Uruguay: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Uruguay

The Uruguayan market for equipment for scaffolding, shuttering, propping or pit propping skyrocketed to $X in 2021, surging by 16% against 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, showed a noticeable reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Uruguay

In 2021, shipments abroad of equipment for scaffolding, shuttering, propping or pit propping decreased by -76.4% to X tons, falling for the fourth year in a row after four years of growth. In general, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2014 with an increase of 398%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports fell notably to $X in 2021. Overall, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 299%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Uruguay, accounting for a 94% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to Paraguay exceeded the volume sent to the second major destination, Chile (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Paraguay amounted to -32.1%.

In value terms, Paraguay ($X) emerged as the key foreign market for equipment for scaffolding, shuttering, propping or pit propping exports from Uruguay, comprising 97% of total exports. The second position in the ranking was taken by Chile ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Paraguay stood at -28.1%.

Export Prices by Country

The average export price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2021: its price 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, scaffolding, shuttering, and propping equipment export price increased by +76.1% against 2017 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then dropped slightly in the following year.

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 ton), while the average price for exports to Chile totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Uruguay

In 2021, scaffolding, shuttering, and propping equipment imports into Uruguay rose notably to X tons, picking up by 8.1% against the previous year. In general, imports, however, saw a pronounced setback. The growth pace was the most rapid in 2020 with an increase of 66%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports rose rapidly to $X in 2021. Overall, imports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2018 with an increase of 70% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of scaffolding, shuttering, and propping equipment to Uruguay, accounting for a 36% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+14.8% per year) and China (-4.2% per year).

In value terms, Argentina ($X), Spain ($X) and China ($X) appeared to be the largest scaffolding, shuttering, and propping equipment suppliers to Uruguay, together comprising 62% of total imports. These countries were followed by Germany, Brazil, Paraguay and India, which together accounted for a further 31%.

India, with a CAGR of +18.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, rising by 5.8% against the previous year. In general, the import price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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