Uruguay: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Uruguay

In 2022, the Uruguayan appliance part brush market increased by 43% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +102.4% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Appliance Part Brush Exports

Exports from Uruguay

In 2022, after two years of decline, there was significant growth in overseas shipments of brushes constituting parts of appliances, when their volume increased by 338% to X units. Over the period under review, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2019 when exports increased by 417%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, appliance part brush exports soared to $X in 2022. In general, exports showed slight growth. The growth pace was the most rapid in 2019 when exports increased by 646% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Free Zones (X units) was the main destination for appliance part brush exports from Uruguay, with a 89% share of total exports. Moreover, appliance part brush exports to Free Zones exceeded the volume sent to the second major destination, Paraguay (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones stood at +9.2%.

In value terms, the largest markets for appliance part brush exported from Uruguay were Paraguay ($X) and Free Zones ($X).

Paraguay, with a CAGR of +95.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average appliance part brush export price stood at $X per unit in 2022, increasing by 53% against the previous year. Overall, the export price showed resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 62% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain 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 Paraguay ($X per unit), while the average price for exports to Free Zones totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+77.1%), while the prices for the other major destinations experienced more modest paces of growth.

Appliance Part Brush Imports

Imports into Uruguay

In 2022, supplies from abroad of brushes constituting parts of appliances increased by 76% to X units, rising for the second consecutive year after two years of decline. In general, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, appliance part brush imports skyrocketed to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +91.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of appliance part brush to Uruguay, with a 60% share of total imports. Moreover, appliance part brush imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. The third position in this ranking was held by Spain (X units), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and Spain (+13.1% per year).

In value terms, China ($X) constituted the largest supplier of brushes constituting parts of appliances to Uruguay, comprising 40% of total imports. The second position in the ranking was held by Spain ($X), with a 13% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+11.3% per year) and the United States (-1.1% per year).

Import Prices by Country

In 2022, the average appliance part brush import price amounted to $X per unit, shrinking by -23.3% against the previous year. In general, the import price showed a noticeable decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 25% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average 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 Brazil ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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