
Uruguay - Electro-Thermic Appliances or Domestic Purposes - Market Analysis, Forecast, Size, Trends and Insights
Uruguay: Market for Electro-Thermic Appliances Or Domestic Purposes 2022
Market Size for Electro-Thermic Appliances Or Domestic Purposes in Uruguay
For the third consecutive year, the Uruguayan market for electro-thermic appliances or domestic purposes recorded growth in sales value, which increased by 23% to $X in 2021. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +11.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +23.3% against 2017 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.
Exports of Electro-Thermic Appliances Or Domestic Purposes
Exports from Uruguay
In 2021, overseas shipments of electro-thermic appliances or domestic purposes decreased by -98.4% to X units, falling for the third year in a row after three years of growth. In general, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 104% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, electro-thermic appliances or domestic purposes exports dropped dramatically to $X in 2021. Overall, exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2016 when exports increased by 121%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
Exports by Country
Israel (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Uruguay, with a 60% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Israel exceeded the volume sent to the second major destination, Argentina (X units), threefold.
From 2012 to 2021, the average annual growth rate of volume to Israel stood at -60.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (0.0% per year) and Bolivia (0.0% per year).
In value terms, Argentina ($X) emerged as the key foreign market for electro-thermic appliances or domestic purposes exports from Uruguay, comprising 89% of total exports. The second position in the ranking was taken by Israel ($X), with a 9.9% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-43.3% per year) and Bolivia (0.0% per year).
Export Prices by Country
In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, picking up by 528% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Argentina ($X per unit), while the average price for exports to Bolivia ($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 Israel (+50.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electro-Thermic Appliances Or Domestic Purposes
Imports into Uruguay
In 2021, supplies from abroad of electro-thermic appliances or domestic purposes was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 49%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.
In value terms, electro-thermic appliances or domestic purposes imports surged to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +12.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +189.0% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of 78% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.
Imports by Country
In 2021, China (X units) was the main supplier of electro-thermic appliances or domestic purposes to Uruguay, accounting for a 97% share of total imports. It was followed by Brazil (X units), with a 1.1% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +9.5%.
In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Uruguay, comprising 83% of total imports. The second position in the ranking was held by Brazil ($X), with a 3.3% share of total imports.
From 2012 to 2021, the average annual growth rate of value from China stood at +13.4%.
Import Prices by Country
The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, picking up by 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2013 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per unit), while the price for China stood at $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+26.1%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for electro-thermic appliances or domestic purposes in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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