From January to August 2021, the bilateral import and export volume of goods between China and Uruguay was US$3,750.16 million, an increase of US$1,295.5947 million compared with the same period in 2020, a year-on-year increase of 52.8%.
From January to August 2021, the total value of China's exports to Uruguay was US$1,751,985,800, an increase of US$712,601,800 compared with the same period in 2020, a year-on-year increase of 68.8%; the total value of China's imports from Uruguay was US$1,998,177,800, compared with 2020 During the same period, it increased by $582.9928 million, a year-on-year increase of 41%.
Uruguay is at a moderate level of development in Latin Amerika. The economy is small, the industrial structure is single, and it depends on exports. Agriculture and animal husbandry are relatively developed, mainly producing and exporting meat, wool, aquatic products, leather and rice. The industry is dominated by the processing of agricultural and animal husbandry products. From the data point of view, the level of trade between China and Uruguay is in a relatively high growth stage, but the overall scale is small. As a Chinese crane supplier, Dongqi Crane is committed to opening up the Uruguay crane market, but so far, it has not obtained cooperation in crane projects. At present, Uruguay's cranes are mainly imported from Spanyol. In terms of import scale, China's cranes are in third place. In order to better open the Uruguay crane market, this article will analyze the prospects of the Uruguay crane market in 2022 from the import and export data of Uruguay overhead cranes
Before we start discussing the aerial crane market in Uruguay, we have a few small questions that need to be answered first. Let’s take a look
The Uruguay Overhead Crane Market grew by X% to $X in 2020, rising for the second year in a row after three consecutive years of declines. During the period under review, consumption showed a strong growth trend. The most significant growth rate occurred in 2015, with an X% year-over-year increase. As a result, consumption reaches a peak level of X dollars. From 2016 to 2020, the market growth rate remained at a low level.
In 2020, Uruguay exported X units of overhead cranes, roughly the same as the previous year. Overall, exports showed a relatively flat trend pattern. Overhead crane exports in 2020 are X dollars by value. Overall, exports showed a relatively stable trend pattern. During the period under review, exports peaked at $X in 2017; however, from 2018 to 2020, export figures were slightly lower.
In 2020, foreign supply of fixed-support overhead cranes increased by X% to X units, increasing for the second consecutive year after declining for three consecutive years. Overall, imports have grown significantly. The most significant growth rate occurred in 2015, when imports increased by X% over the previous year. As a result, imports peaked at X units. Import growth failed to regain momentum between 2016 and 2020.
Overhead crane imports surged to $X in 2020 by value. Overall, imports continue to show resilient expansion. During the period under review, imports hit an all-time high of $X in 2015; however, from 2016 to 2020, import volumes have remained low.
In 2020, Spain (X units) was the largest supplier of overhead cranes to Uruguay, accounting for X% of total imports. In addition, overhead cranes imported from Spain were three times higher than the number recorded by the second largest supplier, China (X units). Brazil (X units) ranked third with X% of total imports.
From 2007 to 2020, the average annual growth rate of sales in Spain was +X%. The average annual growth rates of imports for the remaining suppliers are as follows: China (+X% per annum) and Brazil (+X% per annum). Spain ($X) is the largest supplier of overhead cranes to Uruguay by value, representing X% of total imports. In second place is the Netherlands ($X) with X% of total imports. It is followed by China with an X% share.
From 2007 to 2020, the average annual growth in value from Spain totaled +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Netherlands (+X% per annum) and China (+X% per annum).
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