Uruguay: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Uruguay

In 2021, the Uruguayan respiration apparatus market decreased by -8.1% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate resilient growth. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Respiration Apparatus Exports

Exports from Uruguay

In 2021, the amount of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus exported from Uruguay dropped to X kg, declining by -11.3% against 2020 figures. In general, exports saw a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 577%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, respiration apparatus exports dropped rapidly to $X in 2021. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2014 when exports increased by 607%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X kg) was the main destination for respiration apparatus exports from Uruguay, with a 89% share of total exports. Moreover, respiration apparatus exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X kg), more than tenfold. Chile (X kg) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina amounted to -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-23.0% per year) and Chile (+35.7% per year).

In value terms, Argentina ($X) remains the key foreign market for respiration apparatus exports from Uruguay, comprising 61% of total exports. The second position in the ranking was held by Paraguay ($X), with a 24% share of total exports. It was followed by Chile, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Argentina stood at -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-27.3% per year) and Chile (+36.1% per year).

Export Prices by Country

In 2021, the average respiration apparatus export price amounted to $X per ton, shrinking by -24.2% against the previous year. In general, the export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 an increase of 86%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then dropped significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Paraguay ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-1.3%), while the prices for the other major destinations experienced a decline.

Respiration Apparatus Imports

Imports into Uruguay

In 2021, approx. X tons of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus were imported into Uruguay; with an increase of 1.9% on the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.2% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 39%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, respiration apparatus imports shrank to $X in 2021. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 108% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of respiration apparatus to Uruguay, with a 53% share of total imports. Moreover, respiration apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by New Zealand (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.8% per year) and New Zealand (+5.8% per year).

In value terms, the largest respiration apparatus suppliers to Uruguay were the United States ($X), New Zealand ($X) and China ($X), with a combined 61% share of total imports.

New Zealand, with a CAGR of +23.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average respiration apparatus import price amounted to $X per ton, waning by -13.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2020 when the average import price increased by 55% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Argentina (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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