Report Update Nov 1, 2024

Uruguay - Industrial Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Uruguay

The Uruguayan industrial sewing machine market skyrocketed to $X in 2022, increasing 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 drastic downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports from Uruguay

In 2022, overseas shipments of industrial sewing machines increased by 154% to X units, rising for the second consecutive year after two years of decline. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 222% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, industrial sewing machine exports soared to $X in 2022. In general, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 210%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Argentina (X units) was the main destination for industrial sewing machine exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Argentina stood at +47.0%.

In value terms, Argentina ($X) emerged as the key foreign market for industrial sewing machines exports from Uruguay.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina totaled +45.4%.

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, shrinking by -41.6% against the previous year. Overall, the export price, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2013 an increase of 210% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +37.0% per year.

Industrial Sewing Machine Imports

Imports into Uruguay

Industrial sewing machine imports into Uruguay surged to X units in 2022, increasing by 90% compared with the previous year. Overall, imports, however, showed a abrupt downturn. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a slight decrease. The most prominent rate of growth was recorded in 2019 with an increase of 243%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to Uruguay, with a 54% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.2% per year) and the United States (+14.3% per year).

In value terms, Japan ($X) constituted the largest supplier of industrial sewing machines to Uruguay, comprising 53% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports. It was followed by Vietnam, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to +33.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.9% per year) and Vietnam (+4.9% per year).

Import Prices by Country

In 2022, the average industrial sewing machine import price amounted to $X per unit, declining by -18.3% against the previous year. Overall, the import price, however, showed moderate growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 289% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial sewing machines in the world?

The countries with the highest volumes of in 2021 were China, India and Japan, together accounting for 31% of global consumption. Vietnam, the United States, Indonesia, Brazil, Uzbekistan, Cambodia, Turkey, Bangladesh, Mexico and Germany lagged somewhat behind, together comprising a further 27%.

What are the largest producers of industrial sewing machines in the world?

China constituted the country with the largest volume of industrial sewing machine production, accounting for 67% of total volume. Moreover, industrial sewing machine production in China exceeded the figures recorded by the second-largest producer, Japan, eightfold. The third position in this ranking was occupied by Germany, with a 3.6% share.

What are the leading suppliers of industrial sewing machines to Uruguay?

In value terms, the largest industrial sewing machine suppliers to Uruguay were Japan, Germany and China, with a combined 81% share of total imports.

What are the leading importers of industrial sewing machines from Uruguay?

In value terms, the largest markets for industrial sewing machine exported from Uruguay were Paraguay, the United States and Argentina, together comprising 95% of total exports. The Netherlands and the Philippines lagged somewhat behind, together comprising a further 4.5%.

What is the average export price for industrial sewing machines in Uruguay?

In 2021, the average industrial sewing machine export price amounted to $1,821 per unit, picking up by 35% against the previous year.

What is the average import price for industrial sewing machines in Uruguay?

The average industrial sewing machine import price stood at $2,653 per unit in 2021, falling by -6.7% against the previous year.

This report provides an in-depth analysis of the industrial sewing machine market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28942430 - Industrial automatic sewing machines (excluding book-sewing machines)
Prodcom 28942450 - Industrial sewing machines (excluding book-sewing machines, automatic machines)

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023