Uruguay: Truck Crane Market 2022

Truck Crane Market Size in Uruguay

The Uruguayan truck crane market skyrocketed to $X in 2021, jumping by 46% against the previous year. In general, consumption posted resilient growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Truck Crane Production in Uruguay

In value terms, truck crane production shrank modestly to $X in 2021 estimated in export price. In general, production, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2016 with an increase of 432%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Truck Crane Exports

Exports from Uruguay

Truck crane exports from Uruguay reduced markedly to X units in 2021, which is down by -55.2% compared with 2020. In general, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 2,800%. As a result, the exports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, truck crane exports soared to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 5,240%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Argentina (X units) was the main destination for truck crane exports from Uruguay, with a 77% share of total exports. Moreover, truck crane exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Argentina stood at +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-4.4% per year) and Free Zones (0.0% per year).

In value terms, Free Zones ($X) emerged as the key foreign market for truck crane exports from Uruguay, comprising 82% of total exports. The second position in the ranking was taken by Argentina ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Free Zones was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+9.9% per year) and Paraguay (-18.6% per year).

Export Prices by Country

In 2021, the average truck crane export price amounted to $X per unit, increasing by 327% against the previous year. In general, the export price showed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Free Zones ($X per unit), while the average price for exports to Paraguay ($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 Argentina (-8.3%).

Truck Crane Imports

Imports into Uruguay

In 2021, purchases abroad of truck cranes increased by 228% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by 733% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, truck crane imports reduced remarkably to $X in 2021. In general, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 326%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main truck crane supplier to Uruguay, with a 96% share of total imports. Moreover, truck crane imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +62.5%.

In value terms, China ($X) constituted the largest supplier of truck crane to Uruguay, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 32% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +43.0%.

Import Prices by Country

In 2021, the average truck crane import price amounted to $X per unit, which is down by -75.2% against the previous year. Overall, the import price showed a sharp reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 69% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+23.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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