Uruguay: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Uruguay

In 2021, the Uruguayan liquid dispensing pump market decreased by -19.7% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, posted a resilient increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Liquid Dispensing Pump Production in Uruguay

In value terms, liquid dispensing pump production fell markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 181% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Liquid Dispensing Pump Exports

Exports from Uruguay

In 2021, shipments abroad of pumps for dispensing liquids increased by 588% to X units, rising for the fifth consecutive year after two years of decline. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquid dispensing pump exports surged to $X in 2021. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X units) was the main destination for liquid dispensing pump exports from Uruguay, accounting for a 45% share of total exports. Moreover, liquid dispensing pump exports to Spain exceeded the volume sent to the second major destination, Paraguay (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+5.8% per year) and Chile (-7.4% per year).

In value terms, Spain ($X) emerged as the key foreign market for pumps for dispensing liquids exports from Uruguay, comprising 45% of total exports. The second position in the ranking was held by Paraguay ($X), with a 7.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +80.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+6.4% per year) and Chile (-7.2% per year).

Export Prices by Country

The average liquid dispensing pump export price stood at $X per unit in 2021, waning by -37.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 173% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.6%), while the prices for the other major destinations experienced a decline.

Liquid Dispensing Pump Imports

Imports into Uruguay

In 2021, liquid dispensing pump imports into Uruguay skyrocketed to X units, with an increase of 116% compared with the year before. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 465% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, liquid dispensing pump imports surged to $X in 2021. Overall, imports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 279%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of liquid dispensing pump to Uruguay, accounting for a 68% share of total imports. Moreover, liquid dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by the United States (X units), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.3% per year) and the United States (-2.9% per year).

In value terms, the largest liquid dispensing pump suppliers to Uruguay were Italy ($X), China ($X) and the United States ($X), together accounting for 45% of total imports. Spain, Argentina, Brazil and Germany lagged somewhat behind, together accounting for a further 18%.

Spain, with a CAGR of +42.9%, saw 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

The average liquid dispensing pump import price stood at $X per unit in 2021, with a decrease of -13.3% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average import price increased by 65%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Brazil (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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