Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Uruguay - 2023

Contents:

1. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Uruguay (CIF) - 2022
2. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Uruguay (FOB) - 2022
3. Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Uruguay
4. Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Uruguay

Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Uruguay (CIF) - 2022

In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $67 per thousand units, increasing by 26% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. Over the period under review, average import prices hit record highs at $68 per thousand units in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 ($381 per thousand units), while the price for India ($16 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Uruguay (FOB) - 2022

In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.1 per unit, with an increase of 14% against the previous year. Over the period under review, the export price showed a strong increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 211% against the previous year. Over the period under review, the average export prices hit record highs at $0.1 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Argentina ($0.2 per unit), while the average price for exports to Colombia (less than $0.1 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 Panama (+50.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Uruguay

In 2022, approx. 202M units of electrical circuit prefabricated elements, connectors, contact elements and other equipment were imported into Uruguay; picking up by 13% on 2021. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment skyrocketed to $14M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Uruguay in 2022:

1. China (103.5M units)
2. Japan (29.1M units)
3. Brazil (15.8M units)
4. United States (10.9M units)
5. Argentina (6.3M units)
6. Serbia (4.8M units)
7. Italy (4.0M units)
8. Thailand (3.9M units)
9. Spain (3.9M units)
10. India (3.2M units)
11. Germany (3.2M units)

Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Uruguay

Exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment from Uruguay soared to 661K units in 2022, rising by 30% against the previous year. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 306% against the previous year. As a result, the exports attained the peak of 2.2M units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment skyrocketed to $90K in 2022. Overall, exports continue to indicate a pronounced expansion. The growth pace was the most rapid in 2020 when exports increased by 100%. As a result, the exports reached the peak of $156K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Uruguay in 2022:

1. Paraguay (183.8K units)
2. Germany (174.5K units)
3. Free Zones (79.0K units)
4. Colombia (64.7K units)
5. Spain (51.9K units)
6. Argentina (43.1K units)
7. Brazil (28.9K units)
8. United States (20.2K units)

Source: IndexBox Market Intelligence Platform