Report Update: May 1, 2024

Uruguay - Iron Or Steel Plaited Bands And Slings - Market Analysis, Forecast, Size, Trends And Insights

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Steel Plaited Band Price in Uruguay - 2022

Steel Plaited Band Price in Uruguay (CIF) - 2022

In 2022, the average steel plaited band import price amounted to $3,110 per ton, falling by -35.6% against the previous year. Over the period under review, the import price showed a mild decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 44% against the previous year. The import price peaked at $5,279 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,910 per ton), while the price for Portugal ($2,100 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced a decline.

Steel Plaited Band Price in Uruguay (FOB) - 2022

The average steel plaited band export price stood at $1,873 per ton in 2022, falling by -75.4% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 227%. Over the period under review, the average export prices attained the maximum at $13,295 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Paraguay.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +205.7% per year.

Steel Plaited Band Imports in Uruguay

For the fourth consecutive year, Uruguay recorded growth in purchases abroad of iron or steel plaited bands and slings, which increased by 27% to 113 tons in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, steel plaited band imports shrank dramatically to $351K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 85%. As a result, imports attained the peak of $430K, and then shrank markedly in the following year.

Import of Steel Plaited Band in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	20.3	58.6	129	175	105.0%
Spain	13.3	3.8	5.9	63.0	67.9%
Portugal	57.4	34.6	6.5	53.8	-2.1%
Argentina	21.6	4.7	5.6	4.9	-39.0%
Namibia	N/A	19.5	N/A	N/A	0%
Vietnam	6.1	9.5	33.5	N/A	134.3%
Panama	11.8	13.3	20.5	N/A	31.8%
Others	140	89.1	229	54.6	-26.9%
Total	270	233	430	351	9.1%

Top Suppliers of Steel Plaited Band to Uruguay in 2022:

China (60.1 tons)
Portugal (25.6 tons)
Spain (25.1 tons)
Argentina (0.6 tons)

Steel Plaited Band Exports in Uruguay

In 2022, the amount of iron or steel plaited bands and slings exported from Uruguay surged to 385 kg, with an increase of 84% on the previous year's figure. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 461%. As a result, the exports reached the peak of 724 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, steel plaited band exports fell dramatically to $721 in 2022. Over the period under review, exports, however, saw a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 303% against the previous year. As a result, the exports reached the peak of $6.9K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Steel Plaited Band in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Paraguay	0.1	0.9	0.1	0.7	91.3%
Germany	1.4	4.2	1.1	N/A	-11.4%
Others	0.1	1.8	0.4	N/A	100.0%
Total	1.7	6.9	1.6	0.7	-25.6%

Top Export Markets for Steel Plaited Band from Uruguay in 2022:

Paraguay (385.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel plaited band market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023