Uruguay: Data Storage Device Market 2024

Data Storage Device Market Size in Uruguay

In 2022, after two years of growth, there was significant decline in the Uruguayan data storage device market, when its value decreased by -8.1% to $X. Overall, consumption, however, continues to indicate a noticeable reduction. Data storage device consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Data Storage Device Exports

Exports from Uruguay

Data storage device exports from Uruguay shrank dramatically to X units in 2022, which is down by -29.2% against the year before. Overall, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 56%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, data storage device exports reduced remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for data storage device exports from Uruguay, with a 63% share of total exports. Moreover, data storage device exports to the United States exceeded the volume sent to the second major destination, Ireland (X units), threefold. The UK (X units) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-0.8% per year) and the UK (+447.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for data storage devices exports from Uruguay, comprising 61% of total exports. The second position in the ranking was taken by Ireland ($X), with a 14% share of total exports. It was followed by Mexico, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-9.2% per year) and Mexico (+8.9% per year).

Export Prices by Country

The average data storage device export price stood at $X per unit in 2022, falling by -4.8% against the previous year. Overall, the export price showed a perceptible setback. The growth pace was the most rapid in 2017 an increase of 39%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Spain ($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 Free Zones (+42.5%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Uruguay

In 2022, the amount of data storage devices imported into Uruguay was estimated at X units, remaining relatively unchanged against the previous year's figure. In general, imports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 11%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, data storage device imports contracted to $X in 2022. Over the period under review, imports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest data storage device supplier to Uruguay, with a 63% share of total imports. Moreover, data storage device imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, 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: the United States (-11.6% per year) and Taiwan (Chinese) (+8.8% per year).

In value terms, China ($X) constituted the largest supplier of data storage devices to Uruguay, comprising 50% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by Thailand, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.4% per year) and Thailand (-1.0% per year).

Import Prices by Country

In 2022, the average data storage device import price amounted to $X per unit, waning by -11.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 19%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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