Uruguay: Canned Vegetable Market 2024

Canned Vegetable Market Size in Uruguay

The Uruguayan canned vegetable market expanded notably to $X in 2022, picking up by 8% 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). The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Canned Vegetable Exports

Exports from Uruguay

In 2022, overseas shipments of canned vegetables decreased by -11.2% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, saw modest growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,395%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, canned vegetable exports contracted remarkably to $X in 2022. Overall, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by 820% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for canned vegetable exports from Uruguay, accounting for a 68% share of total exports. Moreover, canned vegetable exports to Brazil exceeded the volume sent to the second major destination, Paraguay (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at +52.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-14.3% per year) and Chile (+25.7% per year).

In value terms, the largest markets for canned vegetable exported from Uruguay were Paraguay ($X), Brazil ($X) and Chile ($X), together accounting for 99.9% of total exports.

Brazil, with a CAGR of +48.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average canned vegetable export price amounted to $X per ton, falling by -20% against the previous year. Over the period under review, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 155%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Brazil ($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 the United Arab Emirates (+171.8%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Uruguay

In 2022, imports of canned vegetables into Uruguay reduced to X tons, waning by -2.8% against the previous year. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, canned vegetable imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Brazil (X tons), Argentina (X tons) and Italy (X tons) were the main suppliers of canned vegetable imports to Uruguay, together comprising 81% of total imports. The Netherlands, Spain and Egypt lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +55.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Brazil ($X) and Spain ($X) were the largest canned vegetable suppliers to Uruguay, together accounting for 78% of total imports. The Netherlands, Italy and Egypt lagged somewhat behind, together comprising a further 13%.

The Netherlands, with a CAGR of +67.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 canned vegetable import price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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