Uruguay: Safety Glass Market 2024

Safety Glass Market Size in Uruguay

The Uruguayan safety glass market soared to $X in 2022, picking up by 37% 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, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.3% against 2020 indices. Safety glass consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Safety Glass Exports

Exports from Uruguay

In 2022, overseas shipments of safety glass increased by 9.5% to X square meters, rising for the third consecutive year after four years of decline. Over the period under review, exports, however, recorded a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 51%. Over the period under review, the exports attained the maximum at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, safety glass exports reduced to $X in 2022. Overall, exports, however, continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 130% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X square meters), Paraguay (X square meters) and Free Zones (X square meters) were the main destinations of safety glass exports from Uruguay, with a combined 4.9% share of total exports. The United States, Brazil and Guatemala lagged somewhat behind, together comprising a further 1.5%.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for safety glass exports from Uruguay, comprising 4.3% of total exports. The second position in the ranking was held by the United States ($X), with a 2.1% share of total exports. It was followed by Free Zones, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.9% per year) and Free Zones (0.0% per year).

Export Prices by Country

In 2021, the average safety glass export price amounted to $X per square meter, surging by 18% against the previous year. Over the period under review, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 115% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Argentina ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+25.3%), while the prices for the other major destinations experienced mixed trend patterns.

Safety Glass Imports

Imports into Uruguay

In 2022, the amount of safety glass imported into Uruguay soared to X square meters, increasing by 29% on 2021 figures. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 69%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, safety glass imports surged to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.0% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 41%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Argentina (X square meters), China (X square meters) and Brazil (X square meters) were the main suppliers of safety glass imports to Uruguay, together accounting for 83% of total imports. Paraguay lagged somewhat behind, comprising a further 4.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Paraguay (with a CAGR of +82.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and Argentina ($X) appeared to be the largest safety glass suppliers to Uruguay, together accounting for 89% of total imports. These countries were followed by Paraguay, which accounted for a further 5.3%.

Paraguay, with a CAGR of +63.9%, saw the highest rates of growth with regard to 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

In 2021, the average safety glass import price amounted to $X per square meter, with an increase of 3% against the previous year. Over the period under review, the import price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 4.4%. Over the period under review, average import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Brazil ($X per square meter), while the price for Argentina ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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