Uruguay: Knitting Machine Market 2024

Knitting Machine Market Size in Uruguay

In 2022, the Uruguayan knitting machine market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a pronounced decrease. Knitting machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Knitting Machine Production in Uruguay

In value terms, knitting machine production rose slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Knitting machine production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Knitting Machine Exports

Exports from Uruguay

In 2022, after two years of growth, there was significant decline in overseas shipments of flat knitting machines, stitch-bonding machines and warp knitting machines, when their volume decreased by X% to X units. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, knitting machine exports soared to $X in 2022. In general, exports recorded a abrupt decline. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X units) and Spain (X units) were the main destinations of knitting machine exports from Uruguay. Moreover, knitting machine exports in Argentina exceeded the figures recorded by the second-largest exporter, Spain, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%).

In value terms, Spain ($X) emerged as the key foreign market for flat knitting machines, stitch-bonding machines and warp knitting machines exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

The average knitting machine export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price enjoyed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Argentina stood at $X per unit.

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

Knitting Machine Imports

Imports into Uruguay

In 2022, after three years of growth, there was significant decline in purchases abroad of flat knitting machines, stitch-bonding machines and warp knitting machines, when their volume decreased by X% to X units. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, knitting machine imports reduced remarkably to $X in 2022. Overall, imports saw a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Argentina (X units), the United States (X units) and China (X units) were the main suppliers of knitting machine imports to Uruguay.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of flat knitting machines, stitch-bonding machines and warp knitting machines to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average knitting machine import price amounted to $X per unit, declining by X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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