Uruguay: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Uruguay

In 2022, the Uruguayan market for self-adhesive plastic tape in rolls of a width under 20cm increased by 13% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Uruguay

In 2022, shipments abroad of self-adhesive plastic tape in rolls of a width under 20cm increased by 3.6% to X tons, rising for the second year in a row after two years of decline. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 785% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm rose sharply to $X in 2022. Over the period under review, exports posted a measured increase. The most prominent rate of growth was recorded in 2014 when exports increased by 1,044%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Uruguay, accounting for a 93% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to Spain exceeded the volume sent to the second major destination, Free Zones (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +212.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (-2.7% per year) and Paraguay (-18.6% per year).

In value terms, Spain ($X) remains the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Uruguay, comprising 78% of total exports. The second position in the ranking was taken by Free Zones ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +196.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (-3.2% per year) and Paraguay (-20.2% per year).

Export Prices by Country

In 2022, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, rising by 9.9% against the previous year. In general, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 56% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+13.7%), while the prices for the other major destinations experienced a decline.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Uruguay

In 2022, approx. X tons of self-adhesive plastic tape in rolls of a width under 20cm were imported into Uruguay; increasing by 14% against the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm expanded significantly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 47%. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Uruguay, accounting for a 55% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+9.5% per year) and Brazil (-1.0% per year).

In value terms, China ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Uruguay, comprising 44% of total imports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-4.8% per year) and Taiwan (Chinese) (+7.8% per year).

Import Prices by Country

The average import price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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