Uruguay: Nail And Bolt Market 2024

Nail And Bolt Market Size in Uruguay

In 2022, the Uruguayan nail and bolt market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated a tangible expansion 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 2019 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Nail And Bolt Production in Uruguay

In value terms, nail and bolt production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Nail and bolt production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Nail And Bolt Exports

Exports from Uruguay

Nail and bolt exports from Uruguay shrank markedly to X tons in 2022, waning by X% on the year before. Overall, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, nail and bolt exports soared to $X in 2022. Over the period under review, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), Chile (X tons) and Paraguay (X kg) were the main destinations of nail and bolt exports from Uruguay, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) emerged as the key foreign market for nails, tacks, staples, screws and bolts exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Paraguay (X% per year).

Export Prices by Country

The average nail and bolt export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Brazil ($X 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 Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Uruguay

After two years of growth, purchases abroad of nails, tacks, staples, screws and bolts decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then reduced modestly in the following year.

In value terms, nail and bolt imports soared to $X in 2022. Overall, total imports indicated a perceptible 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of nail and bolt imports to Uruguay, together comprising X% of total imports. Taiwan (Chinese), Portugal, Italy, the United States and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nail and bolt suppliers to Uruguay were China ($X), Brazil ($X) and Portugal ($X), with a combined X% share of total imports.

Portugal, with a CAGR of X%, recorded 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

The average nail and bolt import price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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