Uruguay: Non-Propelled Vehicle Market 2025

Non-Propelled Vehicle Market Size in Uruguay

The Uruguayan non-propelled vehicle market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Propelled Vehicle Exports

Exports from Uruguay

In 2021, the amount of vehicles not mechanically propelled exported from Uruguay surged to X units, rising by 392% on 2020 figures. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,028%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, non-propelled vehicle exports skyrocketed to $X in 2021. In general, exports recorded resilient growth. The growth pace was the most rapid in 2019 with an increase of 609% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Argentina (X units) was the main destination for non-propelled vehicle exports from Uruguay, with a 69% share of total exports. Moreover, non-propelled vehicle exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X units), fourfold. The third position in this ranking was held by Bolivia (X units), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina totaled +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-2.4% per year) and Bolivia (+11.7% per year).

In value terms, the largest markets for non-propelled vehicle exported from Uruguay were Paraguay ($X), Argentina ($X) and the United States ($X), together comprising 94% of total exports.

Among the main countries of destination, the United States, with a CAGR of +130.5%, recorded 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

The average non-propelled vehicle export price stood at $X per unit in 2021, shrinking by -43.6% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of 298%. As a result, the export price attained the peak level of $X per unit, and then contracted notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Propelled Vehicle Imports

Imports into Uruguay

In 2021, the amount of vehicles not mechanically propelled imported into Uruguay surged to X units, jumping by 90% compared with 2020 figures. Overall, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-propelled vehicle imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X units), China (X units) and Finland (X units) were the main suppliers of non-propelled vehicle imports to Uruguay, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +135.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Finland ($X) and Brazil ($X) appeared to be the largest non-propelled vehicle suppliers to Uruguay, together comprising 86% of total imports.

In terms of the main suppliers, Finland, with a CAGR of +137.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average non-propelled vehicle import price amounted to $X per unit, surging by 9.2% against the previous year. Overall, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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