Uruguay

Vinyl chloride polymer rigid pipes exports from Uruguay reduced dramatically to X tons in 2022, falling by -41.3% on the year before. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 666%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes exports shrank markedly to $X in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 652% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) and Free Zones (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from Uruguay.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +7.2%).

In value terms, Brazil ($X) and Free Zones ($X) appeared to be the largest markets for vinyl chloride polymer rigid pipes exported from Uruguay worldwide.

In terms of the main countries of destination, Brazil, with a CAGR of +5.7%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, surging by 18% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price increased by +94.8% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Free Zones stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Uruguay

In 2022, imports of rigid tubes, pipes and hoses of polymers of vinyl chloride into Uruguay fell remarkably to X tons, with a decrease of -19.8% compared with 2021. Overall, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 142% against the previous year. As a result, imports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, vinyl chloride polymer rigid pipes imports shrank to $X in 2022. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 157% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Argentina (X tons), Paraguay (X tons) and Chile (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Uruguay, together comprising 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +35.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vinyl chloride polymer rigid pipes suppliers to Uruguay were Argentina ($X), Paraguay ($X) and Brazil ($X), with a combined 88% share of total imports.

Among the main suppliers, Paraguay, with a CAGR of +24.4%, recorded 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

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, rising by 8.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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