Uruguay: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in Uruguay

In 2021, the Uruguayan transmission apparatus market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Transmission Apparatus Exports

Exports from Uruguay

After two years of decline, overseas shipments of transmission apparatus incorporating reception apparatus increased by 182% to X tons in 2021. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 263%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, transmission apparatus exports soared to $X in 2021. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 360% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for transmission apparatus exports from Uruguay, with a 56% share of total exports. Moreover, transmission apparatus exports to the United States exceeded the volume sent to the second major destination, Belgium (X kg), twofold. Switzerland (X kg) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +75.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+248.6% per year) and Switzerland (+33.4% per year).

In value terms, the United States ($X) emerged as the key foreign market for transmission apparatus incorporating reception apparatus exports from Uruguay, comprising 73% of total exports. The second position in the ranking was taken by Togo ($X), with a 7.2% share of total exports. It was followed by Switzerland, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +77.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (0.0% per year) and Switzerland (+107.7% per year).

Export Prices by Country

In 2021, the average transmission apparatus export price amounted to $X per ton, declining by -24.6% against the previous year. Overall, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 196%. The export price peaked at $X per ton in 2020, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 Brazil (+45.7%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Uruguay

In 2021, purchases abroad of transmission apparatus incorporating reception apparatus decreased by -1.7% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 19%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, transmission apparatus imports reached $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.3% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of transmission apparatus to Uruguay, accounting for a 67% share of total imports. Moreover, transmission apparatus imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. Hong Kong SAR (X tons) ranked third in terms of total imports with an 8.9% 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: Vietnam (+152.3% per year) and Hong Kong SAR (+12.2% per year).

In value terms, China ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to Uruguay, comprising 66% of total imports. The second position in the ranking was held by Vietnam ($X), with a 22% share of total imports. It was followed by Hong Kong SAR, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+144.9% per year) and Hong Kong SAR (+18.0% per year).

Import Prices by Country

In 2021, the average transmission apparatus import price amounted to $X per ton, rising by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 27%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :