Report Update Nov 1, 2024

Uruguay - Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Boring Machinery Market 2024

Boring Machinery Market Size in Uruguay

The Uruguayan boring machinery market expanded to $X in 2022, surging by 1.6% against the previous year. Over the period under review, consumption, however, enjoyed prominent growth. Boring machinery consumption peaked in 2022 and is expected to retain growth in the immediate term.

Boring Machinery Production in Uruguay

In value terms, boring machinery production stood at $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 56%. Boring machinery production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Boring Machinery Exports

Exports from Uruguay

In 2022, after two years of growth, there was significant decline in shipments abroad of boring or sinking machinery, when their volume decreased by -50% to X units. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 100%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, boring machinery exports fell markedly to $X in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 254% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

The United States (X units) was the main destination for boring machinery exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2016 to 2022, the average annual growth rate of volume to the United States was relatively modest.

In value terms, Free Zones ($X) emerged as the key foreign market for boring or sinking machinery exports from Uruguay, comprising 69% of total exports. The second position in the ranking was taken by the United States ($X), with a 31% share of total exports.

From 2016 to 2022, the average annual growth rate of value to Free Zones stood at +24.7%.

Export Prices by Country

The average boring machinery export price stood at $X per unit in 2022, shrinking by -21.1% against the previous year. Overall, the export price, however, saw a strong expansion. The growth pace was the most rapid in 2021 an increase of 154% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+121.3%), while the prices for the other major destinations experienced mixed trend patterns.

Boring Machinery Imports

Imports into Uruguay

Boring machinery imports into Uruguay skyrocketed to X units in 2022, rising by 42% on the previous year's figure. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 340%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, boring machinery imports soared to $X in 2022. Overall, imports showed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 265% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Argentina (X units), China (X units) and Brazil (X units) were the main suppliers of boring machinery imports to Uruguay, with a combined 65% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +100.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest boring machinery suppliers to Uruguay were the United States ($X), Brazil ($X) and China ($X), together accounting for 73% of total imports. Spain, Italy and Argentina lagged somewhat behind, together comprising a further 18%.

Argentina, with a CAGR of +68.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average boring machinery import price stood at $X per unit in 2022, growing by 59% against the previous year. Over the period under review, the import price, however, saw a slight reduction. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for boring or sinking machinery in the world?

The countries with the highest volumes of in 2021 were Spain, Canada and Indonesia, with a combined 38% share of global consumption. Japan, South Africa, Germany, China, Italy, the United Arab Emirates, France, Syrian Arab Republic, Singapore and Nigeria lagged somewhat behind, together comprising a further 34%.

What are the largest producers of boring or sinking machinery in the world?

The countries with the highest volumes of in 2021 were Indonesia, Canada and Spain, with a combined 37% share of global production. Italy, Japan, the United Arab Emirates, Germany, South Africa, the Netherlands, China, Singapore, Syrian Arab Republic and the UK lagged somewhat behind, together accounting for a further 42%.

What are the leading suppliers of boring or sinking machinery to Uruguay?

In value terms, China constituted the largest supplier of boring machinery to Uruguay, comprising 12% of total imports. The second position in the ranking was occupied by Japan, with a 1.7% share of total imports. It was followed by the UK, with a 1.3% share.

What is the average export price for boring or sinking machinery in Uruguay?

The average boring machinery export price stood at $37 per unit in 2020, shrinking by -28.1% against the previous year.

What is the average import price for boring or sinking machinery in Uruguay?

The average boring machinery import price stood at $1,142 per unit in 2021, falling by -1.6% against the previous year.

This report provides an in-depth analysis of the boring machinery market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023