Umbrella Price in Uruguay - 2022

Contents:

  1. Umbrella Price in Uruguay (CIF) - 2022
  2. Umbrella Price in Uruguay (FOB) - 2022
  3. Umbrella Imports in Uruguay
  4. Umbrella Exports in Uruguay

Umbrella Price in Uruguay (CIF) - 2022

The average umbrella import price stood at $4.2 per unit in 2022, with a decrease of -6.2% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella import price increased by +46.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 56%. As a result, import price attained the peak level of $4.5 per unit, and then reduced in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.3% per year.

Umbrella Price in Uruguay (FOB) - 2022

In 2022, the average umbrella export price amounted to $5.6 per unit, declining by -5.9% against the previous year. Over the period under review, the export price continues to indicate a mild decline. The pace of growth was the most pronounced in 2014 an increase of 301%. As a result, the export price attained the peak level of $17 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($6.9 per unit), while the average price for exports to Costa Rica ($2.8 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 Guatemala (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella Imports in Uruguay

In 2022, overseas purchases of umbrellas were finally on the rise to reach 614K units after two years of decline. Overall, imports, however, continue to indicate a pronounced decrease. Over the period under review, imports hit record highs at 713K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, umbrella imports skyrocketed to $2.6M in 2022. In general, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 50%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Umbrella in Uruguay (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.11.31.92.33.1%
Others0.30.10.20.30.0%
Total2.41.42.22.62.7%

Top Suppliers of Umbrella to Uruguay in 2022:

  1. China (598.7K units)

Umbrella Exports in Uruguay

Umbrella exports from Uruguay declined significantly to 181 units in 2022, with a decrease of -32.7% compared with 2021 figures. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 67% against the previous year. The exports peaked at 351 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, umbrella exports shrank dramatically to $1K in 2022. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports attained the peak of $1.6K, and then reduced remarkably in the following year.

Export of Umbrella in Uruguay (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile624389485508-6.6%
Paraguay491260294286-16.5%
Free Zones93.010596.016521.1%
Brazil26.03.023.035.010.4%
Costa Rica14.013.090.017.06.7%
PeruN/AN/A310N/A0%
Others346512299N/A-7.0%
Total1,5941,2821,5971,011-14.1%

Top Export Markets for Umbrella from Uruguay in 2022:

  1. Chile (81.0 units)
  2. Paraguay (64.0 units)
  3. Free Zones (24.0 units)
  4. Brazil (6.0 units)
  5. Costa Rica (6.0 units)

Source: IndexBox Market Intelligence Platform

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