Uruguay: Cotton Fabric Market 2024

Cotton Fabric Market Size in Uruguay

After two years of growth, the Uruguayan cotton fabric market decreased by X% to $X in 2023. In general, consumption showed a abrupt slump. Cotton fabric consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Cotton Fabric Exports

Exports from Uruguay

In 2023, after three years of decline, there was significant growth in shipments abroad of woven fabrics of cotton, when their volume increased by X% to X square meters. Over the period under review, exports, however, saw a significant decrease. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, cotton fabric exports surged to $X in 2023. In general, exports, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X square meters) was the main destination for cotton fabric exports from Uruguay, with a X% share of total exports. Moreover, cotton fabric exports to France exceeded the volume sent to the second major destination, Argentina (X square meters), threefold. The third position in this ranking was held by the United States (X square meters), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and the United States (X% per year).

In value terms, France ($X) remains the key foreign market for woven fabrics of cotton exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average cotton fabric export price amounted to $X per square meter, waning by X% against the previous year. In general, the export price, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2022, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was France ($X per square meter), while the average price for exports to China ($X per square meter) was amongst the lowest.

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

Cotton Fabric Imports

Imports into Uruguay

Cotton fabric imports into Uruguay contracted significantly to X square meters in 2023, shrinking by X% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X square meters in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, cotton fabric imports declined significantly to $X in 2023. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Brazil (X square meters) constituted the largest supplier of cotton fabric to Uruguay, accounting for a X% share of total imports. Moreover, cotton fabric imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. The third position in this ranking was held by Pakistan (X square meters), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Pakistan (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of woven fabrics of cotton to Uruguay, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2023, the average cotton fabric import price amounted to $X per square meter, which is down by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Argentina ($X per square meter), while the price for Pakistan ($X per square meter) 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 a decline.

Source: IndexBox Platform