Uruguay: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Uruguay

In 2021, the Uruguayan radio navigation apparatus market decreased by -20% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a perceptible curtailment. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Radio Navigation Apparatus Exports

Exports from Uruguay

In 2021, approx. X kg of radio navigational aid apparatus were exported from Uruguay; which is down by -67.9% on the year before. In general, exports showed a significant contraction. The growth pace was the most rapid in 2019 with an increase of 490% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, radio navigation apparatus exports reduced sharply to $X in 2021. Overall, exports showed a sharp reduction. The pace of growth was the most pronounced in 2019 with an increase of 389% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Israel (X kg), Spain (X kg) and Namibia (X kg) were the main destinations of radio navigation apparatus exports from Uruguay, together comprising 76% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +76.2%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) emerged as the key foreign market for radio navigational aid apparatus exports from Uruguay, comprising 50% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Spain, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Israel amounted to +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.2% per year) and Spain (-9.8% per year).

Export Prices by Country

In 2021, the average radio navigation apparatus export price amounted to $X per ton, dropping by -60.4% against the previous year. Overall, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2020 an increase of 271% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+80.6%), while the prices for the other major destinations experienced a decline.

Radio Navigation Apparatus Imports

Imports into Uruguay

In 2021, supplies from abroad of radio navigational aid apparatus decreased by -14.8% to X tons, falling for the second year in a row after three years of growth. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 83% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, radio navigation apparatus imports contracted dramatically to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 54%. Over the period under review, imports reached the maximum at $X in 2020, and then shrank sharply in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest radio navigation apparatus supplier to Uruguay, accounting for a 36% share of total imports. Moreover, radio navigation apparatus imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. China (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+18.3% per year) and China (-16.0% per year).

In value terms, the largest radio navigation apparatus suppliers to Uruguay were the United States ($X), Israel ($X) and Taiwan (Chinese) ($X), together comprising 53% of total imports. These countries were followed by China, the UK, Brazil and Spain, which together accounted for a further 25%.

The UK, with a CAGR of +106.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average radio navigation apparatus import price stood at $X per ton in 2021, with a decrease of -10% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radio navigation apparatus import price increased by +50.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 67% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Israel ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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