Uruguay: Unvulcanized Rubber Market 2022

Unvulcanized Rubber Market Size in Uruguay

The Uruguayan unvulcanized rubber market was estimated at $X in 2021, growing by X% against the previous year. Overall, consumption, however, saw a prominent expansion. Unvulcanized rubber consumption peaked in 2021 and is expected to retain growth in years to come.

Unvulcanized Rubber Production in Uruguay

In value terms, unvulcanized rubber production contracted modestly to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Unvulcanized Rubber Exports

Exports from Uruguay

After three years of decline, overseas shipments of unvulcanized rubber and articles thereof increased by X% to X tons in 2021. Over the period under review, exports, however, saw a sharp curtailment. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, unvulcanized rubber exports rose sharply to $X in 2021. Overall, exports, however, saw a dramatic descent. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for unvulcanized rubber exports from Uruguay, with a X% share of total exports. Moreover, unvulcanized rubber exports to Brazil exceeded the volume sent to the second major destination, Argentina (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Brazil amounted to -X%.

In value terms, Brazil ($X) remains the key foreign market for unvulcanized rubber exports from Uruguay, comprising X% of total exports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil totaled -X%.

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2021, falling by -X% against the previous year. Over the period under review, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Argentina ($X per ton), while the average price for exports to Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (-X%).

Unvulcanized Rubber Imports

Imports into Uruguay

In 2021, the amount of unvulcanized rubber and articles thereof imported into Uruguay fell markedly to X tons, dropping by -X% on the previous year's figure. In general, imports faced a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, unvulcanized rubber imports declined sharply to $X in 2021. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of unvulcanized rubber to Uruguay, with a X% share of total imports. Moreover, unvulcanized rubber imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was occupied by Argentina (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Argentina (-X% per year).

In value terms, Brazil ($X) constituted the largest supplier of unvulcanized rubber to Uruguay, comprising X% of total imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-X% per year) and China (-X% per year).

Import Prices by Country

In 2021, the average unvulcanized rubber import price amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform