Uruguay: Silencer Market 2024

Silencer Market Size in Uruguay

The Uruguayan silencer market skyrocketed to $X in 2021, rising by 122% 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). Over the period under review, consumption showed a pronounced increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Silencer Exports

Exports from Uruguay

In 2021, approx. X kg of silencers and exhaust pipes were exported from Uruguay; increasing by 4.8% compared with 2020 figures. In general, exports saw significant growth. The growth pace was the most rapid in 2013 when exports increased by 1,017%. The exports peaked at X kg in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, silencer exports expanded to $X in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,048% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

China (X kg) was the main destination for silencer exports from Uruguay, accounting for a 96% share of total exports. It was followed by Argentina (X kg), with a 1.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at +60.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-2.4% per year) and Brazil (-4.9% per year).

In value terms, China ($X) remains the key foreign market for silencer exports from Uruguay, comprising 52% of total exports. The second position in the ranking was taken by Argentina ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +81.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+27.1% per year) and Brazil (+72.7% per year).

Export Prices by Country

The average silencer export price stood at $X per ton in 2021, with a decrease of -2% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silencer export price decreased by -3.3% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 55%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while the average price for exports to China ($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 Argentina (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Silencer Imports

Imports into Uruguay

In 2021, the amount of silencers and exhaust pipes imported into Uruguay skyrocketed to X tons, growing by 54% compared with 2020 figures. Over the period under review, imports posted modest growth. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, silencer imports surged to $X in 2021. In general, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest silencer supplier to Uruguay, accounting for a 67% share of total imports. Moreover, silencer imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Argentina (X tons), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.1% per year) and Argentina (+26.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of silencer to Uruguay, comprising 34% of total imports. The second position in the ranking was held by Turkey ($X), with a 12% share of total imports. It was followed by Argentina, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+71.3% per year) and Argentina (+40.4% per year).

Import Prices by Country

In 2021, the average silencer import price amounted to $X per ton, surging by 81% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Brazil ($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 (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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