Uruguay: Safety Headgear Market 2022

Safety Headgear Market Size in Uruguay

In 2021, the Uruguayan safety headgear market increased by 5.1% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a abrupt curtailment. Safety headgear consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Safety Headgear Exports

Exports from Uruguay

In 2021, after four years of growth, there was significant decline in shipments abroad of safety headgear, when their volume decreased by -7.3% to X units. Overall, exports recorded a significant contraction. The growth pace was the most rapid in 2019 with an increase of 92%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, safety headgear exports amounted to $X in 2021. In general, exports faced a dramatic decline. The pace of growth was the most pronounced in 2019 when exports increased by 58%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (60 units), Venezuela (55 units) and Costa Rica (33 units) were the main destinations of safety headgear exports from Uruguay, with a combined 83% share of total exports. The Dominican Republic, Paraguay and Trinidad and Tobago lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of -4.4%), while the other leaders experienced a decline.

In value terms, Venezuela ($X) remains the key foreign market for safety headgear exports from Uruguay, comprising 82% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 10% share of total exports. It was followed by Chile, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela stood at -27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-32.2% per year) and Chile (-35.6% per year).

Export Prices by Country

The average safety headgear export price stood at $X per unit in 2021, jumping by 15% against the previous year. Overall, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, safety headgear export price decreased by -28.3% against 2017 indices. The growth pace was the most rapid in 2016 an increase of 55%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Venezuela ($X per unit), while the average price for exports to the Dominican Republic ($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 Venezuela (+12.0%), while the prices for the other major destinations experienced a decline.

Safety Headgear Imports

Imports into Uruguay

In 2021, imports of safety headgear into Uruguay soared to X units, jumping by 23% against the previous year. Overall, imports, however, saw a abrupt shrinkage. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, safety headgear imports dropped slightly to $X in 2021. Over the period under review, imports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 31% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (156K units) constituted the largest safety headgear supplier to Uruguay, with a 63% share of total imports. Moreover, safety headgear imports from China exceeded the figures recorded by the second-largest supplier, Brazil (39K units), fourfold. The third position in this ranking was held by Spain (28K units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+6.7% per year) and Spain (-7.8% per year).

In value terms, China ($X) constituted the largest supplier of safety headgear to Uruguay, comprising 66% of total imports. The second position in the ranking was held by Brazil ($X), with an 11% share of total imports. It was followed by Spain, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.4% per year) and Spain (-2.1% per year).

Import Prices by Country

The average safety headgear import price stood at $X per unit in 2021, dropping by -20.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 30% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 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 China ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :