Uruguay: Non-Household Fan Market 2024

Non-Household Fan Market Size in Uruguay

In 2022, after three years of growth, there was significant decline in the Uruguayan non-household fan market, when its value decreased by -37.7% to $X. Over the period under review, consumption showed a abrupt descent. Non-household fan consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Household Fan Exports

Exports from Uruguay

In 2022, approx. X units of non-household ventilation fans were exported from Uruguay; picking up by 31% on the year before. Overall, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2014 when exports increased by 535% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, non-household fan exports soared to $X in 2022. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 864%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Denmark (X units) and Mexico (X units) were the main destinations of non-household fan exports from Uruguay, with a combined 75% share 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 Mexico (with a CAGR of +34.9%), while the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X) emerged as the key foreign market for non-household ventilation fans exports from Uruguay, comprising 51% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Denmark, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones stood at +135.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18.6% per year) and Denmark (-9.8% per year).

Export Prices by Country

In 2022, the average non-household fan export price amounted to $X per unit, growing by 45% against the previous year. In general, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 72%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 Free Zones ($X per unit), while the average price for exports to the United States ($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 Free Zones (+82.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Uruguay

After three years of growth, supplies from abroad of non-household ventilation fans decreased by -43.5% to X units in 2022. In general, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 with an increase of 52%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-household fan imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-household fan supplier to Uruguay, accounting for a 72% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), ninefold. The third position in this ranking was held by Turkey (X units), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-6.2% per year) and Turkey (+79.6% per year).

In value terms, China ($X) constituted the largest supplier of non-household ventilation fans to Uruguay, comprising 36% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Brazil, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and Brazil (-3.4% per year).

Import Prices by Country

In 2022, the average non-household fan import price amounted to $X per unit, rising by 12% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-household fan import price increased by +48.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 26% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform