Uruguay: Working Wire Machine Market 2025

Working Wire Machine Market Size in Uruguay

The Uruguayan working wire machine market shrank markedly to $X in 2021, declining by -44.4% against the previous year. Over the period under review, consumption, however, enjoyed a notable expansion. Working wire machine consumption peaked at $X in 2020, and then shrank remarkably in the following year.

Working Wire Machine Production in Uruguay

In value terms, working wire machine production fell significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep contraction. Working wire machine production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Working Wire Machine Exports

Exports from Uruguay

In 2021, exports of machines for working wire from Uruguay fell markedly to X units, waning by -90% on 2020. Overall, exports faced a abrupt downturn. Over the period under review, the exports reached the peak figure at X units in 2020, and then declined markedly in the following year.

In value terms, working wire machine exports fell dramatically to $X in 2021. In general, exports showed a precipitous decrease. The exports peaked at $X in 2020, and then reduced dramatically in the following year.

Exports by Country

Peru (X units) was the main destination for working wire machine exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru was relatively modest.

In value terms, Peru ($X) emerged as the key foreign market for machines for working wire exports from Uruguay.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru was relatively modest.

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2021, waning by -38.6% against the previous year. In general, the export price showed a abrupt curtailment. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to 0.0% per year.

Working Wire Machine Imports

Imports into Uruguay

Working wire machine imports into Uruguay surged to X units in 2021, with an increase of 800% on the previous year. Overall, imports, however, showed a mild reduction. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, working wire machine imports soared to $X in 2021. Over the period under review, imports, however, recorded a dramatic curtailment. The growth pace was the most rapid in 2014 with an increase of 23,508%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest working wire machine supplier to Uruguay, accounting for a 56% share of total imports. Moreover, working wire machine imports from Spain exceeded the figures recorded by the second-largest supplier, Argentina (X units), threefold. The third position in this ranking was taken by Sweden (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+13.0% per year) and Sweden (-11.5% per year).

In value terms, the largest working wire machine suppliers to Uruguay were China ($X), Spain ($X) and India ($X), together accounting for 68% of total imports. Germany, Argentina, Sweden, Brazil and the United States lagged somewhat behind, together accounting for a further 32%.

Argentina, with a CAGR of +35.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, with an increase of 13% against the previous year. Over the period under review, the import price, however, continues to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 5,134% 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.

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 China ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+692,673.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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