Report Update Nov 1, 2024

Uruguay - Chocolate and Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Chocolate Market 2024

Chocolate Market Size in Uruguay

The Uruguayan chocolate market rose significantly to $X in 2022, picking up by 15% against the previous year. In general, consumption saw a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Chocolate Production in Uruguay

In value terms, chocolate production soared to $X in 2022 estimated in export price. Overall, production saw prominent growth. The growth pace was the most rapid in 2018 with an increase of 120%. Chocolate production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Chocolate Exports

Exports from Uruguay

In 2022, overseas shipments of chocolate and other food preparations containing cocoa decreased by -77.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a sharp decline. The growth pace was the most rapid in 2013 when exports increased by 266%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, chocolate exports contracted significantly to $X in 2022. In general, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2013 when exports increased by 173% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for chocolate exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled -35.8%.

In value terms, Argentina ($X) emerged as the key foreign market for chocolate and other food preparations containing cocoa exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Argentina totaled -33.8%.

Export Prices by Country

In 2022, the average chocolate export price amounted to $X per ton, surging by 107% against the previous year. Over the period under review, the export price posted a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +3.2% per year.

Chocolate Imports

Imports into Uruguay

In 2022, purchases abroad of chocolate and other food preparations containing cocoa decreased by -2.5% to X tons, falling for the fifth year in a row after two years of growth. In general, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 46%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, chocolate imports expanded to $X in 2022. Overall, imports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of 47%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), Argentina (X tons) and Belgium (X tons) were the main suppliers of chocolate imports to Uruguay, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +53.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Belgium ($X) were the largest chocolate suppliers to Uruguay, with a combined 91% share of total imports.

Belgium, with a CAGR of +50.3%, saw the highest growth rate of the value of imports, in terms of 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 chocolate import price amounted to $X per ton, surging by 4.8% against the previous year. Over the period under review, the import price, however, saw a slight downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chocolate and other food preparations containing cocoa in the world?

China constituted the country with the largest volume of chocolate consumption, accounting for 17% of total volume. Moreover, chocolate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 6.8% share.

What are the largest producers of chocolate and other food preparations containing cocoa in the world?

China constituted the country with the largest volume of chocolate production, comprising approx. 17% of total volume. Moreover, chocolate production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 5.7% share.

What are the leading suppliers of chocolate and other food preparations containing cocoa to Uruguay?

In value terms, Argentina, Brazil and Chile were the largest chocolate suppliers to Uruguay, together accounting for 87% of total imports.

What are the leading importers of chocolate and other food preparations containing cocoa from Uruguay?

In value terms, Argentina remains the key foreign market for chocolate exports from Uruguay, comprising 76% of total exports. The second position in the ranking was occupied by Paraguay, with a 24% share of total exports.

What is the average export price for chocolate and other food preparations containing cocoa in Uruguay?

In 2020, the average chocolate export price amounted to $4,761 per ton, shrinking by -1.7% against the previous year.

What is the average import price for chocolate and other food preparations containing cocoa in Uruguay?

The average chocolate import price stood at $2,776 per ton in 2020, which is down by -3.5% against the previous year.

This report provides an in-depth analysis of the chocolate market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023