Uruguay: Vehicle Radio Market 2022

Vehicle Radio Market Size in Uruguay

The Uruguayan vehicle radio market reduced remarkably to $X in 2021, waning 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). Over the period under review, consumption, however, continues to indicate a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Vehicle Radio Exports

Exports from Uruguay

In 2021, the amount of radio receivers for motor vehicles exported from Uruguay contracted to X units, falling by -X% against the year before. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, vehicle radio exports reduced to $X in 2021. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for vehicle radio exports from Uruguay, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled +X%.

In value terms, Chile ($X) also remains the key foreign market for vehicle radio exports from Uruguay.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to +X%.

Export Prices by Country

The average vehicle radio export price stood at $X per unit in 2021, increasing by X% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vehicle radio export price decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to +X% per year.

Vehicle Radio Imports

Imports into Uruguay

In 2021, vehicle radio imports into Uruguay declined remarkably to X units, with a decrease of -X% compared with the previous year. In general, imports, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth imports remained at a lower figure.

In value terms, vehicle radio imports contracted sharply to $X in 2021. Overall, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of vehicle radio to Uruguay, accounting for a X% share of total imports. Moreover, vehicle radio imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), fourfold. The third position in this ranking was occupied by Indonesia (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-X% per year) and Indonesia (+X% per year).

In value terms, China ($X) constituted the largest supplier of vehicle radio to Uruguay, comprising X% of total imports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-X% per year) and Indonesia (-X% per year).

Import Prices by Country

The average vehicle radio import price stood at $X per unit in 2021, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform