Uruguay: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Uruguay

The Uruguayan man-made filament fabric market skyrocketed to $X in 2021, surging by 32% against the previous year. Over the period under review, consumption, however, recorded a mild downturn. Man-made filament fabric consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Man-Made Filament Fabric Production in Uruguay

In value terms, man-made filament fabric production totaled $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant decrease. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Man-Made Filament Fabric Exports

Exports from Uruguay

In 2021, shipments abroad of woven fabrics of man-made filaments and staple fibers decreased by -43.7% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 83% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, man-made filament fabric exports fell remarkably to $X in 2021. Over the period under review, exports showed a dramatic curtailment. The growth pace was the most rapid in 2019 with an increase of 82%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for man-made filament fabric exports from Uruguay, with a 47% share of total exports. Moreover, man-made filament fabric exports to Argentina exceeded the volume sent to the second major destination, Brazil (X kg), fourfold. Guatemala (X kg) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina amounted to +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-25.4% per year) and Guatemala (-38.9% per year).

In value terms, Argentina ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Uruguay, comprising 36% of total exports. The second position in the ranking was held by Brazil ($X), with an 11% share of total exports. It was followed by Guatemala, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Argentina stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-31.1% per year) and Guatemala (-40.5% per year).

Export Prices by Country

The average man-made filament fabric export price stood at $X per ton in 2021, picking up by 5.4% against the previous year. In general, the export price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 85% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Australia ($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 Mexico (+3.9%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Fabric Imports

Imports into Uruguay

In 2021, supplies from abroad of woven fabrics of man-made filaments and staple fibers increased by 9.5% to X tons, rising for the third year in a row after four years of decline. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 24%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, man-made filament fabric imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of man-made filament fabric to Uruguay, accounting for a 42% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The Philippines (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-7.7% per year) and the Philippines (+47.2% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Uruguay, comprising 24% of total imports. The second position in the ranking was taken by the Philippines ($X), with an 11% share of total imports. It was followed by Romania, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+40.7% per year) and Romania (-3.0% per year).

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to $X per ton, increasing by 25% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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