Report Update Nov 1, 2024

Uruguay - Cocoa Paste - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Cocoa Paste Market 2024

Cocoa Paste Market Size in Uruguay

The Uruguayan cocoa paste market soared to $X in 2021, picking up by 40% against the previous year. Over the period under review, consumption recorded strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cocoa Paste Production in Uruguay

In value terms, cocoa paste production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +28.3% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of 81%. Cocoa paste production peaked at $X in 2020, and then contracted in the following year.

Cocoa Paste Exports

Exports from Uruguay

In 2021, shipments abroad of cocoa paste increased by 72% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 80%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, cocoa paste exports surged to $X in 2021. Over the period under review, exports, however, faced a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for cocoa paste exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil totaled +8.2%.

In value terms, Brazil ($X) also remains the key foreign market for cocoa paste exports from Uruguay.

From 2012 to 2021, the average annual growth rate of value to Brazil stood at +12.6%.

Export Prices by Country

In 2021, the average cocoa paste export price amounted to $X per ton, shrinking by -6% against the previous year. In general, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2015 when the average export price increased by 70%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to +14.2% per year.

Cocoa Paste Imports

Imports into Uruguay

In 2021, supplies from abroad of cocoa paste increased by 172% to X tons, rising for the third year in a row after two years of decline. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cocoa paste imports skyrocketed to $X in 2021. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by 104%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Ghana (X tons), Cote d'Ivoire (X tons) and the UK (X tons) were the main suppliers of cocoa paste imports to Uruguay, with a combined 39% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +74.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa paste suppliers to Uruguay were Cote d'Ivoire ($X), Ghana ($X) and Indonesia ($X), together accounting for 45% of total imports.

Cote d'Ivoire, with a CAGR of +62.1%, saw the highest growth rate of 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

The average cocoa paste import price stood at $X per ton in 2021, shrinking by -32.1% against the previous year. In general, the import price recorded a deep slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa paste in the world?

The countries with the highest volumes of cocoa paste consumption in 2021 were China, the United States and India, together accounting for 27% of global consumption. These countries were followed by Japan, Pakistan, Indonesia, Brazil, Bangladesh, the UK, Nigeria, Russia, Mexico and Vietnam, which together accounted for a further 25%.

What are the largest producers of cocoa paste in the world?

China constituted the country with the largest volume of cocoa paste production, comprising approx. 14% of total volume. Moreover, cocoa paste production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 5.7% share.

What are the leading suppliers of cocoa paste to Uruguay?

In value terms, the largest cocoa paste suppliers to Uruguay were Ghana, Brazil and China, with a combined 57% share of total imports. These countries were followed by Nigeria, Indonesia, Cote d'Ivoire and the UK, which together accounted for a further 30%.

What are the leading importers of cocoa paste from Uruguay?

In value terms, Brazil remains the key foreign market for cocoa paste exports from Uruguay.

What is the average export price for cocoa paste in Uruguay?

In 2021, the average cocoa paste export price amounted to $1,654 per ton, approximately equating the previous year.

What is the average import price for cocoa paste in Uruguay?

The average cocoa paste import price stood at $1,944 per ton in 2021, rising by 19% against the previous year.

This report provides an in-depth analysis of the cocoa paste 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 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)

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