Uruguay: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in Uruguay

The Uruguayan feedstuff preparing machinery market surged to $X in 2021, increasing by 179% 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). Overall, consumption, however, saw a mild slump. Feedstuff preparing machinery consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Feedstuff Preparing Machinery Exports

Exports from Uruguay

In 2021, overseas shipments of machinery for preparing animal feedstuffs decreased by -20% to X units, falling for the third consecutive year after two years of growth. Overall, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 77% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, feedstuff preparing machinery exports reduced notably to $X in 2021. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 89% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X units), Panama (X units) and Paraguay (X units) were the main destinations of feedstuff preparing machinery exports from Uruguay. Moreover, feedstuff preparing machinery exports in Argentina exceeded the figures recorded by the second-largest exporter, Panama, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Argentina ($X) remains the key foreign market for machinery for preparing animal feedstuffs exports from Uruguay, comprising 59% of total exports. The second position in the ranking was held by Ecuador ($X), with a 15% share of total exports. It was followed by Paraguay, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina amounted to +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-15.6% per year) and Paraguay (-7.1% per year).

Export Prices by Country

In 2021, the average feedstuff preparing machinery export price amounted to $X per unit, declining by -19.5% against the previous year. Over the period under review, the export price, however, showed prominent growth. The growth pace was the most rapid in 2014 when the average export price increased by 68%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then contracted significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, 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 Venezuela (+47.1%), while the prices for the other major destinations experienced more modest paces of growth.

Feedstuff Preparing Machinery Imports

Imports into Uruguay

Feedstuff preparing machinery imports into Uruguay soared to X units in 2021, increasing by 206% on 2020. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, feedstuff preparing machinery imports soared to $X in 2021. Over the period under review, imports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 169%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of feedstuff preparing machinery to Uruguay, accounting for a 43% share of total imports. Moreover, feedstuff preparing machinery imports from Turkey exceeded the figures recorded by the second-largest supplier, Brazil (X units), fourfold. Argentina (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+2.4% per year) and Argentina (-10.7% per year).

In value terms, Turkey ($X), Brazil ($X) and Argentina ($X) constituted the largest feedstuff preparing machinery suppliers to Uruguay, with a combined 44% share of total imports. China, Slovakia, Canada, the Netherlands, the United States, Italy, Poland and France lagged somewhat behind, together comprising a further 25%.

China, with a CAGR of +7.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average feedstuff preparing machinery import price amounted to $X per unit, falling by -17.8% against the previous year. Overall, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 an increase of 32%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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