Uruguay: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Uruguay

In 2022, the Uruguayan meat-preparation industrial machinery market decreased by -1.9% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. Meat-preparation industrial machinery consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Meat-Preparation Industrial Machinery Exports

Exports from Uruguay

In 2022, overseas shipments of industrial machinery for the preparation of meat or poultry decreased by -66% to X units, falling for the second year in a row after four years of growth. Overall, exports continue to indicate a mild decline. The growth pace was the most rapid in 2013 with an increase of 333% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat-preparation industrial machinery exports surged to $X in 2022. Over the period under review, exports, however, saw strong growth. The pace of growth was the most pronounced in 2015 with an increase of 829% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Israel (X units) was the main destination for meat-preparation industrial machinery exports from Uruguay, with a 63% share of total exports. Moreover, meat-preparation industrial machinery exports to Israel exceeded the volume sent to the second major destination, Paraguay (X units), threefold. Austria (X units) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel stood at +100.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+14.9% per year) and Austria (0.0% per year).

In value terms, Paraguay ($X) emerged as the key foreign market for industrial machinery for the preparation of meat or poultry exports from Uruguay, comprising 70% of total exports. The second position in the ranking was taken by Colombia ($X), with a 23% share of total exports. It was followed by Austria, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Paraguay totaled +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (0.0% per year) and Austria (0.0% per year).

Export Prices by Country

In 2022, the average meat-preparation industrial machinery export price amounted to $X per unit, surging by 303% against the previous year. Over the period under review, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 396% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+259.6%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Uruguay

In 2022, after two years of growth, there was decline in purchases abroad of industrial machinery for the preparation of meat or poultry, when their volume decreased by -2.4% to X units. Over the period under review, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% 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 +95.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 48% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, meat-preparation industrial machinery imports reduced slightly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 63%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest meat-preparation industrial machinery supplier to Uruguay, accounting for a 67% share of total imports. Moreover, meat-preparation industrial machinery imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), sevenfold. The third position in this ranking was held by Spain (X units), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+6.4% per year) and Spain (+3.3% per year).

In value terms, the largest meat-preparation industrial machinery suppliers to Uruguay were China ($X), Spain ($X) and Brazil ($X), with a combined 49% share of total imports.

Among the main suppliers, Brazil, with a CAGR of +14.1%, recorded the highest growth rate of 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 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price, however, showed a slight shrinkage. The growth pace was the most rapid in 2019 an increase of 91%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iceland (+49.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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