Uruguay: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Uruguay

The Uruguayan market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids reduced modestly to $X in 2022, shrinking by -4.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a noticeable decrease. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from Uruguay

In 2022, shipments abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -86.2% to X units, falling for the second year in a row after four years of growth. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 394% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids shrank remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,477% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Belgium (X units), Free Zones (X units) and Paraguay (X units) were the main destinations of exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Uruguay, together comprising 91% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Free Zones (with a CAGR of +11.6%), while the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Argentina ($X) and Paraguay ($X) constituted the largest markets for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exported from Uruguay worldwide, together accounting for 61% of total exports. Free Zones lagged somewhat behind, comprising a further 0.9%.

In terms of the main countries of destination, Free Zones, with a CAGR of +42.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, with an increase of 33% against the previous year. Overall, the export price continues to indicate significant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 238% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into Uruguay

After two years of growth, purchases abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -20.2% to X units in 2022. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Over the period under review, imports of hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids rose sharply to $X in 2022. In general, imports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 172% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Argentina (X units), China (X units) and Brazil (X units) were the main suppliers of imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to Uruguay, together comprising 86% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +0.4%), while imports for the other leaders experienced a decline.

In value terms, Brazil ($X), China ($X) and Argentina ($X) were the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids suppliers to Uruguay, together accounting for 59% of total imports.

China, with a CAGR of +11.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids amounted to $X per unit, growing by 35% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 147% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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