Uruguay: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Uruguay

The Uruguayan threaded metal articles market surged to $X in 2021, with an increase of 36% 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). Over the period under review, consumption recorded a pronounced expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Threaded Metal Articles Exports

Exports from Uruguay

In 2021, after three years of growth, there was significant decline in shipments abroad of threaded articles of iron or steel, when their volume decreased by -52.7% to X kg. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 277% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, threaded metal articles exports dropped dramatically to $X in 2021. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 288% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X kg) was the main destination for threaded metal articles exports from Uruguay, accounting for a 69% share of total exports. Moreover, threaded metal articles exports to Norway exceeded the volume sent to the second major destination, Serbia (X kg), tenfold. Canada (X kg) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+57.0% per year) and Canada (+32.2% per year).

In value terms, the largest markets for threaded metal articles exported from Uruguay were Slovenia ($X), Serbia ($X) and Singapore ($X), with a combined 49% share of total exports.

Among the main countries of destination, Serbia, with a CAGR of +63.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average threaded metal articles export price amounted to $X per ton, declining by -17.9% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 148% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Norway ($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 Singapore (+73.3%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Metal Articles Imports

Imports into Uruguay

In 2021, imports of threaded articles of iron or steel into Uruguay skyrocketed to X tons, jumping by 20% against the previous year. Overall, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.8% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 101%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, threaded metal articles imports skyrocketed to $X in 2021. Over the period under review, imports showed a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of 92%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of threaded metal articles to Uruguay, accounting for a 59% share of total imports. Moreover, threaded metal articles imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+5.4% per year) and Argentina (-6.0% per year).

In value terms, China ($X) constituted the largest supplier of threaded articles of iron or steel to Uruguay, comprising 45% of total imports. The second position in the ranking was taken by Brazil ($X), with a 19% share of total imports. It was followed by Argentina, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+0.8% per year) and Argentina (-14.5% per year).

Import Prices by Country

The average threaded metal articles import price stood at $X per ton in 2021, jumping by 19% against the previous year. Overall, the import price, however, recorded a pronounced decline. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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