Uruguay: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Uruguay

The Uruguayan market for in-hand motor grinders, sanders and planers skyrocketed to $X in 2021, growing by 115% 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). Overall, consumption showed a resilient increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Uruguay

Exports of in-hand motor grinders, sanders and planers from Uruguay surged to X units in 2021, rising by 78% compared with 2020. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 4,614% against the previous year. Over the period under review, the exports of hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 3,332% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Slovenia (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Uruguay, accounting for a 85% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Slovenia exceeded the volume sent to the second major destination, Chile (X units), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Slovenia totaled +100.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+54.8% per year) and Serbia (-4.9% per year).

In value terms, Slovenia ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Uruguay, comprising 85% of total exports. The second position in the ranking was held by Chile ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia amounted to +89.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+28.7% per year) and Serbia (-2.0% per year).

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, falling by -26.6% against the previous year. In general, the export price saw a deep contraction. The pace of growth was the most pronounced in 2013 an increase of 24%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+2.8%), while the prices for the other major destinations experienced a decline.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Uruguay

In 2021, approx. X units of in-hand motor grinders, sanders and planers were imported into Uruguay; with an increase of 136% against the previous year's figure. Overall, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 125% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Uruguay, accounting for a 87% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+9.2% per year) and the United States (+22.7% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Uruguay, comprising 63% of total imports. The second position in the ranking was taken by Brazil ($X), with a 9.8% share of total imports. It was followed by the United States, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.0% per year) and the United States (+20.9% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, dropping by -10.9% against the previous year. Over the period under review, the import price saw a pronounced setback. The growth pace was the most rapid in 2014 an increase of 5.1%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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