Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Uruguay - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Uruguay (FOB) - 2023
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Uruguay (CIF) - 2022
3. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Uruguay
4. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Uruguay

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Uruguay (FOB) - 2023

The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $2,582 per ton in December 2023, declining by -7.9% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 11% against the previous month. The export price peaked at $3,329 per ton in February 2023; however, from March 2023 to December 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Argentina ($4,029 per ton), while the average price for exports to Brazil amounted to $1,877 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+0.3%).

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Uruguay (CIF) - 2022

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $5,412 per ton in 2022, increasing by 37% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 an increase of 57%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($6,857 per ton), while the price for Spain ($1,689 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Uruguay

In 2022, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from Uruguay surged to 6.5K tons, rising by 71% compared with 2021. In general, exports, however, saw a abrupt slump.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips surged to $20M in 2022. Overall, exports, however, showed a abrupt decline.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Uruguay in 2022:

1. Brazil (5.1K tons)
2. Argentina (1.2K tons)
3. Peru (0.2K tons)

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Uruguay

After three years of growth, overseas purchases of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -54% to 79 tons in 2022. In general, imports saw a noticeable decline. The growth pace was the most rapid in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of 173 tons, and then fell notably in the following year.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips declined rapidly to $430K in 2022. Overall, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 with an increase of 64%. As a result, imports reached the peak of $682K, and then reduced sharply in the following year.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Uruguay in 2022:

1. Brazil (58.8 tons)
2. Spain (25.4 tons)
3. Argentina (8.0 tons)
4. China (5.5 tons)
5. United Kingdom (2.4 tons)

Source: IndexBox Market Intelligence Platform