Uruguay: Electroplating Machine Market 2024

Electroplating Machine Market Size in Uruguay

The Uruguayan electroplating machine market dropped rapidly to $X in 2021, falling by -58.9% against the previous year. Over the period under review, consumption recorded a deep reduction. Electroplating machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Electroplating Machine Production in Uruguay

In value terms, electroplating machine production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production showed a mild decline. The most prominent rate of growth was recorded in 2019 with an increase of 32%. Electroplating machine production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Electroplating Machine Exports

Exports from Uruguay

In 2021, approx. X units of machines for electroplating, electrolysis or electrophoresis were exported from Uruguay; picking up by 67% on the previous year's figure. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 917%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, electroplating machine exports amounted to $X in 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 610%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X units) and India (X units) were the main destinations of electroplating machine exports from Uruguay.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +29.1%).

In value terms, Brazil ($X) remains the key foreign market for electroplating machine exports from Uruguay, comprising 100% of total exports. The second position in the ranking was held by India ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil totaled +27.3%.

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, waning by -40% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 137%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Brazil ($X per unit), while the average price for exports to India amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-1.4%).

Electroplating Machine Imports

Imports into Uruguay

In 2021, overseas purchases of machines for electroplating, electrolysis or electrophoresis decreased by -6.8% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2018 when imports increased by 119% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electroplating machine imports stood at $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 58% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest electroplating machine supplier to Uruguay, accounting for a 42% share of total imports. Moreover, electroplating machine imports from China exceeded the figures recorded by the second-largest supplier, Free Zones (X units), twofold. The third position in this ranking was taken by Finland (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +54.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (-10.1% per year) and Finland (+1.2% per year).

In value terms, Free Zones ($X) constituted the largest supplier of electroplating machine to Uruguay, comprising 39% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Italy, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Free Zones stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+38.3% per year) and Italy (+90.0% per year).

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, increasing by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 50% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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