Plugs and Socket Price in Uruguay - 2023
Contents:
- Plugs and Socket Price in Uruguay (CIF) - 2022
- Plugs and Socket Price in Uruguay (FOB) - 2022
- Plugs and Socket Imports in Uruguay
- Plugs and Socket Exports in Uruguay
Plugs and Socket Price in Uruguay (CIF) - 2022
The average plugs and socket import price stood at $0.1 per unit in 2022, growing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 18% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($0.4 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Uruguay (FOB) - 2022
The average plugs and socket export price stood at $0.4 per unit in 2022, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2021 an increase of 19% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($0.4 per unit), while the average price for exports to Guatemala ($0.2 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 Argentina (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Uruguay
In 2022, the amount of electrical plugs and sockets for under 1000 v imported into Uruguay expanded significantly to 25M units, growing by 14% compared with 2021. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports soared to $3M in 2022. The total import value increased at an average annual rate of +9.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Plugs and Socket in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,687 | 1,534 | 1,636 | 1,987 | 5.6% |
| Italy | 132 | 71.9 | 195 | 277 | 28.0% |
| United States | 37.3 | 54.9 | 97.7 | 248 | 88.0% |
| Argentina | 181 | 187 | 246 | 237 | 9.4% |
| Brazil | 35.2 | 43.8 | 41.2 | 73.9 | 28.0% |
| Others | 225 | 159 | 155 | 201 | -3.7% |
| Total | 2,297 | 2,050 | 2,371 | 3,024 | 9.6% |
Top Suppliers of Plugs and Socket to Uruguay in 2022:
- China (19.5M units)
- Italy (1.6M units)
- Argentina (1.6M units)
- Brazil (0.6M units)
- United States (0.6M units)
Plugs and Socket Exports in Uruguay
After two years of decline, shipments abroad of electrical plugs and sockets for under 1000 v increased by 14% to 1.2M units in 2022. Overall, exports, however, continue to indicate a abrupt descent. The exports peaked at 1.5M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, plugs and socket exports soared to $471K in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Plugs and Socket in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 175 | 161 | 196 | 275 | 16.3% |
| Bolivia | 140 | 144 | 104 | 149 | 2.1% |
| Guatemala | 56.5 | 46.9 | 40.6 | 30.2 | -18.8% |
| Argentina | 21.8 | 7.7 | 6.7 | 3.8 | -44.1% |
| Peru | 26.4 | 13.4 | N/A | 1.8 | -59.1% |
| Others | 27.3 | 9.7 | 23.3 | 12.2 | -23.5% |
| Total | 448 | 383 | 371 | 471 | 1.7% |
Top Export Markets for Plugs and Socket from Uruguay in 2022:
- Paraguay (669.8K units)
- Bolivia (369.4K units)
- Guatemala (155.5K units)
- Argentina (10.6K units)
- Peru (3.4K units)
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