Uruguay: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2022

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Uruguay

In 2021, the Uruguayan silicon-electrical steel flat-rolled product market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, faced a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Uruguay

In value terms, silicon-electrical steel flat-rolled product production stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt descent. Silicon-electrical steel flat-rolled product production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Uruguay

In 2021, overseas shipments of flat-rolled products of silicon-electrical steel decreased by -X% to X tons for the first time since 2015, thus ending a five-year rising trend. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2020, and then declined in the following year.

In value terms, silicon-electrical steel flat-rolled product exports contracted to $X in 2021. Overall, total exports indicated moderate growth from 2012 to 2021: its value 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, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2020, and then contracted in the following year.

Exports by Country

China (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Uruguay, accounting for a approx. X% share of total exports.

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

In value terms, China ($X) also remains the key foreign market for silicon-electrical steel flat-rolled product exports from Uruguay.

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

Export Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, recorded a deep setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 China.

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

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Uruguay

In 2021, approx. X tons of flat-rolled products of silicon-electrical steel were imported into Uruguay; with an increase of X% against 2020 figures. In general, imports, however, showed a precipitous setback. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silicon-electrical steel flat-rolled product imports reached $X in 2021. Overall, imports, however, saw a precipitous decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest silicon-electrical steel flat-rolled product supplier to Uruguay, with a X% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from Italy exceeded the figures recorded by the second-largest supplier, Finland (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled -X%.

In value terms, Italy ($X) constituted the largest supplier of silicon-electrical steel flat-rolled product to Uruguay, comprising X% of total imports. The second position in the ranking was occupied by Finland ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to -X%.

Import Prices by Country

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Finland totaled $X per ton.

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

Source: IndexBox Platform