Uruguay: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Uruguay

The Uruguayan steam blasting machine market fell to $X in 2021, which is down by -6% 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). The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Steam Blasting Machine Exports

Exports from Uruguay

In 2021, steam blasting machine exports from Uruguay reduced rapidly to X units, falling by -42.2% compared with the previous year's figure. Overall, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 309% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, steam blasting machine exports dropped markedly to $X in 2021. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 286% against the previous year. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

Costa Rica (X units) was the main destination for steam blasting machine exports from Uruguay, accounting for a 69% share of total exports. Moreover, steam blasting machine exports to Costa Rica exceeded the volume sent to the second major destination, Chile (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume to Costa Rica was relatively modest.

In value terms, Chile ($X) emerged as the key foreign market for steam or sand blasting machines and similar jet-projecting machines exports from Uruguay, comprising 93% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to +73.2%.

Export Prices by Country

The average steam blasting machine export price stood at $X per unit in 2021, dropping by -59.4% against the previous year. Over the period under review, the export price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 1,348% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Costa Rica totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Uruguay

Steam blasting machine imports into Uruguay dropped to X units in 2021, which is down by -12.8% against the year before. In general, imports, however, saw slight growth. The pace of growth was the most pronounced in 2015 with an increase of 79% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, steam blasting machine imports amounted to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 27%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of steam blasting machine to Uruguay, accounting for a 71% share of total imports. Moreover, steam blasting machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by Italy (X units), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.7% per year) and Italy (+5.7% per year).

In value terms, China ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Uruguay, comprising 59% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Italy, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.2% per year) and Italy (+3.9% per year).

Import Prices by Country

In 2021, the average steam blasting machine import price amounted to $X per unit, growing by 16% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 38%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for the UK ($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 (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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