Uruguay: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Uruguay

The Uruguayan non-enclosed loudspeakers market fell notably to $X in 2021, dropping by -27.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Enclosed Loudspeakers Exports

Exports from Uruguay

In 2021, overseas shipments of loudspeakers (not in enclosure) increased by 467% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-enclosed loudspeakers exports skyrocketed to $X in 2021. Overall, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Panama (X units) was the main destination for non-enclosed loudspeakers exports from Uruguay, with a 96% share of total exports. It was followed by Paraguay (X units), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Panama amounted to +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+23.8% per year) and Chile (-3.8% per year).

In value terms, Panama ($X) remains the key foreign market for loudspeakers (not in enclosure) exports from Uruguay, comprising 59% of total exports. The second position in the ranking was taken by Chile ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama amounted to +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-0.9% per year) and Paraguay (+13.0% per year).

Export Prices by Country

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, dropping by -47.6% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of 571% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per unit), while the average price for exports to Panama ($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 Chile (+3.0%), while the prices for the other major destinations experienced a decline.

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Non-Enclosed Loudspeakers Imports

Imports into Uruguay

For the third consecutive year, Uruguay recorded growth in supplies from abroad of loudspeakers (not in enclosure), which increased by 0.8% to X units in 2021. In general, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of 48% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-enclosed loudspeakers imports fell rapidly to $X in 2021. Over the period under review, imports, however, faced a deep reduction. The growth pace was the most rapid in 2019 when imports increased by 17%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest non-enclosed loudspeakers supplier to Uruguay, accounting for a 78% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), tenfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+13.1% per year) and Hong Kong SAR (-8.6% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Uruguay, comprising 47% of total imports. The second position in the ranking was held by Brazil ($X), with an 11% share of total imports. It was followed by Vietnam, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-4.3% per year) and Vietnam (-7.3% per year).

Import Prices by Country

The average non-enclosed loudspeakers import price stood at $X per unit in 2021, shrinking by -38.1% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 31%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Panama ($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 Arab Emirates (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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