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Report Uruguay - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Uruguay - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Animal Fats Market 2024

Animal Fats Market Size in Uruguay

After five years of growth, the Uruguayan animal fats market decreased by -26.4% to $X in 2021. Over the period under review, consumption, however, continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2020, and then shrank significantly in the following year.

Animal Fats Production in Uruguay

In value terms, animal fats production fell markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 177% against the previous year. Animal fats production peaked at $X in 2020, and then reduced notably in the following year.

Animal Fats Exports

Exports from Uruguay

Animal fats exports from Uruguay was estimated at X tons in 2017, remaining stable against 2016. In general, exports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2014. Over the period under review, the exports reached the peak figure in 2017 and are likely to see steady growth in the immediate term.

In value terms, animal fats exports stood at $X in 2017. Overall, exports enjoyed a resilient increase. The smallest decline of 99.9% was in 2014. Over the period under review, the exports hit record highs in 2017 and are likely to see steady growth in the immediate term.

Exports by Country

Swaziland (X tons) was the main destination for animal fats exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2013 to 2017, the average annual rate of growth in terms of volume to Swaziland was relatively modest.

From 2013 to 2017, the average annual rate of growth in terms of value to Swaziland was relatively modest.

Export Prices by Country

In 2017, the average animal fats export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2014 a decrease of 99.9%. The export price peaked in 2017 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Swaziland.

From 2013 to 2017, the rate of growth in terms of prices for Swaziland amounted to 0.0% per year.

Animal Fats Imports

Imports into Uruguay

In 2021, animal fats imports into Uruguay shrank markedly to X tons, declining by -88.1% against the previous year. In general, imports showed a sharp contraction. The pace of growth was the most pronounced in 2016 with an increase of 664%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, animal fats imports fell rapidly to $X in 2021. Overall, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 612%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of animal fats to Uruguay, accounting for a 82% share of total imports. Moreover, animal fats imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X kg), eightfold. The United States (X kg) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to -27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-32.1% per year) and the United States (+21.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of animal fats and oils to Uruguay, comprising 62% of total imports. The second position in the ranking was held by the United States ($X), with a 23% share of total imports. It was followed by the Netherlands, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled -32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.9% per year) and the Netherlands (-12.6% per year).

Import Prices by Country

The average animal fats import price stood at $X per ton in 2021, falling by -15.9% against the previous year. In general, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 31%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of animal fats consumption in 2020 were China, the U.S. and India, with a combined 27% share of global consumption. Italy, Japan, Russia, Brazil, Indonesia, Spain, Germany, Mexico, Pakistan and France lagged somewhat behind, together accounting for a further 26%.
China constituted the country with the largest volume of animal fats production, comprising approx. 15% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. India ranked third in terms of total production with a 5.6% share.
In value terms, Argentina and the Netherlands constituted the largest animal fats suppliers to Uruguay.
The average animal fats export price stood at $953 per ton in 2017, standing approx. at the previous year.
In 2020, the average animal fats import price amounted to $426 per ton, which is down by -61.8% against the previous year.

This report provides an in-depth analysis of the animal fats market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

Country coverage:

  • Uruguay

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Uruguay
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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