Uruguay: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Uruguay

The Uruguayan vulcanised cellular rubber articles market was estimated at $X in 2021, growing by 1.7% 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). In general, consumption continues to indicate a perceptible descent. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Uruguay

In 2021, after two years of growth, there was significant decline in overseas shipments of vulcanised cellular rubber articles for technical uses, when their volume decreased by -65.6% to X kg. Overall, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2019 with an increase of 1,433% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, vulcanised cellular rubber articles exports fell markedly to $X in 2021. In general, exports faced a dramatic contraction. The growth pace was the most rapid in 2019 with an increase of 2,092% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for vulcanised cellular rubber articles exports from Uruguay, accounting for a 60% share of total exports. Moreover, vulcanised cellular rubber articles exports to Germany exceeded the volume sent to the second major destination, Argentina (X kg), fourfold. The third position in this ranking was taken by Mexico (X kg), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-1.5% per year) and Mexico (-28.1% per year).

In value terms, the largest markets for vulcanised cellular rubber articles exported from Uruguay were Germany ($X), Argentina ($X) and Chile ($X), together accounting for 84% of total exports.

Germany, with a CAGR of +13.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2021, the average vulcanised cellular rubber articles export price amounted to $X per ton, shrinking by -44.9% against the previous year. Over the period under review, the export price faced a abrupt decrease. The pace of growth was the most pronounced in 2019 an increase of 34% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Argentina ($X per ton), while the average price for exports to Mexico ($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 Argentina (+15.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Uruguay

In 2021, approx. X tons of vulcanised cellular rubber articles for technical uses were imported into Uruguay; waning by -10.5% against the year before. In general, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 76%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles imports totaled $X in 2021. Over the period under review, imports saw a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of 64% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Vietnam (X tons), Spain (X tons) and Sri Lanka (X tons) were the main suppliers of vulcanised cellular rubber articles imports to Uruguay, with a combined 66% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +68.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised cellular rubber articles suppliers to Uruguay were Spain ($X), Vietnam ($X) and the UK ($X), with a combined 51% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +41.3%, saw 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 vulcanised cellular rubber articles import price amounted to $X per ton, rising by 17% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 20%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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