Uruguay: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Uruguay

The Uruguayan filling containers machinery market soared to $X in 2021, with an increase of 33% 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). In general, consumption recorded a remarkable increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Filling Containers Machinery Exports

Exports from Uruguay

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers exported from Uruguay soared to X units, with an increase of 24% on 2020. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 2,529%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, filling containers machinery exports expanded rapidly to $X in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 4,742%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X units), Brazil (X units) and Paraguay (X units) were the main destinations of filling containers machinery exports from Uruguay.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +0.9%), while shipments for the other leaders experienced a decline.

In value terms, Argentina ($X) remains the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Uruguay, comprising 78% of total exports. The second position in the ranking was taken by Brazil ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Argentina totaled -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-24.0% per year) and Paraguay (-16.1% per year).

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2021, declining by -8.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 306%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Argentina ($X per unit), while the average price for exports to Paraguay ($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 Italy (+147.7%), while the prices for the other major destinations experienced a decline.

Filling Containers Machinery Imports

Imports into Uruguay

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers imported into Uruguay skyrocketed to X units, increasing by 41% on the year before. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 111%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, filling containers machinery imports reduced remarkably to $X in 2021. Overall, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of 186% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest filling containers machinery supplier to Uruguay, with a 83% share of total imports. Moreover, filling containers machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+36.4% per year) and Germany (+32.0% per year).

In value terms, Germany ($X), Italy ($X) and China ($X) appeared to be the largest filling containers machinery suppliers to Uruguay, with a combined 75% share of total imports.

Italy, with a CAGR of +10.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average filling containers machinery import price stood at $X per unit in 2021, declining by -44.7% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of 45% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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