Uruguay: Stranded Wire Market 2025

Stranded Wire Market Size in Uruguay

In 2021, the Uruguayan stranded wire market increased by 8% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Stranded Wire Production in Uruguay

In value terms, stranded wire production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 4.3%. Stranded wire production peaked at $X in 2020, and then declined in the following year.

Stranded Wire Exports

Exports from Uruguay

In 2021, the amount of stranded wire, ropes and cables exported from Uruguay contracted remarkably to X tons, falling by -63.5% against 2020. Overall, exports saw a dramatic decline. The pace of growth appeared the most rapid in 2015 with an increase of 313%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, stranded wire exports shrank remarkably to $X in 2021. In general, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 226% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Free Zones (X tons) was the main destination for stranded wire exports from Uruguay, with a 62% share of total exports. Moreover, stranded wire exports to Free Zones exceeded the volume sent to the second major destination, Peru (X kg), threefold. The third position in this ranking was taken by Brazil (X kg), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Free Zones totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-46.6% per year) and Brazil (-16.0% per year).

In value terms, Free Zones ($X) emerged as the key foreign market for stranded wire, ropes and cables exports from Uruguay, comprising 80% of total exports. The second position in the ranking was held by Peru ($X), with a 13% share of total exports. It was followed by Brazil, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Free Zones was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-42.1% per year) and Brazil (-3.7% per year).

Export Prices by Country

The average stranded wire export price stood at $X per ton in 2021, with an increase of 127% against the previous year. In general, the export price enjoyed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Germany ($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 Colombia (+55.3%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Uruguay

In 2021, approx. X tons of stranded wire, ropes and cables were imported into Uruguay; increasing by 29% compared with the year before. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 157%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, stranded wire imports soared to $X in 2021. In general, imports saw tangible growth. The pace of growth was the most pronounced in 2014 when imports increased by 118%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Argentina (X tons) constituted the largest stranded wire supplier to Uruguay, with a 22% share of total imports. Moreover, stranded wire imports from Argentina exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. China (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina stood at -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+19.2% per year) and China (-8.2% per year).

In value terms, the largest stranded wire suppliers to Uruguay were Brazil ($X), Argentina ($X) and China ($X), together comprising 52% of total imports. Portugal, Turkey, Spain and Colombia lagged somewhat behind, together comprising a further 11%.

In terms of the main suppliers, Colombia, with a CAGR of +32.9%, 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 2021, the average stranded wire import price amounted to $X per ton, increasing by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2019 an increase of 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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