Uruguay: Sulphonamides Market 2024

Sulphonamides Market Size in Uruguay

The Uruguayan sulphonamides market surged to $X in 2021, jumping by 34% 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, saw a perceptible contraction. Sulphonamides consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Sulphonamides Exports

Exports from Uruguay

After two years of growth, overseas shipments of sulphonamides decreased by -85.7% to X tons in 2021. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 3,744% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then dropped significantly in the following year.

In value terms, sulphonamides exports declined dramatically to $X in 2021. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 when exports increased by 4,287% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then declined rapidly in the following year.

Exports by Country

Guatemala (X kg), Venezuela (X kg) and Ecuador (X kg) were the main destinations of sulphonamides exports from Uruguay, together comprising 80% of total exports.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +66.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X) emerged as the key foreign market for sulphonamides exports from Uruguay, comprising 87% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 6.2% share of total exports. It was followed by Ecuador, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Guatemala totaled +52.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+49.3% per year) and Ecuador (-4.2% per year).

Export Prices by Country

The average sulphonamides export price stood at $X per ton in 2021, growing by 365% against the previous year. In general, the export price posted a pronounced increase. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Venezuela ($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 the Dominican Republic (+1,692.5%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphonamides Imports

Imports into Uruguay

In 2021, imports of sulphonamides into Uruguay amounted to X tons, increasing by 4.4% against 2020. Overall, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 167%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sulphonamides imports reduced modestly to $X in 2021. In general, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 111% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest sulphonamides supplier to Uruguay, with a 68% share of total imports. Moreover, sulphonamides imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The United Arab Emirates (X kg) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.6% per year) and the United Arab Emirates (-7.6% per year).

In value terms, the largest sulphonamides suppliers to Uruguay were China ($X), India ($X) and the United Arab Emirates ($X), together comprising 86% of total imports. Italy and Switzerland lagged somewhat behind, together accounting for a further 2.9%.

In terms of the main suppliers, Italy, with a CAGR of +14.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sulphonamides import price stood at $X per ton in 2021, falling by -5.4% against the previous year. Overall, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sulphonamides import price increased by +3.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 92%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :