Uruguay: Stranded Wire Market 2024

Stranded Wire Market Size in Uruguay

In 2022, the Uruguayan stranded wire market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Stranded Wire Production in Uruguay

In value terms, stranded wire production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Stranded Wire Exports

Exports from Uruguay

In 2022, approx. X tons of stranded wire, ropes and cables were exported from Uruguay; which is down by X% against 2021 figures. Over the period under review, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, stranded wire exports declined remarkably to $X in 2022. In general, exports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X kg), Brazil (X kg) and Paraguay (X kg) were the main destinations of stranded wire exports from Uruguay, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Free Zones ($X) remains the key foreign market for stranded wire, ropes and cables exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Free Zones totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Paraguay (X% per year).

Export Prices by Country

In 2022, the average stranded wire export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Paraguay ($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 Free Zones (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Uruguay

After two years of growth, purchases abroad of stranded wire, ropes and cables decreased by X% to X tons in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stranded wire imports reduced to $X in 2022. Over the period under review, imports, however, showed a slight increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of stranded wire imports to Uruguay, with a combined X% share of total imports. Spain, Malaysia, Portugal, Turkey and Chile lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stranded wire suppliers to Uruguay were Brazil ($X), China ($X) and Argentina ($X), with a combined X% share of total imports. Malaysia, Spain, Portugal, Turkey and Chile lagged somewhat behind, together accounting for a further X%.

Portugal, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 stranded wire import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price 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, stranded wire import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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