Report Update Nov 1, 2024

Uruguay - Slag Wool, Rock Wool and Similar Mineral Wools and Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Mineral Wool Market 2024

Mineral Wool Market Size in Uruguay

The Uruguayan mineral wool market rose to $X in 2021, surging by 4.8% 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, continues to indicate a perceptible decrease. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Mineral Wool Exports

Exports from Uruguay

In 2021, shipments abroad of slag wool, rock wool and similar mineral wools and mixtures decreased by -15.4% to X tons, falling for the fourth year in a row after two years of growth. In general, exports, however, continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2013 when exports increased by 1,283%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, mineral wool exports reduced to $X in 2021. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 724%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Finland (X tons) was the main destination for mineral wool exports from Uruguay, accounting for a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Finland amounted to +33.8%.

In value terms, Finland ($X) also remains the key foreign market for slag wool, rock wool and similar mineral wools and mixtures exports from Uruguay.

From 2012 to 2021, the average annual rate of growth in terms of value to Finland totaled +18.7%.

Export Prices by Country

In 2021, the average mineral wool export price amounted to $X per ton, surging by 1.6% against the previous year. Overall, the export price, however, showed a deep downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Finland.

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to +21.0% per year.

Mineral Wool Imports

Imports into Uruguay

In 2021, approx. X tons of slag wool, rock wool and similar mineral wools and mixtures were imported into Uruguay; surging by 2.4% against the previous year's figure. Overall, imports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 63% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, mineral wool imports totaled $X in 2021. Over the period under review, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2013 when imports increased by 79%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Lithuania (X tons) constituted the largest supplier of mineral wool to Uruguay, with a 6.7% share of total imports. Moreover, mineral wool imports from Lithuania exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was held by China (X tons), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Lithuania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-22.2% per year) and China (-20.3% per year).

In value terms, Lithuania ($X), Brazil ($X) and China ($X) appeared to be the largest mineral wool suppliers to Uruguay, with a combined 14% share of total imports. These countries were followed by the United States, Poland, Spain, the Czech Republic and Colombia, which together accounted for a further 8.5%.

The United States, with a CAGR of +17.7%, recorded 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

The average mineral wool import price stood at $X per ton in 2021, increasing by 1.9% against the previous year. Over the period under review, the import price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2016 an increase of 22%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Czech Republic ($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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool consumption in 2020 were China, the United States and India, together accounting for 55% of global consumption.

What are the largest producers of slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool production in 2020 were China, the United States and India, together comprising 55% of global production. Japan, Russia, Mexico, South Korea, Germany, Spain and Thailand lagged somewhat behind, together accounting for a further 24%.

What are the leading suppliers of slag wool, rock wool and similar mineral wools and mixtures to Uruguay?

In value terms, the largest mineral wool suppliers to Uruguay were China, Brazil and the Netherlands, together accounting for 77% of total imports. The United States, Chile and Spain lagged somewhat behind, together comprising a further 16%.

What is the average export price for slag wool, rock wool and similar mineral wools and mixtures in Uruguay?

The average mineral wool export price stood at $932 per ton in 2018, falling by -9.2% against the previous year.

What is the average import price for slag wool, rock wool and similar mineral wools and mixtures in Uruguay?

In 2020, the average mineral wool import price amounted to $1,596 per ton, shrinking by -13.3% against the previous year.

This report provides an in-depth analysis of the mineral wool market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023