Uruguay: Artificial Fur Market 2022

Artificial Fur Market Size in Uruguay

In 2021, the Uruguayan artificial fur market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a abrupt decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Artificial Fur Production in Uruguay

In value terms, artificial fur production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Artificial fur production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Artificial Fur Exports

Exports from Uruguay

In 2021, shipments abroad of artificial fur decreased by -X% to X kg, falling for the second year in a row after three years of growth. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, artificial fur exports shrank to $X in 2021. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2020, and then shrank in the following year.

Exports by Country

Pakistan (X kg) was the main destination for artificial fur exports from Uruguay, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Pakistan amounted to +X%.

In value terms, Pakistan ($X) also remains the key foreign market for artificial fur exports from Uruguay.

From 2012 to 2021, the average annual growth rate of value to Pakistan amounted to +X%.

Export Prices by Country

The average artificial fur export price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Pakistan.

From 2012 to 2021, the rate of growth in terms of prices for Pakistan amounted to -X% per year.

Artificial Fur Imports

Imports into Uruguay

In 2021, after two years of growth, there was significant decline in supplies from abroad of artificial fur, when their volume decreased by -X% to X kg. Over the period under review, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X kg. From 2017 to 2021, the growth imports remained at a lower figure.

In value terms, artificial fur imports declined notably to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X kg) constituted the largest supplier of artificial fur to Uruguay, with a X% share of total imports. Moreover, artificial fur imports from the United States exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X kg), more than tenfold. China (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and China (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of artificial fur to Uruguay, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with an X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and Canada (+X% per year).

Import Prices by Country

The average artificial fur import price stood at $X per ton in 2021, dropping by -X% against the previous year. In general, the import price showed a abrupt contraction. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform