Uruguay: Transmission Shaft Market 2024

Transmission Shaft Market Size in Uruguay

In 2022, the Uruguayan transmission shaft market increased by 34% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Transmission Shaft Exports

Exports from Uruguay

In 2022, overseas shipments of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain decreased by -25% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, continue to indicate a modest increase. The pace of growth appeared the most rapid in 2020 with an increase of 141%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, transmission shaft exports plummeted to $X in 2022. Over the period under review, exports, however, enjoyed a noticeable increase. The pace of growth was the most pronounced in 2016 with an increase of 188% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Argentina (X tons) and Denmark (X tons) were the main destinations of transmission shaft exports from Uruguay, with a combined 68% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +90.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Argentina ($X) and Brazil ($X) were the largest markets for transmission shaft exported from Uruguay worldwide, together comprising 74% of total exports.

Among the main countries of destination, Denmark, with a CAGR of +110.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average transmission shaft export price amounted to $X per ton, growing by 12% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, transmission shaft export price increased by +48.6% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

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 Denmark ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into Uruguay

In 2022, supplies from abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 25% to X tons, rising for the third consecutive year after four years of decline. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 40% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, transmission shaft imports soared to $X in 2022. The total import value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of transmission shaft to Uruguay, accounting for a 44% share of total imports. Moreover, transmission shaft imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+0.2% per year) and Germany (+12.8% per year).

In value terms, China ($X), the United States ($X) and Brazil ($X) constituted the largest transmission shaft suppliers to Uruguay, together comprising 54% of total imports. Germany, Italy, Spain, Argentina and Turkey lagged somewhat behind, together accounting for a further 27%.

Turkey, with a CAGR of +17.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average transmission shaft import price amounted to $X per ton, growing by 8.2% against the previous year. Over the period under review, the import price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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