Uruguay: Sulphates Market 2024

Sulphates Market Size in Uruguay

The Uruguayan sulphates market dropped to $X in 2023, waning by X% against the previous year. Over the period under review, consumption saw a pronounced reduction. Sulphates consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Sulphates Production in Uruguay

In value terms, sulphates production stood at $X in 2023 estimated in export price. In general, production saw a deep slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Sulphates Exports

Exports from Uruguay

In 2023, approx. X tons of sulphates (excluding those of aluminium and barium) were exported from Uruguay; growing by X% compared with the previous year's figure. Over the period under review, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, sulphates exports contracted to $X in 2023. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Brazil (X tons) and Paraguay (X tons) were the main destinations of sulphates exports from Uruguay, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and Bolivia ($X) were the largest markets for sulphates exported from Uruguay worldwide, together accounting for X% of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average sulphates export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price saw a noticeable slump. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then declined remarkably in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphates Imports

Imports into Uruguay

In 2023, approx. X tons of sulphates (excluding those of aluminium and barium) were imported into Uruguay; reducing by X% against the year before. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, sulphates imports contracted dramatically to $X in 2023. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of sulphates to Uruguay, with a X% share of total imports. Moreover, sulphates imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Brazil (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: Spain (X% per year) and Brazil (X% per year).

In value terms, the largest sulphates suppliers to Uruguay were China ($X), Brazil ($X) and Spain ($X), with a combined X% share of total imports. Peru, Germany, Mexico, India and Argentina lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Peru, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average sulphates import price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2023: its price 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, sulphates import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then contracted in the following year.

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

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

Source: IndexBox Platform