Uruguay: Textile Wadding Market 2024

Textile Wadding Market Size in Uruguay

The Uruguayan textile wadding market skyrocketed to $X in 2022, surging by X% against the previous year. In general, consumption recorded a modest expansion. Textile wadding consumption peaked in 2022 and is expected to retain growth in years to come.

Textile Wadding Production in Uruguay

In value terms, textile wadding production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Textile wadding production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Textile Wadding Exports

Exports from Uruguay

After two years of growth, shipments abroad of wadding of textile materials and articles thereof decreased by X% to X tons in 2022. In general, exports, however, continue to indicate mild growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, textile wadding exports declined rapidly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons) was the main destination for textile wadding exports from Uruguay, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Paraguay amounted to X%.

In value terms, Paraguay ($X) also remains the key foreign market for wadding of textile materials and articles thereof exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Paraguay stood at X%.

Export Prices by Country

The average textile wadding export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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 Argentina amounted to X% per year.

Textile Wadding Imports

Imports into Uruguay

In 2022, the amount of wadding of textile materials and articles thereof imported into Uruguay reduced slightly to X tons, remaining relatively unchanged against the previous year's figure. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, textile wadding imports skyrocketed to $X in 2022. In general, imports, however, showed a tangible expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Paraguay (X tons) constituted the largest supplier of textile wadding to Uruguay, with a X% share of total imports. Moreover, textile wadding imports from Paraguay exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Argentina (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Paraguay was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Argentina (X% per year).

In value terms, Paraguay ($X) constituted the largest supplier of wadding of textile materials and articles thereof to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Paraguay amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and China (X% per year).

Import Prices by Country

The average textile wadding import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price 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, textile wadding import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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