Uruguay: Agricultural Forestry Machinery Market 2025

Agricultural Forestry Machinery Exports

Exports from Uruguay

In 2022, overseas shipments of agricultural forestry machinery (lawn or sportsground rollers) were finally on the rise to reach X units after two years of decline. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 5,550%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, agricultural forestry machinery exports skyrocketed to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 4,267% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Paraguay (X units) was the main destination for agricultural forestry machinery exports from Uruguay, with a 58% share of total exports. Moreover, agricultural forestry machinery exports to Paraguay exceeded the volume sent to the second major destination, Brazil (X units), threefold. Free Zones (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay stood at +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+13.3% per year) and Free Zones (+2.5% per year).

In value terms, Paraguay ($X), Free Zones ($X) and Brazil ($X) constituted the largest markets for agricultural forestry machinery exported from Uruguay worldwide, with a combined 91% share of total exports.

Paraguay, with a CAGR of +59.8%, recorded the highest rates of growth with regard to 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 agricultural forestry machinery export price stood at $X per unit in 2022, surging by 33% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agricultural forestry machinery export price increased by +63.3% against 2019 indices. The growth pace was the most rapid in 2016 when the average export price increased by 38% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+24.8%), while the prices for the other major destinations experienced mixed trend patterns.

Agricultural Forestry Machinery Imports

Imports into Uruguay

In 2022, agricultural forestry machinery imports into Uruguay expanded remarkably to X units, with an increase of 13% compared with the year before. Overall, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 91% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, agricultural forestry machinery imports soared to $X in 2022. Over the period under review, imports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2019 when imports increased by 75% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X units) constituted the largest agricultural forestry machinery supplier to Uruguay, accounting for a 73% share of total imports. Moreover, agricultural forestry machinery imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. The third position in this ranking was taken by the United States (X units), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.5% per year) and the United States (+19.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of agricultural forestry machinery (lawn or sportsground rollers) to Uruguay, comprising 69% of total imports. The second position in the ranking was taken by Canada ($X), with an 8.1% share of total imports. It was followed by China, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-10.8% per year) and China (+17.6% per year).

Import Prices by Country

The average agricultural forestry machinery import price stood at $X per unit in 2022, surging by 18% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 31% against the previous year. The import price peaked at $X per unit in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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