Uruguay: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in Uruguay

In 2022, the Uruguayan electromagnetic lifting head market increased by 12% to $X, rising for the fifth year in a row after two years of decline. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Electromagnetic lifting head consumption peaked in 2022 and is expected to retain growth in years to come.

Electromagnetic Lifting Head Exports

Exports from Uruguay

In 2022, electromagnetic lifting head exports from Uruguay soared to X kg, growing by 127% on 2021 figures. Over the period under review, exports enjoyed pronounced growth. The pace of growth was the most pronounced in 2020 with an increase of 578%. The exports peaked at X kg in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, electromagnetic lifting head exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 1,331%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X kg) was the main destination for electromagnetic lifting head exports from Uruguay, accounting for a 88% share of total exports. Moreover, electromagnetic lifting head exports to Brazil exceeded the volume sent to the second major destination, Bolivia (X kg), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +40.5%.

In value terms, Brazil ($X) emerged as the key foreign market for electromagnets and electromagnetic lifting heads exports from Uruguay, comprising 83% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to +25.6%.

Export Prices by Country

The average electromagnetic lifting head export price stood at $X per ton in 2022, waning by -4.8% against the previous year. Over the period under review, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 111% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Bolivia ($X per ton), while the average price for exports to Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+162.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports into Uruguay

Electromagnetic lifting head imports into Uruguay surged to X tons in 2022, picking up by 22% on the previous year's figure. In general, total imports indicated perceptible growth from 2012 to 2022: its volume 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 +53.0% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electromagnetic lifting head imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of electromagnetic lifting head to Uruguay, accounting for a 40% share of total imports. Moreover, electromagnetic lifting head imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Germany (X kg), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.7% per year) and Germany (+7.9% per year).

In value terms, the largest electromagnetic lifting head suppliers to Uruguay were the United States ($X), China ($X) and Germany ($X), together accounting for 51% of total imports. Italy, Argentina, Brazil, Taiwan (Chinese), Spain and Turkey lagged somewhat behind, together accounting for a further 33%.

Taiwan (Chinese), with a CAGR of +35.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electromagnetic lifting head import price amounted to $X per ton, with a decrease of -11.4% against the previous year. Over the period under review, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 23%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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