Uruguay: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Uruguay

The Uruguayan non-alloy aluminium bar market shrank slightly to $X in 2023, dropping by X% against the previous year. Overall, the total consumption indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Non-alloy aluminium bar consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Non-Alloy Aluminium Bar Production in Uruguay

In value terms, non-alloy aluminium bar production shrank to $X in 2023 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Non-Alloy Aluminium Bar Exports

Exports from Uruguay

In 2023, after three years of growth, there was significant decline in overseas shipments of non-alloy aluminium bars, rods and profiles, when their volume decreased by X% to X kg. In general, exports, however, saw a slight expansion. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, non-alloy aluminium bar exports dropped remarkably to $X in 2023. Over the period under review, exports, however, recorded modest growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

Argentina (X kg) was the main destination for non-alloy aluminium bar exports from Uruguay, with a X% share of total exports. It was followed by Colombia (X kg), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Argentina stood at X%.

In value terms, Argentina ($X) remains the key foreign market for non-alloy aluminium bars, rods and profiles exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Argentina stood at X%.

Export Prices by Country

In 2023, the average non-alloy aluminium bar export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2022, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Argentina stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%).

Non-Alloy Aluminium Bar Imports

Imports into Uruguay

In 2023, purchases abroad of non-alloy aluminium bars, rods and profiles increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, non-alloy aluminium bar imports soared to $X in 2023. Overall, imports, however, saw a noticeable curtailment. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest non-alloy aluminium bar supplier to Uruguay, with a X% share of total imports. Moreover, non-alloy aluminium bar imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. Chile (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate 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 Chile (X% per year).

In value terms, China ($X) constituted the largest supplier of non-alloy aluminium bars, rods and profiles to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Spain (X% per year).

Import Prices by Country

In 2023, the average non-alloy aluminium bar import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price saw a perceptible descent. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform