Uruguay: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Uruguay

For the third year in a row, the Uruguayan concentrated grapefruit juice market recorded decline in sales value, which decreased by -8.9% to $X in 2021. In general, consumption showed a resilient expansion. Concentrated grapefruit juice consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Concentrated Grapefruit Juice Production in Uruguay

In value terms, concentrated grapefruit juice production totaled $X in 2021 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 decreased by -2.0% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 51%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Concentrated Grapefruit Juice Exports

Exports from Uruguay

In 2021, shipments abroad of concentrated grapefruit juice increased by 31% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 49%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, concentrated grapefruit juice exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 107% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X tons) was the main destination for concentrated grapefruit juice exports from Uruguay, with a 81% share of total exports. Moreover, concentrated grapefruit juice exports to Israel exceeded the volume sent to the second major destination, Switzerland (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Israel amounted to -14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (0.0% per year) and Germany (0.0% per year).

In value terms, Israel ($X) remains the key foreign market for concentrated grapefruit juice exports from Uruguay, comprising 80% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.4% share of total exports. It was followed by Switzerland, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel totaled -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Switzerland (0.0% per year).

Export Prices by Country

In 2021, the average concentrated grapefruit juice export price amounted to $X per ton, waning by -1.5% against the previous year. In general, the export price, however, posted a buoyant expansion. The growth pace was the most rapid in 2017 when the average export price increased by 52%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Grapefruit Juice Imports

Imports into Uruguay

In 2021, approx. X tons of concentrated grapefruit juice were imported into Uruguay; increasing by 27% on the previous year. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 146% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, concentrated grapefruit juice imports stood at $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -36.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 117% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Argentina (X tons) and Mexico (X tons) were the main suppliers of concentrated grapefruit juice imports to Uruguay.

From 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +7.7%).

In value terms, Argentina ($X) and Mexico ($X) appeared to be the largest concentrated grapefruit juice suppliers to Uruguay.

In terms of the main suppliers, Mexico, with a CAGR of +6.7%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average concentrated grapefruit juice import price amounted to $X per ton, declining by -20.4% against the previous year. In general, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 22%. As a result, import price reached the peak level of $X per ton, and then contracted dramatically in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for Argentina amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+25.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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