Uruguay: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Uruguay

In 2021, the Uruguayan machine-tool for working wood market increased by 14% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption, however, saw a noticeable expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Exports of Machine-Tools For Working Wood

Exports from Uruguay

After two years of growth, shipments abroad of machine-tools for working wood decreased by -40.4% to X tons in 2021. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 209% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working wood exports declined dramatically to $X in 2021. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2015 when exports increased by 207% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for machine-tool for working wood exports from Uruguay, with a 95% share of total exports. It was followed by Slovenia (X kg), with a 2% share of total exports. Peru (X kg) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+33.8% per year) and Peru (0.0% per year).

In value terms, Chile ($X) remains the key foreign market for machine-tools for working wood exports from Uruguay, comprising 87% of total exports. The second position in the ranking was held by Peru ($X), with a 7.4% share of total exports. It was followed by Slovenia, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile stood at +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (0.0% per year) and Slovenia (+44.9% per year).

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, which is down by -6.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 61% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+137.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Wood

Imports into Uruguay

After three years of growth, purchases abroad of machine-tools for working wood decreased by -1.4% to X tons in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 70% against the previous year. As a result, imports reached the peak of X tons, and then dropped modestly in the following year.

In value terms, machine-tool for working wood imports skyrocketed to $X in 2021. Overall, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 104%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest machine-tool for working wood supplier to Uruguay, with a 45% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. The third position in this ranking was held by Brazil (X tons), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+160.1% per year) and Brazil (+3.8% per year).

In value terms, Denmark ($X) constituted the largest supplier of machine-tools for working wood to Uruguay, comprising 51% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Germany, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from Denmark amounted to +134.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.7% per year) and Germany (-4.5% per year).

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, surging by 30% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine-tool for working wood import price increased by +52.2% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 108%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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