Uruguay: Totaliser Market 2024

Totaliser Market Size in Uruguay

In 2021, the Uruguayan totaliser market increased by 1.3% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a relatively flat trend pattern. Totaliser consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Totaliser Production in Uruguay

In value terms, totaliser production dropped slightly to $X in 2021 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 114%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Totaliser Exports

Exports from Uruguay

In 2021, totaliser exports from Uruguay contracted remarkably to X units, with a decrease of -16.7% compared with the previous year. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 800% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, totaliser exports declined to $X in 2021. Overall, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,091%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X units), Brazil (X units) and Paraguay (X units) were the main destinations of totaliser exports from Uruguay.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) remains the key foreign market for continuous and discontinuous totalisers exports from Uruguay, comprising 51% of total exports. The second position in the ranking was held by Brazil ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Argentina stood at +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+41.3% per year) and Paraguay (+34.7% per year).

Export Prices by Country

The average totaliser export price stood at $X per unit in 2021, increasing by 14% against the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 116%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Totaliser Imports

Imports into Uruguay

For the third year in a row, Uruguay recorded decline in supplies from abroad of continuous and discontinuous totalisers, which decreased by 0% to X units in 2021. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 600%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, totaliser imports surged to $X in 2021. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 418% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume from No country was relatively modest.

In value terms, the largest totaliser suppliers to Uruguay were Spain ($X), Germany ($X) and Argentina ($X), with a combined 28% share of total imports. Brazil, the Netherlands, Japan, China, Chile, Iceland and Denmark lagged somewhat behind, together comprising a further 10%.

Among the main suppliers, China, with a CAGR of +37.7%, saw the highest growth rate of 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 totaliser import price stood at $X per unit in 2021, surging by 16% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 45%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :