Uruguay: Winche And Capstan Market 2024

Winche And Capstan Market Size in Uruguay

In 2021, the Uruguayan winche and capstan market decreased by less than 0.1% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a abrupt contraction. Winche and capstan consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Winche And Capstan Exports

Exports from Uruguay

In 2021, exports of winches and capstans from Uruguay soared to X units, jumping by 441% compared with the year before. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 2,400%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, winche and capstan exports soared to $X in 2021. Overall, exports saw a significant increase. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X units) was the main destination for winche and capstan exports from Uruguay, with a 62% share of total exports. Moreover, winche and capstan exports to Panama exceeded the volume sent to the second major destination, Chile (X units), twofold. The third position in this ranking was taken by Paraguay (X units), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama totaled +291.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+49.1% per year) and Paraguay (0.0% per year).

In value terms, Panama ($X) emerged as the key foreign market for winches and capstans exports from Uruguay, comprising 41% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by Chile, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+62.7% per year) and Chile (+60.3% per year).

Export Prices by Country

The average winche and capstan export price stood at $X per unit in 2021, growing by 45% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 96% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Brazil ($X per unit), while the average price for exports to Chile ($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 South Korea (+142.7%), while the prices for the other major destinations experienced more modest paces of growth.

Winche And Capstan Imports

Imports into Uruguay

For the third year in a row, Uruguay recorded growth in supplies from abroad of winches and capstans, which increased by 35% to X units in 2021. Over the period under review, imports, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 55%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, winche and capstan imports fell sharply to $X in 2021. Overall, imports, however, saw a deep contraction. The growth pace was the most rapid in 2019 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of winche and capstan to Uruguay, accounting for a 62% share of total imports. Moreover, winche and capstan imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. Canada (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+17.5% per year) and Canada (+63.2% per year).

In value terms, Taiwan (Chinese) ($X), China ($X) and Canada ($X) were the largest winche and capstan suppliers to Uruguay, with a combined 62% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +13.9%, 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 winche and capstan import price amounted to $X per unit, reducing by -38.8% against the previous year. Over the period under review, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 55%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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