Waxes; Artificial, Prepared Price in Uruguay - 2022

Contents:

1. Waxes; Artificial, Prepared Price in Uruguay (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Uruguay (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Uruguay
4. Waxes; Artificial, Prepared Exports in Uruguay

Waxes; Artificial, Prepared Price in Uruguay (CIF) - 2022

The average waxes; artificial, prepared import price stood at $4,374 per ton in 2022, picking up by 32% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($7,110 per ton), while the price for Spain ($3,463 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Uruguay (FOB) - 2022

The average waxes; artificial, prepared export price stood at $2,517 per ton in 2022, rising by 34% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 36%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($11,090 per ton), while the average price for exports to Argentina totaled $2,309 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Uruguay

In 2022, the amount of waxes; artificial, prepared imported into Uruguay dropped notably to 258 tons, with a decrease of -15.6% on the previous year. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 306 tons, and then fell dramatically in the following year.

In value terms, waxes; artificial, prepared imports expanded notably to $1.1M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Waxes; Artificial, Prepared to Uruguay in 2022:

1. Spain (89.6 tons)
2. United States (71.7 tons)
3. Germany (34.0 tons)
4. Brazil (32.8 tons)
5. Argentina (11.7 tons)
6. Belgium (9.1 tons)

Waxes; Artificial, Prepared Exports in Uruguay

Waxes; artificial, prepared exports from Uruguay contracted markedly to 35 tons in 2022, reducing by -51.5% compared with 2021 figures. In general, exports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 163% against the previous year. As a result, the exports attained the peak of 73 tons, and then reduced rapidly in the following year.

In value terms, waxes; artificial, prepared exports shrank notably to $89K in 2022. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 108%. As a result, the exports reached the peak of $136K, and then shrank rapidly in the following year.

Top Export Markets for Waxes; Artificial, Prepared from Uruguay in 2022:

1. Argentina (34.5 tons)
2. Free Zones (0.8 tons)

Source: IndexBox Market Intelligence Platform