Uruguay: Market for Toothed wheels, chain sprockets and other transmission elements 2024

Market Size for Toothed wheels, chain sprockets and other transmission elements in Uruguay

In 2021, the Uruguayan market for toothed wheels, chain sprockets and other transmission elements increased by 110% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Uruguay

In 2021, approx. X kg of toothed wheels, chain sprockets and other transmission elements were exported from Uruguay; waning by -47.1% compared with the year before. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 68%. Over the period under review, the exports of reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements shrank notably to $X in 2021. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 115%. Over the period under review, the exports of reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg), Argentina (X kg) and Germany (X kg) were the main destinations of exports of toothed wheels, chain sprockets and other transmission elements from Uruguay, with a combined 91% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +24.1%), while shipments for the other leaders experienced a decline.

In value terms, Argentina ($X), Germany ($X) and the United States ($X) constituted the largest markets for toothed wheels, chain sprockets and other transmission elements exported from Uruguay worldwide, together comprising 94% of total exports.

In terms of the main countries of destination, Argentina, with a CAGR of +24.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, which is down by -6.5% against the previous year. In general, the export price, however, continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 56% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Paraguay ($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 Germany (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Uruguay

In 2021, overseas purchases of toothed wheels, chain sprockets and other transmission elements increased by 125% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021. Over the period under review, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of imports of toothed wheels, chain sprockets and other transmission elements to Uruguay, together comprising 68% of total imports. Italy, Germany, Turkey and Argentina lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +25.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest toothed wheels, chain sprockets and other transmission elements suppliers to Uruguay were the United States ($X), Germany ($X) and Brazil ($X), with a combined 56% share of total imports. China, Italy, Argentina and Turkey lagged somewhat behind, together accounting for a further 27%.

Turkey, with a CAGR of +19.9%, saw 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

In 2021, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, dropping by -8.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 17%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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