Uruguay: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Uruguay

The Uruguayan non-reinforced rubber tubing market expanded significantly to $X in 2021, growing by 9.4% 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). Overall, consumption, however, showed a slight decrease. Non-reinforced rubber tubing consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Non-Reinforced Rubber Tubing Exports

Exports from Uruguay

After four years of growth, overseas shipments of rubber tubing not reinforced decreased by -40.7% to X kg in 2021. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 168% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2020, and then fell significantly in the following year.

In value terms, non-reinforced rubber tubing exports shrank dramatically to $X in 2021. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 415%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg), Germany (X kg) and Paraguay (X kg) were the main destinations of non-reinforced rubber tubing exports from Uruguay, together comprising 72% of total exports.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +27.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-reinforced rubber tubing exported from Uruguay were Germany ($X), the United States ($X) and Austria ($X), together accounting for 73% of total exports. These countries were followed by Brazil, Paraguay, Mexico and Free Zones, which together accounted for a further 9.9%.

Among the main countries of destination, Brazil, with a CAGR of +41.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-reinforced rubber tubing export price stood at $X per ton in 2021, reducing by -23% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 92%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Paraguay ($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 Brazil (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports into Uruguay

In 2021, approx. X tons of rubber tubing not reinforced were imported into Uruguay; surging by 4.1% compared with the previous year. Overall, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2017 when imports increased by 82% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, non-reinforced rubber tubing imports rose significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 73% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons), Brazil (X tons) and China (X tons) were the main suppliers of non-reinforced rubber tubing imports to Uruguay, with a combined 41% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +12.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest non-reinforced rubber tubing suppliers to Uruguay were the United States ($X), Brazil ($X) and Italy ($X), together comprising 39% of total imports.

Brazil, with a CAGR of +6.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-reinforced rubber tubing import price stood at $X per ton in 2021, surging by 4.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 an increase of 14%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in years to come.

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 Germany ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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