Uruguay: Woolen Yarn Market 2025

Woolen Yarn Market Size in Uruguay

In 2021, after seven years of decline, there was significant growth in the Uruguayan woolen yarn market, when its value increased by 33% to $X. Over the period under review, consumption, however, recorded a deep setback. Woolen yarn consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Woolen Yarn Production in Uruguay

In value terms, woolen yarn production rose modestly to $X in 2021 estimated in export price. In general, production, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 7.9%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Woolen Yarn Exports

Exports from Uruguay

In 2021, shipments abroad of yarn of wool decreased by -46.1% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports recorded a precipitous shrinkage. The growth pace was the most rapid in 2017 with an increase of 56% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, woolen yarn exports contracted notably to $X in 2021. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by 45%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for woolen yarn exports from Uruguay, accounting for a 37% share of total exports. Moreover, woolen yarn exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.7% per year) and Brazil (-20.0% per year).

In value terms, the United States ($X) remains the key foreign market for yarn of wool exports from Uruguay, comprising 46% of total exports. The second position in the ranking was held by China ($X), with a 9.4% share of total exports. It was followed by Sweden, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+32.6% per year) and Sweden (+25.8% per year).

Export Prices by Country

In 2021, the average woolen yarn export price amounted to $X per ton, surging by 50% against the previous year. Over the period under review, the export price posted a prominent expansion. As a result, the export price attained 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 Sweden ($X per ton), while the average price for exports to Brazil ($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 China (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into Uruguay

Woolen yarn imports into Uruguay soared to X tons in 2021, with an increase of 170% compared with the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, woolen yarn imports skyrocketed to $X in 2021. In general, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), China (X tons) and Peru (X tons) were the main suppliers of woolen yarn imports to Uruguay, together accounting for 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +53.7%), while imports for the other leaders experienced a decline.

In value terms, Italy ($X), China ($X) and Peru ($X) constituted the largest woolen yarn suppliers to Uruguay, together accounting for 86% of total imports.

In terms of the main suppliers, China, with a CAGR of +37.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average woolen yarn import price stood at $X per ton in 2021, reducing by -6.3% against the previous year. Overall, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, woolen yarn import price decreased by -14.1% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 44%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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