Uruguay: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in Uruguay

The Uruguayan optical radiation instruments market skyrocketed to $X in 2022, increasing by 39% 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 measured expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Optical Radiation Instruments Exports

Exports from Uruguay

In 2022, approx. X units of instruments using optical radiations were exported from Uruguay; which is down by -98% on 2021 figures. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 1,500%. As a result, the exports reached the peak of X units, and then fell dramatically in the following year.

In value terms, optical radiation instruments exports reduced sharply to $X in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 1,766% against the previous year. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

The United States (X units) was the main destination for optical radiation instruments exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +24.6%.

In value terms, the United States ($X) emerged as the key foreign market for instruments using optical radiations exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +23.2%.

Export Prices by Country

In 2022, the average optical radiation instruments export price amounted to $X per unit, with an increase of 78% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 133%. Over the period under review, the average export prices attained the maximum 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for Panama amounted to +301.7% per year.

Optical Radiation Instruments Imports

Imports into Uruguay

Optical radiation instruments imports into Uruguay rose significantly to X units in 2022, surging by 14% against the previous year. In general, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 195%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, optical radiation instruments imports skyrocketed to $X in 2022. Over the period under review, imports saw slight growth. The most prominent rate of growth was recorded in 2015 when imports increased by 254% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of optical radiation instruments imports to Uruguay, together accounting for 59% of total imports. Taiwan (Chinese), Germany, Canada, India, Denmark, Singapore, Switzerland, Ireland and Japan lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +102.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest optical radiation instruments suppliers to Uruguay were the United States ($X), Denmark ($X) and Mexico ($X), with a combined 57% share of total imports. Germany, China, Switzerland, Singapore, Taiwan (Chinese), India, Canada, Ireland and Japan lagged somewhat behind, together comprising a further 34%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +100.9%, recorded 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

The average optical radiation instruments import price stood at $X per unit in 2022, jumping by 19% against the previous year. Overall, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2015 an increase of 20% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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