Uruguay: Walking-Sticks And Whips Market 2023

Walking-Sticks And Whips Market Size in Uruguay

The Uruguayan walking-sticks and whips market dropped markedly to $X in 2021, with a decrease of -40% 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). Overall, consumption continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Walking-Sticks And Whips Exports

Exports from Uruguay

For the third year in a row, Uruguay recorded growth in overseas shipments of walking-sticks, seat-sticks, whips and riding-crops, which increased by 292% to X kg in 2021. Overall, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by 400% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, walking-sticks and whips exports surged to $X in 2021. In general, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 539%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Lebanon (X kg) was the main destination for walking-sticks and whips exports from Uruguay, with a 82% share of total exports. Moreover, walking-sticks and whips exports to Lebanon exceeded the volume sent to the second major destination, the United States (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Lebanon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.0% per year) and Chile (0.0% per year).

In value terms, Chile ($X) emerged as the key foreign market for walking-sticks and whips exports from Uruguay, comprising 60% of total exports. The second position in the ranking was taken by Lebanon ($X), with a 27% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (0.0% per year) and the United States (-21.6% per year).

Export Prices by Country

The average walking-sticks and whips export price stood at $X per ton in 2021, reducing by -4.5% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 45%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per ton), while the average price for exports to Lebanon ($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 (+3.0%).

Walking-Sticks And Whips Imports

Imports into Uruguay

In 2021, the amount of walking-sticks, seat-sticks, whips and riding-crops imported into Uruguay reduced remarkably to X tons, with a decrease of -48.9% compared with 2020 figures. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by 49%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, walking-sticks and whips imports declined notably to $X in 2021. Overall, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 75% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main walking-sticks and whips supplier to Uruguay, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -5.8%.

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Uruguay.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -6.8%.

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, jumping by 23% against the previous year. Over the period under review, the import price, however, showed a slight curtailment. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -1.1% per year.

Source: IndexBox Market Intelligence Platform

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