Uruguay: Technical Textiles Market 2024

Technical Textiles Market Size in Uruguay

The Uruguayan technical textiles market expanded slightly to $X in 2022, increasing by X% against the previous year. Overall, 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 decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Technical Textiles Production in Uruguay

In value terms, technical textiles production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Technical textiles production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Technical Textiles Exports

Exports from Uruguay

In 2022, approx. X tons of textile products and articles for technical uses were exported from Uruguay; rising by X% on the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, technical textiles exports rose significantly to $X in 2022. In general, exports, however, showed a precipitous decline. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X tons) was the main destination for technical textiles exports from Uruguay, accounting for a X% share of total exports. Moreover, technical textiles exports to Guatemala exceeded the volume sent to the second major destination, Ecuador (X kg), threefold. El Salvador (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and El Salvador (X% per year).

In value terms, Guatemala ($X), El Salvador ($X) and Serbia ($X) appeared to be the largest markets for technical textiles exported from Uruguay worldwide, together accounting for X% of total exports. Ecuador, Mexico and Paraguay lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average technical textiles export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Guatemala ($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 Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Technical Textiles Imports

Imports into Uruguay

Technical textiles imports into Uruguay stood at X tons in 2022, increasing by X% on the previous year's figure. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, technical textiles imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of technical textiles to Uruguay, with a X% share of total imports. Moreover, technical textiles imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was held by Argentina (X tons), with an X% share.

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

In value terms, the largest technical textiles suppliers to Uruguay were Brazil ($X), China ($X) and Argentina ($X), together accounting for X% of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 technical textiles import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, recorded a pronounced setback. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Portugal ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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