Uruguay: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Uruguay

The Uruguayan food manufacture machinery market contracted dramatically to $X in 2022, falling by X% 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 continues to indicate a abrupt setback. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Food Manufacture Machinery Exports

Exports from Uruguay

In 2022, approx. X units of machinery for the preparation or manufacture of food or drink were exported from Uruguay; waning by X% compared with the previous year. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, food manufacture machinery exports soared to $X in 2022. In general, exports continue to indicate a abrupt downturn. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for food manufacture machinery exports from Uruguay, accounting for a X% share of total exports. Moreover, food manufacture machinery exports to Spain exceeded the volume sent to the second major destination, Mexico (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Peru (X% per year).

In value terms, Mexico ($X) emerged as the key foreign market for machinery for the preparation or manufacture of food or drink exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the average food manufacture machinery export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price enjoyed a notable expansion. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Spain ($X 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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Uruguay

Food manufacture machinery imports into Uruguay contracted to X units in 2022, which is down by X% compared with 2021 figures. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, food manufacture machinery imports declined rapidly to $X in 2022. Over the period under review, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Spain (X units) were the main suppliers of food manufacture machinery imports to Uruguay, with a combined X% share of total imports. Taiwan (Chinese), Italy, Brazil and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and China ($X) appeared to be the largest food manufacture machinery suppliers to Uruguay, together comprising X% of total imports. Taiwan (Chinese), Spain, France and Brazil lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average food manufacture machinery import price amounted to $X per unit, which is down by X% against the previous year. Overall, the import price saw a abrupt decline. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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