Uruguay: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Uruguay

The Uruguayan machine-tool for drilling market soared to $X in 2022, with an increase of 62% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Machine-Tool For Drilling Production in Uruguay

In value terms, machine-tool for drilling production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant increase. The growth pace was the most rapid in 2018 when the production volume increased by 451%. Machine-tool for drilling production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Machine-Tool For Drilling Exports

Exports from Uruguay

In 2022, overseas shipments of machine-tools for drilling, boring or milling metal decreased by -1% to X units, falling for the second year in a row after five years of growth. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,378% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for drilling exports declined to $X in 2022. Overall, exports recorded a perceptible contraction. The growth pace was the most rapid in 2013 with an increase of 737%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Paraguay (X units) was the main destination for machine-tool for drilling exports from Uruguay, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Paraguay totaled +9.3%.

In value terms, Paraguay ($X) also remains the key foreign market for machine-tools for drilling, boring or milling metal exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Paraguay amounted to -2.2%.

Export Prices by Country

In 2022, the average machine-tool for drilling export price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 184% 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 Paraguay.

From 2012 to 2022, the rate of growth in terms of prices for Paraguay amounted to -10.5% per year.

Machine-Tool For Drilling Imports

Imports into Uruguay

In 2022, overseas purchases of machine-tools for drilling, boring or milling metal increased by 205% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable decrease. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, machine-tool for drilling imports surged to $X in 2022. Overall, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to Uruguay, with a 71% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The Czech Republic (X units) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.5% per year) and the Czech Republic (+167.2% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to Uruguay, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.1% share of total imports. It was followed by Germany, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.7% per year) and Germany (-6.7% per year).

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, which is down by -51.9% against the previous year. Over the period under review, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 145%. As a result, import price attained the peak level of $X per unit, and then dropped dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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