Uruguay: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Uruguay

In 2022, the Uruguayan brakes and servo-brakes market increased by 2.4% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, saw a slight downturn. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Brakes And Servo-Brakes Production in Uruguay

In value terms, brakes and servo-brakes production totaled $X in 2022 estimated in export price. In general, production recorded a mild decrease. The pace of growth was the most pronounced in 2016 with an increase of 37% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Brakes And Servo-Brakes Exports

Exports from Uruguay

In 2022, overseas shipments of brakes and servo-brakes increased by 6.6% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 48%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, brakes and servo-brakes exports surged to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for brakes and servo-brakes exports from Uruguay, with a 81% share of total exports. Moreover, brakes and servo-brakes exports to Argentina exceeded the volume sent to the second major destination, Brazil (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Argentina totaled +9.3%.

In value terms, Argentina ($X) remains the key foreign market for brakes and servo-brakes exports from Uruguay, comprising 88% of total exports. The second position in the ranking was taken by Brazil ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Argentina amounted to +7.4%.

Export Prices by Country

In 2022, the average brakes and servo-brakes export price amounted to $X per ton, rising by 10% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Argentina ($X per ton), while the average price for exports to Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+2.0%), while the prices for the other major destinations experienced a decline.

Brakes And Servo-Brakes Imports

Imports into Uruguay

In 2022, the amount of brakes and servo-brakes imported into Uruguay surged to X tons, increasing by 41% compared with the previous year. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, brakes and servo-brakes imports surged to $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest brakes and servo-brakes supplier to Uruguay, with a 53% share of total imports. Moreover, brakes and servo-brakes imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.8% per year) and Turkey (+80.6% per year).

In value terms, the largest brakes and servo-brakes suppliers to Uruguay were Brazil ($X), Turkey ($X) and China ($X), together accounting for 65% of total imports.

Among the main suppliers, Turkey, with a CAGR of +66.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average brakes and servo-brakes import price stood at $X per ton in 2022, rising by 4.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 22%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Germany ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :