Uruguay: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Uruguay

The Uruguayan market for machines for preparing, weaving and knitting textiles expanded remarkably to $X in 2021, growing by 6.6% against the previous year. In general, consumption, however, recorded a mild decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Machines For Preparing, Weaving And Knitting Textiles in Uruguay

In value terms, textile weaving and knitting machinery production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +75.7% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 63%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Uruguay

In 2021, the amount of machines for preparing, weaving and knitting textiles exported from Uruguay dropped markedly to X units, which is down by -40.7% compared with 2020 figures. Over the period under review, exports, however, saw a tangible increase. The pace of growth was the most pronounced in 2020 when exports increased by 75%. As a result, the exports attained the peak of X units, and then declined sharply in the following year.

In value terms, textile weaving and knitting machinery exports reduced dramatically to $X in 2021. Overall, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of 227% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Peru (X units) was the main destination for textile weaving and knitting machinery exports from Uruguay, with a 62% share of total exports. Moreover, textile weaving and knitting machinery exports to Peru exceeded the volume sent to the second major destination, India (X units), threefold. Paraguay (X units) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Peru stood at +38.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-5.1% per year) and Paraguay (+18.8% per year).

In value terms, Peru ($X) remains the key foreign market for machines for preparing, weaving and knitting textiles exports from Uruguay, comprising 81% of total exports. The second position in the ranking was held by Lithuania ($X), with an 8.5% share of total exports. It was followed by Paraguay, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to Peru totaled +31.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (0.0% per year) and Paraguay (+39.9% per year).

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, picking up by 7.8% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 101%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to India ($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 Paraguay (+17.8%), while the prices for the other major destinations experienced a decline.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Uruguay

In 2021, the amount of machines for preparing, weaving and knitting textiles imported into Uruguay surged to X units, jumping by 155% against the previous year's figure. Overall, imports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 258% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, textile weaving and knitting machinery imports soared to $X in 2021. In general, imports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 176% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of textile weaving and knitting machinery to Uruguay, with a 71% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by Spain (X units), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-17.1% per year) and Spain (-5.0% per year).

In value terms, China ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to Uruguay, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 24% share of total imports. It was followed by Spain, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.6% per year) and Spain (-19.5% per year).

Import Prices by Country

In 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, declining by -51.7% against the previous year. In general, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 194% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+41.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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