Uruguay: Hedge Shear Market 2024

Hedge Shear Market Size in Uruguay

The Uruguayan hedge shear market surged to $X in 2021, increasing by 51% 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 showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Hedge Shear Exports

Exports from Uruguay

In 2016, the amount of hedge shears and two-handed pruning shears exported from Uruguay soared to X kg, with an increase of 17% against the previous year. In general, exports posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 385% against the previous year. Over the period under review, the exports reached the peak figure in 2016 and are expected to retain growth in the immediate term.

In value terms, hedge shear exports rose notably to $X in 2016. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 399% against the previous year. The exports peaked in 2016 and are expected to retain growth in years to come.

Exports by Country

Chile (X kg) was the main destination for hedge shear exports from Uruguay, accounting for a 92% share of total exports. Moreover, hedge shear exports to Chile exceeded the volume sent to the second major destination, Argentina (X kg), more than tenfold.

From 2012 to 2016, the average annual rate of growth in terms of volume to Chile was relatively modest.

In value terms, Chile ($X) emerged as the key foreign market for hedge shears and two-handed pruning shears exports from Uruguay, comprising 93% of total exports. The second position in the ranking was taken by Argentina ($X), with a 6.7% share of total exports.

From 2012 to 2016, the average annual growth rate of value to Chile was relatively modest.

Export Prices by Country

In 2016, the average hedge shear export price amounted to $X per ton, dropping by -10.6% against the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 2.9%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2016, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2016, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Argentina stood at $X per ton.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hedge Shear Imports

Imports into Uruguay

In 2021, hedge shear imports into Uruguay surged to X tons, jumping by 45% compared with 2020. Over the period under review, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.8% against 2019 indices. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, hedge shear imports skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 54% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brazil (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of hedge shear imports to Uruguay, with a combined 79% share of total imports. These countries were followed by Mexico, Germany and Chile, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +41.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and Germany ($X) constituted the largest hedge shear suppliers to Uruguay, with a combined 60% share of total imports. These countries were followed by Mexico, Taiwan (Chinese) and Chile, which together accounted for a further 22%.

In terms of the main suppliers, Chile, with a CAGR of +62.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average hedge shear import price amounted to $X per ton, picking up by 4.8% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2015 an increase of 19%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Chile ($X per ton), while the price for Brazil ($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 (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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