Price for Dyes; Pigments and Preparations Based Thereon in Uruguay - 2023

Contents:

1. Price for Dyes; Pigments and Preparations Based Thereon in Uruguay (CIF) - 2023
2. Price for Dyes; Pigments and Preparations Based Thereon in Uruguay (FOB) - 2023
3. Imports of Dyes; Pigments and Preparations Based Thereon in Uruguay
4. Exports of Dyes; Pigments and Preparations Based Thereon in Uruguay

Price for Dyes; Pigments and Preparations Based Thereon in Uruguay (CIF) - 2023

In December 2023, the average import price for dyes; pigments and preparations based therea amounted to $5,923 per ton, surging by 7.4% against the previous month. Over the period under review, the import price, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in May 2023 when the average import price increased by 100% m-o-m. The import price peaked at $15,209 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($12,810 per ton), while the price for Argentina ($885 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 Canada (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Dyes; Pigments and Preparations Based Thereon in Uruguay (FOB) - 2023

In December 2023, the average export price for dyes; pigments and preparations based therea amounted to $11,575 per ton, picking up by 4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in June 2023 when the average export price increased by 27% m-o-m. Over the period under review, the average export prices hit record highs at $12,640 per ton in September 2023; however, from October 2023 to December 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Argentina ($13,807 per ton), while the average price for exports to Peru ($7,467 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dyes; Pigments and Preparations Based Thereon in Uruguay

Imports of dyes; pigments and preparations based therea into Uruguay soared to 1K tons in 2022, jumping by 52% against the year before. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of dyes; pigments and preparations based therea skyrocketed to $10M in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Uruguay in 2022:

1. China (462.0 tons)
2. India (180.6 tons)
3. Brazil (175.1 tons)
4. Germany (89.8 tons)
5. United States (45.0 tons)
6. Argentina (20.3 tons)
7. Mexico (19.5 tons)
8. South Korea (10.0 tons)
9. Chile (8.2 tons)

Exports of Dyes; Pigments and Preparations Based Thereon in Uruguay

In 2022, the amount of dyes; pigments and preparations based therea exported from Uruguay shrank to 1K tons, which is down by -10.5% compared with 2021. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. As a result, the exports reached the peak of 1.2K tons, and then declined in the following year.

In value terms, exports of dyes; pigments and preparations based therea expanded modestly to $10M in 2022. The total export value increased at an average annual rate of +9.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Uruguay in 2022:

1. Brazil (523.0 tons)
2. Argentina (147.8 tons)
3. Mexico (139.0 tons)
4. Peru (116.0 tons)
5. Chile (47.2 tons)
6. Ecuador (17.8 tons)
7. South Africa (15.6 tons)

Source: IndexBox Market Intelligence Platform