Uruguay: Other Cereals Market 2025

Other Cereals Market Size in Uruguay

In 2021, after two years of growth, there was significant decline in the Uruguayan other cereals market, when its value decreased by -6.9% to $X. Overall, consumption saw a significant increase. Other cereals consumption peaked at $X in 2020, and then reduced in the following year.

Other Cereals Production in Uruguay

In value terms, other cereals production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a slight increase. The growth pace was the most rapid in 2020 with a decrease of 99.9%. Other cereals production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Other Cereals Exports

Exports from Uruguay

Other cereals exports from Uruguay surged to X tons in 2021, rising by 61% on the previous year's figure. Overall, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 112%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, other cereals exports surged to $X in 2021. In general, exports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of 138%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for other cereals exports from Uruguay, accounting for a 98% share of total exports. It was followed by Paraguay (X kg), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +38.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+31.9% per year) and France (-69.6% per year).

In value terms, the Netherlands ($X) remains the key foreign market for other cereals exports from Uruguay, comprising 87% of total exports. The second position in the ranking was held by Paraguay ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+29.3% per year) and France (-56.8% per year).

Export Prices by Country

The average other cereals export price stood at $X per ton in 2021, which is down by -18.9% against the previous year. Overall, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 284%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Paraguay ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+42.3%), while the prices for the other major destinations experienced a decline.

Other Cereals Imports

Imports into Uruguay

In 2021, imports of other cerealses into Uruguay dropped significantly to X tons, reducing by -32.6% against the previous year's figure. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 150%. Imports peaked at X tons in 2020, and then shrank significantly in the following year.

In value terms, other cereals imports reduced markedly to $X in 2021. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 187%. Over the period under review, imports reached the maximum at $X in 2020, and then contracted dramatically in the following year.

Imports by Country

In 2021, Peru (X tons) constituted the largest other cereals supplier to Uruguay, with a 88% share of total imports. Moreover, other cereals imports from Peru exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Peru amounted to +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.7% per year) and the United States (-7.2% per year).

In value terms, Peru ($X) constituted the largest supplier of other cereals to Uruguay, comprising 82% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Spain, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Peru amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.7% per year) and Spain (+39.1% per year).

Import Prices by Country

In 2021, the average other cereals import price amounted to $X per ton, shrinking by -15.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 23%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :