Uruguay: Sportswear Market 2024

Sportswear Market Size in Uruguay

In 2022, the Uruguayan sportswear market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sportswear Production in Uruguay

In value terms, sportswear production totaled $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Sportswear production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sportswear Exports

Exports from Uruguay

In 2022, overseas shipments of track suits, ski suits and swimwear increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sportswear exports surged to $X in 2022. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units) was the main destination for sportswear exports from Uruguay, with a X% share of total exports. Moreover, sportswear exports to Mexico exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was held by Argentina (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Argentina (X% per year).

In value terms, Mexico ($X) remains the key foreign market for track suits, ski suits and swimwear exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

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

Export Prices by Country

The average sportswear export price stood at $X per unit in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico ($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 Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sportswear Imports

Imports into Uruguay

In 2022, purchases abroad of track suits, ski suits and swimwear increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sportswear imports skyrocketed to $X in 2022. Overall, imports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sportswear to Uruguay, accounting for a X% share of total imports. Moreover, sportswear imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X units), tenfold. Brazil (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Brazil (X% per year).

In value terms, China ($X) constituted the largest supplier of track suits, ski suits and swimwear to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with an X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the average sportswear import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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