Uruguay: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Uruguay

The Uruguayan market for lifts, elevators, moving stairways and draglines skyrocketed to $X in 2022, growing by 34% 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, recorded a perceptible descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Uruguay

In 2022, shipments abroad of lifts, elevators, moving stairways and draglines decreased by -87.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2015 when exports increased by 157% against the previous year. The exports peaked at X units in 2021, and then fell markedly in the following year.

In value terms, lift, elevator, stairway and dragline exports reduced dramatically to $X in 2022. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2015 when exports increased by 265% against the previous year. The exports peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

Chile (X units) was the main destination for lift, elevator, stairway and dragline exports from Uruguay, accounting for a 75% share of total exports. Moreover, lift, elevator, stairway and dragline exports to Chile exceeded the volume sent to the second major destination, Argentina (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile stood at +13.0%.

In value terms, the largest markets for lift, elevator, stairway and dragline exported from Uruguay were Chile ($X) and Argentina ($X).

Among the main countries of destination, Chile, with a CAGR of +32.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average export price for lifts, elevators, moving stairways and draglines amounted to $X per unit, falling by -39% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 112%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Chile totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+22.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Uruguay

In 2022, imports of lifts, elevators, moving stairways and draglines into Uruguay stood at X units, surging by 8.1% compared with the previous year. Overall, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, lift, elevator, stairway and dragline imports soared to $X in 2022. In general, imports, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2019 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of lift, elevator, stairway and dragline to Uruguay, with a 47% share of total imports. Moreover, lift, elevator, stairway and dragline imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. China (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-9.1% per year) and China (-9.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of lifts, elevators, moving stairways and draglines to Uruguay, comprising 45% of total imports. The second position in the ranking was held by Spain ($X), with a 19% share of total imports. It was followed by China, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-9.3% per year) and China (-9.7% per year).

Import Prices by Country

The average import price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, jumping by 20% against the previous year. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Argentina ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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