Report Update Nov 1, 2024

Uruguay - Passenger Cars - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Uruguay: Passenger Car Market 2024

Passenger Car Market Size in Uruguay

After three years of decline, the Uruguayan passenger car market increased by 55% to $X in 2021. In general, consumption, however, continues to indicate a relatively flat trend pattern. Passenger car consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Passenger Car Exports

Exports from Uruguay

For the fourth year in a row, Uruguay recorded decline in shipments abroad of passenger cars, which decreased by -12.5% to X units in 2021. Over the period under review, exports faced a sharp descent. The pace of growth appeared the most rapid in 2013 with an increase of 232% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, passenger car exports declined to $X in 2021. Overall, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2013 when exports increased by 319% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X units) was the main destination for passenger car exports from Uruguay, with a approx. 118% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Brazil totaled -34.1%.

In value terms, Brazil ($X) remains the key foreign market for passenger cars exports from Uruguay, comprising 97% of total exports. The second position in the ranking was taken by Argentina ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil stood at -30.8%.

Export Prices by Country

In 2021, the average passenger car export price amounted to $X per unit, picking up by 4.3% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, passenger car export price increased by +45.5% against 2015 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 26% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Brazil totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Passenger Car Imports

Imports into Uruguay

In 2021, after three years of decline, there was significant growth in supplies from abroad of passenger cars, when their volume increased by 37% to X units. In general, imports, however, showed a pronounced shrinkage. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, passenger car imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X units) constituted the largest supplier of passenger car to Uruguay, with a 70% share of total imports. Moreover, passenger car imports from Brazil exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The third position in this ranking was taken by Mexico (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.0% per year) and Mexico (-6.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of passenger cars to Uruguay, comprising 45% of total imports. The second position in the ranking was taken by Mexico ($X), with a 12% share of total imports. It was followed by India, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-5.8% per year) and India (+0.7% per year).

Import Prices by Country

The average passenger car import price stood at $X per unit in 2021, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for passenger cars in the world?

The countries with the highest volumes of passenger car consumption in 2021 were China, India and the United States, with a combined 42% share of global consumption. The Netherlands, Japan, the UK, France, Indonesia, Mexico, Italy, Brazil, Russia and Turkey lagged somewhat behind, together comprising a further 32%.

What are the largest producers of passenger cars in the world?

The countries with the highest volumes of passenger car production in 2021 were China, India and Thailand, together comprising 47% of global production.

What are the leading suppliers of passenger cars to Uruguay?

In value terms, Brazil constituted the largest supplier of passenger car to Uruguay, comprising 49% of total imports. The second position in the ranking was occupied by Mexico, with a 13% share of total imports. It was followed by India, with an 8.1% share.

What is the average export price for passenger cars in Uruguay?

The average passenger car export price stood at $14,114 per unit in 2021, falling by -51.4% against the previous year.

What is the average import price for passenger cars in Uruguay?

The average passenger car import price stood at $7,803 per unit in 2021, waning by -20.5% against the previous year.

This report provides an in-depth analysis of the passenger car market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102410 -
Prodcom 29102430 -
Prodcom 29102450 -
Prodcom 29102490 -

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023