Uruguay: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Uruguay

In 2022, the Uruguayan electrical signalling apparatus market increased by 6.3% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +31.4% against 2020 indices. Electrical signalling apparatus consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports from Uruguay

In 2022, exports of electrical apparatus for sound or visual signalling from Uruguay dropped dramatically to X units, which is down by -62.5% compared with the previous year's figure. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 716%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus exports dropped dramatically to $X in 2022. Overall, exports, however, recorded perceptible growth. The growth pace was the most rapid in 2021 when exports increased by 1,524% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X units) was the main destination for electrical signalling apparatus exports from Uruguay, with a 49% share of total exports. Moreover, electrical signalling apparatus exports to Morocco exceeded the volume sent to the second major destination, Spain (X units), fourfold. The third position in this ranking was taken by Guatemala (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Morocco was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-21.5% per year) and Guatemala (-9.9% per year).

In value terms, Morocco ($X) emerged as the key foreign market for electrical apparatus for sound or visual signalling exports from Uruguay, comprising 59% of total exports. The second position in the ranking was taken by Switzerland ($X), with an 18% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Morocco was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (0.0% per year) and the United States (-8.8% per year).

Export Prices by Country

In 2022, the average electrical signalling apparatus export price amounted to $X per unit, increasing by 75% against the previous year. Overall, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of 181% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Free Zones ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+40.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports into Uruguay

In 2022, approx. X units of electrical apparatus for sound or visual signalling were imported into Uruguay; rising by 34% against the previous year's figure. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +83.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electrical signalling apparatus imports reduced to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +20.1% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by 29%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest electrical signalling apparatus supplier to Uruguay, with a 73% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.3% per year) and Hong Kong SAR (+16.3% per year).

In value terms, China ($X) constituted the largest supplier of electrical apparatus for sound or visual signalling to Uruguay, comprising 45% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Hong Kong SAR, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.2% per year) and Hong Kong SAR (+15.6% per year).

Import Prices by Country

The average electrical signalling apparatus import price stood at $X per unit in 2022, declining by -26.1% against the previous year. In general, the import price continues to indicate a mild decrease. The growth pace was the most rapid in 2020 when the average import price increased by 21% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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