Uruguay: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Uruguay

The Uruguayan market for parts of apparatus of hs soared to $X in 2021, rising by 31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.7% against 2016 indices. Parts of apparatus of hs consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports of Parts Of Apparatus Of Hs

Exports from Uruguay

In 2021, overseas shipments of parts of apparatus of hs were finally on the rise to reach X units after two years of decline. In general, exports, however, saw a deep slump. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, parts of apparatus of hs exports surged to $X in 2021. Overall, exports showed noticeable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X units) was the main destination for parts of apparatus of hs exports from Uruguay, accounting for a 67% share of total exports. Moreover, parts of apparatus of hs exports to Paraguay exceeded the volume sent to the second major destination, Panama (X units), fivefold. The third position in this ranking was held by Chile (X units), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Paraguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-20.6% per year) and Chile (+85.2% per year).

In value terms, Paraguay ($X) emerged as the key foreign market for parts of apparatus of hs exports from Uruguay, comprising 81% of total exports. The second position in the ranking was taken by Chile ($X), with a 9.4% share of total exports. It was followed by Panama, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Paraguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+124.7% per year) and Panama (-17.5% per year).

Export Prices by Country

In 2021, the average export price for parts of apparatus of hs amounted to $X per unit, remaining stable against the previous year. Overall, the export price saw resilient growth. The growth pace was the most rapid in 2017 when the average export price increased by 185% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Chile ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+157.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Uruguay

In 2021, approx. X units of parts of apparatus of hs were imported into Uruguay; increasing by 17% compared with 2020. In general, imports, however, continue to indicate a slight curtailment. The growth pace was the most rapid in 2017 with an increase of 36%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, parts of apparatus of hs imports surged to $X in 2021. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.3% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by 44% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of parts of apparatus of hs to Uruguay, accounting for a 104% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fourfold. Malaysia (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+26.1% per year) and Malaysia (+10.3% per year).

In value terms, China ($X) constituted the largest supplier of parts of apparatus of hs to Uruguay, comprising 36% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+24.6% per year) and the United Arab Emirates (+21.4% per year).

Import Prices by Country

In 2021, the average import price for parts of apparatus of hs amounted to $X per unit, surging by 14% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of apparatus of hs import price increased by +72.8% against 2014 indices. The pace of growth appeared the most rapid in 2020 an increase of 24% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+45.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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