Uruguay: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Uruguay

In 2022, the Uruguayan air conditioning machine 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, consumption continues to indicate a slight expansion. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Air Conditioning Machine Exports

Exports from Uruguay

For the third year in a row, Uruguay recorded decline in overseas shipments of non-window or wall air conditioning machines, which decreased by -17.9% to X units in 2022. In general, exports saw a mild contraction. The pace of growth appeared the most rapid in 2015 with an increase of 559% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, air conditioning machine exports surged to $X in 2022. Overall, exports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2015 with an increase of 318% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for air conditioning machine exports from Uruguay, accounting for a 66% share of total exports. Moreover, air conditioning machine exports to the United States exceeded the volume sent to the second major destination, Bolivia (X units), fourfold. Paraguay (X units) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (0.0% per year) and Paraguay (-11.8% per year).

In value terms, Bolivia ($X), the United States ($X) and the UK ($X) were the largest markets for air conditioning machine exported from Uruguay worldwide, together comprising 92% of total exports.

Among the main countries of destination, the United States, with a CAGR of +27.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, with an increase of 42% against the previous year. Overall, the export price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 68% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to the Netherlands ($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 Spain (+66.6%), while the prices for the other major destinations experienced mixed trend patterns.

Air Conditioning Machine Imports

Imports into Uruguay

After two years of decline, purchases abroad of non-window or wall air conditioning machines increased by 160% to X units in 2022. In general, imports enjoyed a pronounced expansion. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, air conditioning machine imports surged to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 59%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest air conditioning machine supplier to Uruguay, with a 71% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. India (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.9% per year) and India (+27.2% per year).

In value terms, China ($X), Italy ($X) and Germany ($X) constituted the largest air conditioning machine suppliers to Uruguay, with a combined 75% share of total imports. South Korea, Spain, Brazil, India and the Netherlands lagged somewhat behind, together accounting for a further 15%.

Spain, with a CAGR of +9.8%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average air conditioning machine import price amounted to $X per unit, dropping by -46.9% against the previous year. Over the period under review, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform