Uruguay: Textile Tubing Market 2024

Textile Tubing Market Size in Uruguay

In 2022, after five years of growth, there was decline in the Uruguayan textile tubing market, when its value decreased by -0.9% to $X. In general, consumption, however, continues to indicate a strong expansion. Textile tubing consumption peaked at $X in 2021, and then dropped in the following year.

Textile Tubing Production in Uruguay

In value terms, textile tubing production shrank to $X in 2022 estimated in export price. Overall, production, however, saw strong growth. The growth pace was the most rapid in 2017 with an increase of 71% against the previous year. Textile tubing production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Textile Tubing Exports

Exports from Uruguay

In 2022, shipments abroad of textile hosepiping and similar textile tubing increased by 17% to X kg, rising for the second year in a row after four years of decline. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 109%. The exports peaked at X kg in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, textile tubing exports rose slightly to $X in 2022. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 154% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X kg), Portugal (X kg) and Brazil (X kg) were the main destinations of textile tubing exports from Uruguay, with a combined 61% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Paraguay ($X), Free Zones ($X) and Brazil ($X) were the largest markets for textile tubing exported from Uruguay worldwide, with a combined 87% share of total exports.

Paraguay, with a CAGR of +0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average textile tubing export price amounted to $X per ton, dropping by -11% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile tubing export price decreased by -24.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 57% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Portugal ($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 Paraguay (+20.3%), while the prices for the other major destinations experienced mixed trend patterns.

Textile Tubing Imports

Imports into Uruguay

In 2022, overseas purchases of textile hosepiping and similar textile tubing decreased by -3% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2013 when imports increased by 54% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, textile tubing imports totaled $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +28.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 39% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest textile tubing supplier to Uruguay, accounting for a 84% share of total imports. Moreover, textile tubing imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-6.9% per year) and Brazil (-1.6% per year).

In value terms, China ($X) constituted the largest supplier of textile hosepiping and similar textile tubing to Uruguay, comprising 71% of total imports. The second position in the ranking was taken by Argentina ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-6.9% per year) and Brazil (+0.8% per year).

Import Prices by Country

In 2022, the average textile tubing import price amounted to $X per ton, surging by 4.2% against the previous year. Over the period under review, the import price, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :