Uruguay: Magnetic Media Market 2024

Magnetic Media Market Size in Uruguay

In 2021, the Uruguayan magnetic media market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a deep reduction. Magnetic media consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Magnetic Media Exports

Exports from Uruguay

In 2021, approx. X units of magnetic media, not recorded, except cards with a magnetic stripe were exported from Uruguay; rising by 23% on the year before. Overall, exports, however, showed a significant curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 430% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, magnetic media exports fell remarkably to $X in 2021. Over the period under review, exports, however, faced a precipitous slump. The pace of growth was the most pronounced in 2017 when exports increased by 486% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Paraguay (X units) was the main destination for magnetic media exports from Uruguay, with a 65% share of total exports. Moreover, magnetic media exports to Paraguay exceeded the volume sent to the second major destination, Costa Rica (X units), fourfold. The Dominican Republic (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay stood at -32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-4.0% per year) and the Dominican Republic (-6.9% per year).

In value terms, Paraguay ($X) emerged as the key foreign market for magnetic media, not recorded, except cards with a magnetic stripe exports from Uruguay, comprising 60% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 29% share of total exports. It was followed by the Dominican Republic, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Paraguay totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+34.0% per year) and the Dominican Republic (-2.8% per year).

Export Prices by Country

The average magnetic media export price stood at $X per unit in 2021, with a decrease of -35% against the previous year. Overall, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 an increase of 75%. The export price peaked at $X per unit in 2020, and then dropped markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to El Salvador ($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 (+48.9%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Uruguay

In 2021, approx. X units of magnetic media, not recorded, except cards with a magnetic stripe were imported into Uruguay; rising by 50% on the previous year. Over the period under review, imports, however, continue to indicate a deep slump. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, magnetic media imports surged to $X in 2021. Overall, imports, however, showed a slight decline. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Panama (X units) and Japan (X units) were the main suppliers of magnetic media imports to Uruguay, with a combined 70% share of total imports. Colombia, Singapore, Ireland, Honduras and China lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +40.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of magnetic media, not recorded, except cards with a magnetic stripe to Uruguay, comprising 51% of total imports. The second position in the ranking was taken by Japan ($X), with a 20% share of total imports. It was followed by Singapore, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.8% per year) and Singapore (+62.4% per year).

Import Prices by Country

The average magnetic media import price stood at $X per unit in 2021, growing by 12% against the previous year. In general, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2017 an increase of 304% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

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 Singapore ($X per unit), while the price for Honduras ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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