Uruguay: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Uruguay

The Uruguayan market for concentrated lemon and other citrus fruit juice surged to $X in 2021, rising by 91% against the previous year. In general, consumption, however, recorded a deep reduction. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Uruguay

In value terms, production of concentrated lemon and other citrus fruit juice contracted slightly to $X in 2021 estimated in export price. Overall, production saw a mild contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Uruguay

In 2021, approx. X tons of concentrated lemon and other citrus fruit juice were exported from Uruguay; declining by -13.8% on 2020 figures. In general, exports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 129%. Over the period under review, the exports of attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of concentrated lemon and other citrus fruit juice declined sharply to $X in 2021. Overall, exports saw a noticeable slump. The growth pace was the most rapid in 2020 with an increase of 151% against the previous year. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of concentrated lemon and other citrus fruit juice from Uruguay, accounting for a 41% share of total exports. Moreover, exports of concentrated lemon and other citrus fruit juice to the United States exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was held by Israel (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+64.8% per year) and Israel (-11.2% per year).

In value terms, the United States ($X) remains the key foreign market for concentrated lemon and other citrus fruit juice exports from Uruguay, comprising 47% of total exports. The second position in the ranking was taken by Mexico ($X), with a 16% share of total exports. It was followed by Spain, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+47.8% per year) and Spain (-10.1% per year).

Export Prices by Country

The average export price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, with a decrease of -6.4% against the previous year. Overall, the export price recorded a mild decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Argentina ($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 Japan (+2.6%), while the prices for the other major destinations experienced a decline.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Uruguay

In 2021, supplies from abroad of concentrated lemon and other citrus fruit juice decreased by -82.5% to X tons, falling for the second year in a row after three years of growth. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 166% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice contracted markedly to $X in 2021. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2014 with an increase of 97%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Argentina (X tons) was the main supplier of concentrated lemon and other citrus fruit juice to Uruguay, accounting for a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina totaled -5.8%.

In value terms, Argentina ($X) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Uruguay.

From 2012 to 2021, the average annual growth rate of value from Argentina totaled -8.8%.

Import Prices by Country

In 2021, the average import price for concentrated lemon and other citrus fruit juice amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 27%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Israel amounted to +53.8% per year.

Source: IndexBox Platform

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