Uruguay: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Uruguay

The Uruguayan machine-tool for removing material market surged to $X in 2023, jumping by X% 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). Overall, consumption posted a prominent expansion. Machine-tool for removing material consumption peaked in 2023 and is expected to retain growth in the immediate term.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Uruguay

In 2023, exports of machine-tools for working any material by removal of material from Uruguay surged to X units, growing by X% compared with the previous year's figure. Over the period under review, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material exports skyrocketed to $X in 2023. In general, exports posted a significant expansion. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Brazil (X units) was the main destination for machine-tool for removing material exports from Uruguay, with a X% share of total exports. Moreover, machine-tool for removing material exports to Brazil exceeded the volume sent to the second major destination, Argentina (X units), threefold. Spain (X units) ranked third in terms of total exports with a X% share.

From 2015 to 2023, the average annual growth rate of volume to Brazil totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Spain (X% per year).

In value terms, Argentina ($X) emerged as the key foreign market for machine-tools for working any material by removal of material exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Paraguay, with an X% share.

From 2015 to 2023, the average annual growth rate of value to Argentina totaled X.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Paraguay (X% per year).

Export Prices by Country

In 2023, the average machine-tool for removing material export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price enjoyed a significant expansion. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2015 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Uruguay

In 2023, the amount of machine-tools for working any material by removal of material imported into Uruguay skyrocketed to X units, with an increase of X% compared with 2022 figures. In general, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2023. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest machine-tool for removing material supplier to Uruguay, with a X% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Chile (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Uruguay, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (X% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2023, declining by X% against the previous year. Overall, the import price showed a deep downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform