Uruguay: Wire And Cable Market 2024

Wire And Cable Market Size in Uruguay

For the fourth consecutive year, the Uruguayan wire and cable market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated a buoyant 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 increased by X% against 2018 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Wire And Cable Production in Uruguay

In value terms, wire and cable production expanded modestly to $X in 2022 estimated in export price. In general, production posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wire And Cable Exports

Exports from Uruguay

In 2022, overseas shipments of insulated wire and cable increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wire and cable exports surged to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Argentina (X tons) was the main destination for wire and cable exports from Uruguay, accounting for a X% share of total exports. Moreover, wire and cable exports to Argentina exceeded the volume sent to the second major destination, Free Zones (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Argentina amounted to X%.

In value terms, Argentina ($X) remains the key foreign market for insulated wire and cable exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Free Zones ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Argentina was relatively modest.

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Free Zones totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%).

Wire And Cable Imports

Imports into Uruguay

In 2022, the amount of insulated wire and cable imported into Uruguay surged to X tons, growing by X% on the year before. In general, imports, however, continue to indicate a slight contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wire and cable imports soared to $X in 2022. Over the period under review, imports saw a slight expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), China (X tons) and Mexico (X tons) were the main suppliers of wire and cable imports to Uruguay, together comprising X% of total imports. Spain, Argentina, Turkey, the United States and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and Mexico ($X) were the largest wire and cable suppliers to Uruguay, with a combined X% share of total imports. Spain, Argentina, the United States, Turkey and Japan lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 wire and cable import price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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