Uruguay: Knitted Fabric Market 2024

Knitted Fabric Market Size in Uruguay

In 2022, the Uruguayan knitted fabric market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Knitted Fabric Production in Uruguay

In value terms, knitted fabric production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Knitted Fabric Exports

Exports from Uruguay

In 2022, shipments abroad of knitted or crocheted fabrics increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, saw a noticeable reduction. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, knitted fabric exports surged to $X in 2022. In general, exports, however, showed a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for knitted fabric exports from Uruguay, accounting for a X% share of total exports. Moreover, knitted fabric exports to Mexico exceeded the volume sent to the second major destination, Brazil (X tons), threefold. The third position in this ranking was held by Argentina (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Argentina (X% per year).

In value terms, the largest markets for knitted fabric exported from Uruguay were Mexico ($X), Brazil ($X) and Argentina ($X), together accounting for X% of total exports.

Among the main countries of destination, Mexico, with a CAGR of X%, 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

The average knitted fabric export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The growth pace was the most rapid in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Fabric Imports

Imports into Uruguay

In 2022, knitted fabric imports into Uruguay contracted modestly to X tons, which is down by X% on the year before. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, knitted fabric imports surged to $X in 2022. Over the period under review, imports showed a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of knitted fabric to Uruguay, accounting for a X% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Italy (X% per year).

In value terms, the largest knitted fabric suppliers to Uruguay were China ($X), Brazil ($X) and Italy ($X), with a combined X% share of total imports. Chile, Portugal, Peru, Hungary, India and Argentina lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Portugal, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average knitted fabric import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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