Uruguay: Concentrated Apple Juice Market 2024

Concentrated Apple Juice Market Size in Uruguay

The Uruguayan concentrated apple juice market reduced modestly to $X in 2021, waning by -1.9% 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). In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by +0.6% against 2019 indices. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Concentrated Apple Juice Exports

Exports from Uruguay

In 2021, approx. X kg of concentrated apple juice were exported from Uruguay; shrinking by -7.7% against the previous year. Over the period under review, exports continue to indicate a sharp descent. The smallest decline of -1% was in 2013. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, concentrated apple juice exports fell to $X in 2021. Overall, exports recorded a precipitous decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for concentrated apple juice exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -42.3%.

In value terms, the United States ($X) also remains the key foreign market for concentrated apple juice exports from Uruguay.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -39.3%.

Export Prices by Country

In 2021, the average concentrated apple juice export price amounted to $X per ton, rising by 1.6% against the previous year. In general, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concentrated apple juice export price increased by +4.5% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 110%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +5.2% per year.

Concentrated Apple Juice Imports

Imports into Uruguay

In 2021, the amount of concentrated apple juice imported into Uruguay reduced to X tons, which is down by -6.6% against 2020. Overall, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +1.5% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 95%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, concentrated apple juice imports reached $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 90% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of concentrated apple juice to Uruguay, accounting for a 63% share of total imports. Moreover, concentrated apple juice imports from Argentina exceeded the figures recorded by the second-largest supplier, Chile (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+98.9% per year) and Brazil (+0.6% per year).

In value terms, Argentina ($X) constituted the largest supplier of concentrated apple juice to Uruguay, comprising 64% of total imports. The second position in the ranking was held by Chile ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Argentina stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+86.7% per year) and Brazil (-1.9% per year).

Import Prices by Country

In 2021, the average concentrated apple juice import price amounted to $X per ton, rising by 8.2% against the previous year. Overall, the import price, however, showed a perceptible contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Brazil ($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 (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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