Uruguay: Biological Product Market 2025

Biological Product Market Size in Uruguay

In 2022, the Uruguayan biological product market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption recorded resilient growth. Biological product consumption peaked in 2022 and is likely to continue growth in years to come.

Biological Product Production in Uruguay

In value terms, biological product production expanded to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Biological product production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Biological Product Exports

Exports from Uruguay

In 2022, shipments abroad of biological products decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, biological product exports reduced markedly to $X in 2022. Overall, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

Colombia (X tons) was the main destination for biological product exports from Uruguay, with a X% share of total exports. Moreover, biological product exports to Colombia exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Brazil (X% per year).

In value terms, China ($X) emerged as the key foreign market for biological products exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with an X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average biological product export price amounted to $X per ton, falling by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Uruguay

After two years of growth, supplies from abroad of biological products decreased by X% to X tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, biological product imports shrank sharply to $X in 2022. Overall, imports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest biological product supplier to Uruguay, with a X% share of total imports. Moreover, biological product imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by Paraguay (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Paraguay (X% per year).

In value terms, Germany ($X), Brazil ($X) and Switzerland ($X) constituted the largest biological product suppliers to Uruguay, with a combined X% share of total imports. Paraguay, Argentina, the United States, Japan, Austria, South Korea and France lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Paraguay, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average biological product import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2019 an increase of 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 Switzerland ($X,494 per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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