Uruguay: Computing Machinery Market 2024

Computing Machinery Market Size in Uruguay

In 2022, the Uruguayan computing machinery market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a perceptible contraction. Computing machinery consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Computing Machinery Exports

Exports from Uruguay

For the third year in a row, Uruguay recorded decline in shipments abroad of computing machinery and parts and accessories thereof, which decreased by X% to X units in 2022. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, computing machinery exports expanded notably to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X units) was the main destination for computing machinery exports from Uruguay, with a X% share of total exports. Moreover, computing machinery exports to Panama exceeded the volume sent to the second major destination, Costa Rica (X units), threefold. The third position in this ranking was taken by Jamaica (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Jamaica (X% per year).

In value terms, Panama ($X) emerged as the key foreign market for computing machinery and parts and accessories thereof exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Jamaica, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Jamaica (X% per year).

Export Prices by Country

The average computing machinery export price stood at $X per unit in 2021, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Costa Rica ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Uruguay

Computing machinery imports into Uruguay declined remarkably to X units in 2022, dropping by X% compared with 2021 figures. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, computing machinery imports contracted markedly to $X in 2022. Overall, imports saw a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest computing machinery supplier to Uruguay, with a X% share of total imports. Moreover, computing machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Japan (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Uruguay, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

Import Prices by Country

The average computing machinery import price stood at $X per unit in 2021, growing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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