Key Market Indicators
Uruguay is set to become an increasingly important player in the global cement market. Exports are predicted to reach $11 million by 2026, an increase of 0.8% on the 2021 figure of $10.3 million. This growth has been increasing steadily since 1999, with a year-on-year growth rate of 8.9%. In 2021, Uruguay ranked 68th in the world cement export rankings, behind Guatemala, which came in at $10.3 million. Canada, Germany and the United Arab Emirates respectively ranked second, third and fourth in this ranking. Uruguay's cement imports are projected to reach $6.4 million by 2026, a year-on-year growth rate of 1.6%. Since 1999, imports have remained relatively stable, with a year-on-year growth rate of 0%. In 2021, Uruguay ranked 116th in the world cement import rankings, behind the Solomon Islands at $5.8 million. The Philippines, Sri Lanka and China respectively ranked second, third and fourth in this ranking.
