Uruguay: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2024

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Uruguay

In 2022, the Uruguayan market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption recorded a abrupt decline. Grease fittings and oil seals consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Uruguay

For the third consecutive year, Uruguay recorded decline in overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, which decreased by X% to X units in 2022. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, grease fittings and oil seals exports rose sharply to $X in 2022. Overall, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for grease fittings and oil seals exports from Uruguay, accounting for a X% share of total exports. Moreover, grease fittings and oil seals exports to Spain exceeded the volume sent to the second major destination, Argentina (X units), twofold. The third position in this ranking was held by Italy (X units), with a X% share.

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

In value terms, the largest markets for grease fittings and oil seals exported from Uruguay were Italy ($X), Spain ($X) and Brazil ($X), with a combined X% share of total exports.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Argentina ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Uruguay

In 2022, the amount of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels imported into Uruguay shrank to X units, remaining constant against the year before. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, grease fittings and oil seals imports rose markedly to $X in 2022. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X units), Argentina (X units) and China (X units) were the main suppliers of grease fittings and oil seals imports to Uruguay, with a combined X% share of total imports. The United States, the UK, Italy, Taiwan (Chinese), Germany, Mexico and Peru lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Brazil ($X), Argentina ($X) and the United States ($X) appeared to be the largest grease fittings and oil seals suppliers to Uruguay, with a combined X% share of total imports. Italy, the UK, China, Taiwan (Chinese), Germany, Mexico and Peru lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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