Uruguay: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Uruguay

In 2022, the Uruguayan metal office furniture market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.1% against 2019 indices. Metal office furniture consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal Office Furniture Production in Uruguay

In value terms, metal office furniture production reached $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Metal Office Furniture Exports

Exports from Uruguay

In 2022, overseas shipments of metal office furniture decreased by -55.2% to X kg, falling for the third year in a row after two years of growth. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 1,526% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal office furniture exports contracted remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 846% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bolivia (X kg) was the main destination for metal office furniture exports from Uruguay, accounting for a 85% share of total exports. Moreover, metal office furniture exports to Bolivia exceeded the volume sent to the second major destination, Latvia (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Bolivia stood at +1,400.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (0.0% per year) and Free Zones (+30.2% per year).

In value terms, Bolivia ($X) remains the key foreign market for metal office furniture exports from Uruguay, comprising 93% of total exports. The second position in the ranking was taken by Free Zones ($X), with a 4.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled +1,088.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+40.5% per year) and Latvia (0.0% per year).

Export Prices by Country

The average metal office furniture export price stood at $X per ton in 2022, jumping by 83% against the previous year. Overall, the export price saw a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+7.9%), while the prices for the other major destinations experienced a decline.

Metal Office Furniture Imports

Imports into Uruguay

In 2022, after four years of decline, there was significant growth in supplies from abroad of metal office furniture, when their volume increased by 43% to X tons. Overall, imports enjoyed mild growth. The most prominent rate of growth was recorded in 2013 with an increase of 69% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, metal office furniture imports expanded to $X in 2022. In general, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 56% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal office furniture to Uruguay, with a 82% share of total imports. Moreover, metal office furniture imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), ninefold. The third position in this ranking was taken by Sweden (X tons), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+3.8% per year) and Sweden (+44.0% per year).

In value terms, China ($X) constituted the largest supplier of metal office furniture to Uruguay, comprising 61% of total imports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total imports. It was followed by Sweden, with a 9.2% share.

From 2012 to 2022, 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: Brazil (-1.0% per year) and Sweden (+38.8% per year).

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, which is down by -26.9% against the previous year. Over the period under review, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of 36%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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