Uruguay: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Uruguay

The Uruguayan rubber tube and pipe market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Uruguay

In 2021, shipments abroad of tubes, pipes and hoses of vulcanized rubber increased by 13% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 426%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, rubber tube and pipe exports rose to $X in 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 420% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Free Zones (X tons) and Paraguay (X tons) were the main destinations of rubber tube and pipe exports from Uruguay, with a combined 84% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +202.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Free Zones ($X) and Argentina ($X) constituted the largest markets for rubber tube and pipe exported from Uruguay worldwide, with a combined 75% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +200.2%, recorded the highest rates of growth with regard to 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 rubber tube and pipe export price amounted to $X per ton, shrinking by -9% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rubber tube and pipe export price increased by +5.2% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 110% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Paraguay ($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 Bolivia (+109.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Uruguay

In 2021, supplies from abroad of tubes, pipes and hoses of vulcanized rubber was finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 61% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, rubber tube and pipe imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 42% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of rubber tube and pipe to Uruguay, accounting for a 34% share of total imports. Moreover, rubber tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-6.6% per year) and Spain (+9.6% per year).

In value terms, the largest rubber tube and pipe suppliers to Uruguay were China ($X), Argentina ($X) and the United States ($X), together comprising 44% of total imports. Mexico, Italy, Brazil, Spain, Turkey, Hong Kong SAR and Germany lagged somewhat behind, together accounting for a further 39%.

Hong Kong SAR, with a CAGR of +15.4%, saw 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

In 2021, the average rubber tube and pipe import price amounted to $X per ton, dropping by -6.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hong Kong SAR ($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 (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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