Uruguay: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Uruguay

In 2021, the Uruguayan market for instruments for measuring electrical quantities decreased by -17.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a deep setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports from Uruguay

In 2021, shipments abroad of instruments for measuring electrical quantities decreased by -58.5% to X units, falling for the second year in a row after two years of growth. In general, exports showed a slight curtailment. The pace of growth was the most pronounced in 2015 with an increase of 2,759%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, instruments for measuring electrical quantities exports fell remarkably to $X in 2021. Overall, exports, however, posted a mild increase. The growth pace was the most rapid in 2015 with an increase of 3,042%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for instruments for measuring electrical quantities exports from Uruguay, with a 54% share of total exports. Moreover, instruments for measuring electrical quantities exports to Italy exceeded the volume sent to the second major destination, Slovenia (X units), threefold. France (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+31.8% per year) and France (+2.6% per year).

In value terms, Italy ($X) emerged as the key foreign market for instruments for measuring electrical quantities exports from Uruguay, comprising 38% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Germany, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.3% per year) and Germany (+27.5% per year).

Export Prices by Country

In 2021, the average export price for instruments for measuring electrical quantities amounted to $X per unit, which is down by -7.1% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, instruments for measuring electrical quantities export price increased by +22.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 71%. 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 somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Slovenia ($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 Germany (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Uruguay

After four years of growth, purchases abroad of instruments for measuring electrical quantities decreased by -23.5% to X units in 2021. Overall, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 39% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, instruments for measuring electrical quantities imports contracted to $X in 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 66% 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

In 2021, China (X units) constituted the largest supplier of instruments for measuring electrical quantities to Uruguay, accounting for a 51% share of total imports. Moreover, instruments for measuring electrical quantities imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (X units), fourfold. The third position in this ranking was taken by Italy (X units), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+13.4% per year) and Italy (+28.8% per year).

In value terms, Italy ($X), China ($X) and the United States ($X) were the largest instruments for measuring electrical quantities suppliers to Uruguay, together comprising 39% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +18.8%, 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 2021, the average import price for instruments for measuring electrical quantities amounted to $X per unit, surging by 12% against the previous year. In general, the import price saw a strong expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 90%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovenia ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+35.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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