Uruguay: Woolen Fabric Market 2025

Woolen Fabric Market Size in Uruguay

In 2021, the Uruguayan woolen fabric market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Overall, consumption, however, recorded a abrupt curtailment. Woolen fabric consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Woolen Fabric Production in Uruguay

In value terms, woolen fabric production totaled $X in 2021 estimated in export price. In general, production, however, faced a abrupt downturn. Woolen fabric production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Woolen Fabric Exports

Exports from Uruguay

Woolen fabric exports from Uruguay contracted to X square meters in 2021, which is down by -9% on the year before. In general, exports showed a significant decrease. The smallest decline of -3.2% was in 2020. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, woolen fabric exports soared to $X in 2021. Overall, exports faced a sharp curtailment. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X square meters), the United States (X square meters) and Italy (X square meters) were the main destinations of woolen fabric exports from Uruguay, with a combined 88% 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 France (with a CAGR of +21.7%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X), the United States ($X) and Italy ($X) were the largest markets for woolen fabric exported from Uruguay worldwide, with a combined 87% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +12.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average woolen fabric export price amounted to $X per square meter, increasing by 33% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, woolen fabric export price increased by +89.1% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Guatemala ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Fabric Imports

Imports into Uruguay

In 2021, purchases abroad of woven woolen fabrics was finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt contraction. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, woolen fabric imports skyrocketed to $X in 2021. Overall, imports, however, saw a significant contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X square meters), the United States (X square meters) and Italy (X square meters) were the main suppliers of woolen fabric imports to Uruguay, with a combined 63% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +48.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X), the United States ($X) and Italy ($X) constituted the largest woolen fabric suppliers to Uruguay, with a combined 75% share of total imports.

Brazil, with a CAGR of +32.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average woolen fabric import price amounted to $X per square meter, which is down by -34.6% against the previous year. Over the period under review, the import price showed a deep downturn. The growth pace was the most rapid in 2014 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per square meter), while the price for Italy ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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