Uruguay: Swivel Seat Market 2024

Swivel Seat Market Size in Uruguay

In 2022, the Uruguayan swivel seat market decreased by -17% to $X for the first time since 2017, thus ending a four-year rising trend. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.3% against 2017 indices. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Swivel Seat Exports

Exports from Uruguay

In 2022, approx. X units of swivel seats with variable height adjustments were exported from Uruguay; approximately equating the year before. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 320%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, swivel seat exports expanded rapidly to $X in 2022. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 700% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X units) was the main destination for swivel seat exports from Uruguay, accounting for a 69% share of total exports. Moreover, swivel seat exports to Paraguay exceeded the volume sent to the second major destination, Argentina (X units), ninefold. The third position in this ranking was taken by Brazil (X units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Paraguay totaled +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-10.4% per year) and Brazil (-25.5% per year).

In value terms, Paraguay ($X) remains the key foreign market for swivel seats with variable height adjustments exports from Uruguay, comprising 93% of total exports. The second position in the ranking was taken by Argentina ($X), with a 6.3% share of total exports. It was followed by Costa Rica, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value to Paraguay totaled +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-19.2% per year) and Costa Rica (+4.8% per year).

Export Prices by Country

The average swivel seat export price stood at $X per unit in 2022, increasing by 6.3% against the previous year. Overall, the export price, however, recorded a noticeable decline. The growth pace was the most rapid in 2019 an increase of 91%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Free Zones ($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 Costa Rica (+4.8%), while the prices for the other major destinations experienced a decline.

Swivel Seat Imports

Imports into Uruguay

In 2022, after two years of growth, there was significant decline in purchases abroad of swivel seats with variable height adjustments, when their volume decreased by -8.8% to X units. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 21%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, swivel seat imports shrank rapidly to $X in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.3% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59%. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest swivel seat supplier to Uruguay, with a 87% share of total imports. Moreover, swivel seat imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), eightfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+19.6% per year) and Argentina (-27.8% per year).

In value terms, China ($X) constituted the largest supplier of swivel seats with variable height adjustments to Uruguay, comprising 78% of total imports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+15.4% per year) and Argentina (-26.0% per year).

Import Prices by Country

The average swivel seat import price stood at $X per unit in 2022, reducing by -10.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2021 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced in the following year.

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 Argentina ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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