Uruguay: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Uruguay

The Uruguayan electric heating resistor market stood at $X in 2021, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a mild curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electric Heating Resistor Exports

Exports from Uruguay

After two years of decline, shipments abroad of electric heating resistors increased by 320% to X units in 2021. Over the period under review, exports, however, showed a precipitous descent. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric heating resistor exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 637% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Venezuela (X units), Paraguay (X units) and Bolivia (X units) were the main destinations of electric heating resistor exports from Uruguay.

From 2012 to 2021, the biggest increases were recorded for Venezuela (with a CAGR of +166.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X) emerged as the key foreign market for electric heating resistors exports from Uruguay, comprising 68% of total exports. The second position in the ranking was held by Venezuela ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Paraguay amounted to +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+391.1% per year) and Bolivia (+15.3% per year).

Export Prices by Country

The average electric heating resistor export price stood at $X per unit in 2021, growing by 74% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 457%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Venezuela ($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 Venezuela (+85.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Uruguay

In 2021, the amount of electric heating resistors imported into Uruguay totaled X units, approximately reflecting the previous year's figure. Overall, imports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electric heating resistor imports amounted to $X in 2021. Over the period under review, imports, however, recorded a mild contraction. The growth pace was the most rapid in 2015 when imports increased by 15%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest electric heating resistor supplier to Uruguay, with a 47% share of total imports. Moreover, electric heating resistor imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Egypt (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.4% per year) and Egypt (+106.7% per year).

In value terms, Italy ($X) constituted the largest supplier of electric heating resistors to Uruguay, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Egypt, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.8% per year) and Egypt (+137.3% per year).

Import Prices by Country

In 2021, the average electric heating resistor import price amounted to $X per unit, almost unchanged from the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2017 an increase of 17%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat 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 the United States ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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