Uruguay: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Uruguay

The Uruguayan pressure-reducing iron valve market totaled $X in 2022, rising by 11% 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). In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.8% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Uruguay

In 2022, overseas shipments of pressure-reducing, control, check and safety valves decreased by -84.8% to X units, falling for the third year in a row after three years of growth. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 477%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, pressure-reducing iron valve exports declined sharply to $X in 2022. In general, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 with an increase of 722%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X units) was the main destination for pressure-reducing iron valve exports from Uruguay, accounting for a 72% share of total exports. Moreover, pressure-reducing iron valve exports to Brazil exceeded the volume sent to the second major destination, Denmark (X units), threefold. Argentina (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+301.9% per year) and Argentina (+36.1% per year).

In value terms, Denmark ($X), Brazil ($X) and Argentina ($X) appeared to be the largest markets for pressure-reducing iron valve exported from Uruguay worldwide, with a combined 91% share of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of +418.5%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average pressure-reducing iron valve export price amounted to $X per unit, with a decrease of -24% against the previous year. Over the period under review, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 47%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Brazil ($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 Venezuela (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Uruguay

Pressure-reducing iron valve imports into Uruguay soared to X units in 2022, with an increase of 21% on 2021. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 81% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pressure-reducing iron valve imports reached $X in 2022. In general, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.2% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 104%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pressure-reducing iron valve to Uruguay, accounting for a 65% share of total imports. Moreover, pressure-reducing iron valve imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-6.4% per year) and Italy (+0.3% per year).

In value terms, China ($X) constituted the largest supplier of pressure-reducing, control, check and safety valves to Uruguay, comprising 30% of total imports. The second position in the ranking was taken by Argentina ($X), with a 9.1% share of total imports. It was followed by Brazil, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-8.3% per year) and Brazil (-3.1% per year).

Import Prices by Country

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, which is down by -15.9% against the previous year. Overall, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 14% 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 remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Turkey ($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 Czech Republic (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform