Uruguay: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Uruguay

The Uruguayan animal or vegetable fertilisers market reached $X in 2022, growing by X% 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). Over the period under review, consumption saw a significant expansion. Animal or vegetable fertilisers consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports from Uruguay

In 2022, overseas shipments of animal or vegetable fertilisers increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a significant increase. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, animal or vegetable fertilisers exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Free Zones (X tons) was the main destination for animal or vegetable fertilisers exports from Uruguay, accounting for a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Free Zones exceeded the volume sent to the second major destination, Germany (X tons), eightfold. Zambia (X tons) ranked third in terms of total exports with a X% share.

From 2016 to 2022, the average annual growth rate of volume to Free Zones amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Zambia (X% per year).

In value terms, Free Zones ($X), Zambia ($X) and the Dominican Republic ($X) constituted the largest markets for animal or vegetable fertilisers exported from Uruguay worldwide, with a combined X% share of total exports. These countries were followed by Germany, which accounted for a further X%.

Among the main countries of destination, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average animal or vegetable fertilisers export price amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a precipitous curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 Zambia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (X%), while the prices for the other major destinations experienced a decline.

Imports of Animal Or Vegetable Fertilisers

Imports into Uruguay

In 2022, the amount of animal or vegetable fertilisers imported into Uruguay surged to X tons, rising by X% on 2021 figures. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, animal or vegetable fertilisers imports amounted to $X in 2022. In general, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Argentina (X tons), Brazil (X tons) and Germany (X tons) were the main suppliers of animal or vegetable fertilisers imports to Uruguay, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constituted the largest supplier of animal or vegetable fertilisers to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Argentina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Germany (X% per year).

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price recorded a deep downturn. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 South Africa ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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