Uruguay: Cereal Market 2025

Cereal Market Size in Uruguay

For the third consecutive year, the Uruguayan cereal market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption recorded a noticeable reduction. Cereal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cereal Production in Uruguay

In value terms, cereal production amounted to $X in 2022 estimated in export price. Overall, production showed a perceptible downturn. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average cereal yield in Uruguay fell modestly to X tons per ha, with a decrease of X% on 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the yield increased by X%. The cereal yield peaked at X tons per ha in 2021, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cereal harvested area in Uruguay reduced slightly to X ha, dropping by X% against 2021. Overall, the harvested area showed a pronounced setback. The growth pace was the most rapid in 2020 with an increase of X%. The cereal harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Cereal Exports

Exports from Uruguay

In 2022, overseas shipments of cereals increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cereal exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X tons) was the main destination for cereal exports from Uruguay, accounting for a X% share of total exports. Moreover, cereal exports to Free Zones exceeded the volume sent to the second major destination, Venezuela (X tons), fivefold. Brazil (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Free Zones ($X) remains the key foreign market for cereals exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 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 Free Zones was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Brazil (X% per year).

Export Prices by Country

The average cereal export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Brazil ($X per ton), while the average price for exports to Costa Rica ($X per ton) and Algeria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cereal Imports

Imports into Uruguay

In 2022, purchases abroad of cereals was finally on the rise to reach X tons after three years of decline. In general, imports posted a perceptible expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, cereal imports skyrocketed to $X in 2022. Overall, total imports indicated a slight expansion 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Paraguay (X tons) constituted the largest cereal supplier to Uruguay, with a X% share of total imports. Moreover, cereal imports from Paraguay exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold.

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

In value terms, the largest cereal suppliers to Uruguay were Paraguay ($X), Argentina ($X) and Brazil ($X), together comprising X% of total imports.

Among the main suppliers, Brazil, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cereal import price amounted to $X per ton, falling by X% against the previous year. In general, the import price showed a perceptible decline. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced sharply in the following year.

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 Argentina ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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