Uruguay: Silk Yarn Market 2021

Silk Yarn Market Size in Uruguay

In 2019, the Uruguayan silk yarn market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a slight slump. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. Silk yarn consumption peaked at $X in 2010; however, from 2011 to 2019, consumption stood at a somewhat lower figure.

Silk Yarn Production in Uruguay

In value terms, silk yarn production amounted to $X in 2019 estimated in export prices. Overall, production saw a slight downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Silk yarn production peaked at $X in 2010; however, from 2011 to 2019, production remained at a lower figure.

Silk Yarn Exports

Exports from Uruguay

In 2019, shipments abroad of silk yarn decreased by X% to X kg, falling for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a strong increase. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Exports peaked at X kg in 2016; however, from 2017 to 2019, exports remained at a lower figure.

In value terms, silk yarn exports totaled $X in 2019. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Chile (X kg) was the main destination for silk yarn exports from Uruguay, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Chile was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to Chile was relatively modest.

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2019, standing approx. at the previous year. Over the period under review, the export price recorded a perceptible downturn. Over the period under review, average export prices attained the peak figure at $X per ton in 2009; however, from 2010 to 2019, 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 Chile.

From 2007 to 2019, the rate of growth in terms of prices for Chile amounted to X% per year.

Silk Yarn Imports

Imports into Uruguay

In 2019, approx. X tons of silk yarn were imported into Uruguay; picking up by X% compared with the previous year. Over the period under review, imports, however, continue to indicate a noticeable contraction. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, silk yarn imports skyrocketed to $X in 2019. In general, imports, however, recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2019, Peru (X tons) was the main silk yarn supplier to Uruguay, with a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Peru totaled +X%.

In value terms, Peru ($X) constituted the largest supplier of silk yarn to Uruguay.

From 2007 to 2019, the average annual rate of growth in terms of value from Peru amounted to +X%.

Import Prices by Country

In 2019, the average silk yarn import price amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price, however, recorded resilient growth. The growth pace was the most rapid in 2015 an increase of X% y-o-y. The import price peaked at $X per ton in 2018, and then fell rapidly in the following year.

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

From 2007 to 2019, the rate of growth in terms of prices for Peru amounted to +X% per year.

Source: IndexBox Platform