Uruguay: Static Converter Market 2025

Static Converter Market Size in Uruguay

In 2021, the Uruguayan static converter market increased by 227% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Static Converter Exports

Exports from Uruguay

In 2021, approx. X units of static converters were exported from Uruguay; with an increase of 15% on the year before. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 2,343% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, static converter exports declined markedly to $X in 2021. Overall, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 817% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Germany (X units) and Australia (X units) were the main destinations of static converter exports from Uruguay, together accounting for 15% of total exports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +114.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for static converter exported from Uruguay were Australia ($X), Germany ($X) and the United States ($X).

Australia, with a CAGR of +67.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average static converter export price stood at $X per unit in 2021, falling by -38.5% against the previous year. Over the period under review, the export price, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 127%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Australia ($X per unit), while the average price for exports to Bolivia ($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 Paraguay (-3.1%), while the prices for the other major destinations experienced a decline.

Static Converter Imports

Imports into Uruguay

In 2021, imports of static converters into Uruguay soared to X units, rising by 288% compared with the previous year's figure. In general, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, static converter imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of 94%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Hong Kong SAR (X units) and the United States (X units) were the main suppliers of static converter imports to Uruguay, with a combined 16% share of total imports. Taiwan (Chinese), the UK, South Korea, Brazil, Vietnam, Germany, Panama, Chile and Argentina lagged somewhat behind, together accounting for a further 7.1%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +141.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of static converters to Uruguay, comprising 31% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.2% share of total imports. It was followed by Germany, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.2% per year) and Germany (-8.9% per year).

Import Prices by Country

The average static converter import price stood at $X per unit in 2021, dropping by -62.8% against the previous year. In general, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 75% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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