Uruguay: Carbides Market 2022

Carbides Market Size in Uruguay

In 2021, the Uruguayan carbides market increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption showed a tangible expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Carbides Exports

Exports from Uruguay

After two years of decline, overseas shipments of carbides decreased by X% to less than X kg in 2021. Overall, exports posted significant growth. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, carbides exports amounted to less than $X in 2021. In general, exports showed significant growth. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for carbides exports from Uruguay, accounting for a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Peru was relatively modest.

From 2012 to 2018, the average annual rate of growth in terms of value to Peru was relatively modest.

Export Prices by Country

The average carbides export price stood at $X per ton in 2018, flattening at the previous year. Over the period under review, the export price recorded a dramatic curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2018, the export prices stood at a somewhat lower figure.

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

From 2012 to 2018, the rate of growth in terms of prices for Peru amounted to X% per year.

Carbides Imports

Imports into Uruguay

In 2021, overseas purchases of carbides decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, carbides imports soared to $X in 2021. In general, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons) and Slovakia (X tons) were the main suppliers of carbides imports to Uruguay.

From 2012 to 2021, the biggest increases were in Slovakia (with a CAGR of +X value terms, Brazil ($X) and Slovakia ($X) were the largest carbides suppliers to Uruguay.

In terms of the main suppliers, Slovakia, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average carbides import price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, carbides import price increased by +X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Slovakia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+X%).

Source: IndexBox Platform