Uruguay: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Uruguay

The Uruguayan driving and non-driving axle market rose sharply to $X in 2021, with an increase of 13% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Drive-Axles with Differential and Non-Driving Axles in Uruguay

In value terms, driving and non-driving axle production stood at $X in 2021 estimated in export price. Overall, production, however, showed a mild slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Uruguay

In 2021, the amount of drive-axles with differential and non-driving axles exported from Uruguay declined to X tons, waning by -5.3% on the year before. Over the period under review, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 2.2%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, driving and non-driving axle exports fell to $X in 2021. In general, exports continue to indicate a significant contraction. The smallest decline of -3.3% was in 2020. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for driving and non-driving axle exports from Uruguay, with a 87% share of total exports. Moreover, driving and non-driving axle exports to Argentina exceeded the volume sent to the second major destination, Free Zones (X kg), more than tenfold. The third position in this ranking was held by Spain (X kg), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina stood at -32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+34.8% per year) and Spain (-11.0% per year).

In value terms, Argentina ($X) remains the key foreign market for driving and non-driving axle exports from Uruguay, comprising 92% of total exports. The second position in the ranking was taken by Free Zones ($X), with a 2.4% share of total exports. It was followed by Paraguay, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to Argentina totaled -33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+7.5% per year) and Paraguay (-21.2% per year).

Export Prices by Country

In 2021, the average driving and non-driving axle export price amounted to $X per ton, picking up by 2.2% against the previous year. In general, the export price, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 3.5% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Uruguay

In 2021, imports of drive-axles with differential and non-driving axles into Uruguay soared to X tons, growing by 52% on 2020. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 69% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, driving and non-driving axle imports soared to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and Argentina (X tons) were the main suppliers of driving and non-driving axle imports to Uruguay, with a combined 84% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +6.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and Italy ($X) appeared to be the largest driving and non-driving axle suppliers to Uruguay, together comprising 71% of total imports.

In terms of the main suppliers, China, with a CAGR of +7.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average driving and non-driving axle import price amounted to $X per ton, shrinking by -9.9% against the previous year. Over the period under review, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2014 an increase of 15%. Over the period under review, average import prices attained the maximum at $X per ton 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, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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