Uruguay: Organic Pigments Market 2024

Organic Pigments Market Size in Uruguay

The Uruguayan organic pigments market declined to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a perceptible shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Organic Pigments Production in Uruguay

In value terms, organic pigments production declined to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Organic pigments production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Organic Pigments Exports

Exports from Uruguay

In 2022, after two years of growth, there was significant decline in shipments abroad of synthetic organic coloring matter and pigments, when their volume decreased by X% to X tons. In general, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, organic pigments exports totaled $X in 2022. Overall, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons), Argentina (X tons) and Peru (X tons) were the main destinations of organic pigments exports from Uruguay, with a combined X% share of total exports. Mexico, Chile and South Africa lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Mexico ($X) constituted the largest markets for organic pigments exported from Uruguay worldwide, with a combined X% share of total exports.

Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the export price, however, saw a mild reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Mexico ($X per ton) and South Africa ($X per ton), while the average price for exports to Brazil ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced a decline.

Organic Pigments Imports

Imports into Uruguay

In 2022, overseas purchases of synthetic organic coloring matter and pigments increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, organic pigments imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Argentina (X tons), India (X tons) and China (X tons) were the main suppliers of organic pigments imports to Uruguay, together comprising X% of total imports. Brazil, the United States, Germany and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced a decline.

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

Brazil, 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 a decline.

Import Prices by Country

In 2021, the average organic pigments import price amounted to $X per ton, increasing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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