Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Uruguay - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Uruguay (CIF) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Uruguay (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Uruguay
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Uruguay
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Uruguay (CIF) - 2023
The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $3,442 per ton in December 2023, jumping by 60% against the previous month. Over the period under review, import price indicated a buoyant increase from December 2022 to December 2023: its price increased at an average monthly rate of +5.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for adhesives; prepared, based on rubber or plastics (including artificial resins) increased by +66.7% against September 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 89% against the previous month. As a result, import price attained the peak level of $3,610 per ton. From April 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,938 per ton), while the price for Chile ($1,681 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Chile (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Uruguay (FOB) - 2022
In 2022, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $5,045 per ton, increasing by 13% against the previous year. In general, the export price, however, saw a pronounced decline. The growth pace was the most rapid in 2015 an increase of 96%. Over the period under review, the average export prices attained the maximum at $8,268 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($17,335 per ton), while the average price for exports to Brazil ($1,275 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 Chile (+33.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Uruguay
In 2022, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into Uruguay skyrocketed to 2.6K tons, increasing by 19% compared with the previous year. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) surged to $6.7M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 1,557 | 1,192 | 1,360 | 1,664 | 2.2% |
| Brazil | 1,376 | 1,138 | 1,444 | 1,545 | 3.9% |
| Chile | 542 | 346 | 540 | 778 | 12.8% |
| Mexico | 647 | 814 | 569 | 627 | -1.0% |
| United States | 504 | 356 | 394 | 526 | 1.4% |
| China | 206 | 242 | 147 | 380 | 22.6% |
| Spain | 68.8 | 76.5 | 197 | 271 | 57.9% |
| Sweden | 169 | 63.5 | 149 | 200 | 5.8% |
| Others | 800 | 496 | 670 | 671 | -5.7% |
| Total | 5,870 | 4,724 | 5,469 | 6,662 | 4.3% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Uruguay in 2022:
- Chile (667.2 tons)
- Brazil (641.0 tons)
- Argentina (562.8 tons)
- United States (183.6 tons)
- Mexico (155.3 tons)
- China (130.9 tons)
- Spain (77.9 tons)
- Sweden (77.5 tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Uruguay
In 2022, approx. 11 tons of adhesives; prepared, based on rubber or plastics (including artificial resins) were exported from Uruguay; which is down by -45.3% on the previous year. In general, exports recorded a dramatic slump. The growth pace was the most rapid in 2021 with an increase of 4.1% against the previous year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) reduced sharply to $57K in 2022. Over the period under review, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 44.0 | 58.1 | 39.9 | 35.8 | -6.6% |
| Brazil | 135 | 8.6 | 15.4 | 8.9 | -59.6% |
| Spain | 4.5 | 3.6 | 6.4 | 8.2 | 22.1% |
| Paraguay | 3.3 | N/A | 19.3 | 0.1 | -68.8% |
| Peru | 12.1 | N/A | N/A | N/A | 0% |
| Others | 2.1 | 8.6 | 11.0 | 3.6 | 19.7% |
| Total | 201 | 78.8 | 92.0 | 56.6 | -34.5% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Uruguay in 2022:
- Brazil (6.9 tons)
- Free Zones (3.6 tons)
- Spain (0.5 tons)
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