Uruguay: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Uruguay

The Uruguayan concentrated orange juice market surged to $X in 2021, growing by 20% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Concentrated Orange Juice Production in Uruguay

In value terms, concentrated orange juice production expanded to $X in 2021 estimated in export price. Over the period under review, production saw a mild downturn. The growth pace was the most rapid in 2017 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Concentrated Orange Juice Exports

Exports from Uruguay

Concentrated orange juice exports from Uruguay shrank sharply to X tons in 2021, which is down by -36.6% compared with 2020. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 52% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, concentrated orange juice exports fell markedly to $X in 2021. In general, exports faced a abrupt decline. The growth pace was the most rapid in 2016 when exports increased by 52%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for concentrated orange juice exports from Uruguay, with a 91% share of total exports. Moreover, concentrated orange juice exports to the Netherlands exceeded the volume sent to the second major destination, Argentina (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +14.1%.

In value terms, the Netherlands ($X) remains the key foreign market for concentrated orange juice exports from Uruguay, comprising 90% of total exports. The second position in the ranking was taken by Argentina ($X), with a 9.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +16.8%.

Export Prices by Country

In 2021, the average concentrated orange juice export price amounted to $X per ton, growing by 4.6% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Argentina ($X per ton), while the average price for exports to the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Orange Juice Imports

Imports into Uruguay

In 2021, overseas purchases of concentrated orange juice increased by 26% to X tons, rising for the second consecutive year after three years of decline. Overall, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 49%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, concentrated orange juice imports soared to $X in 2021. In general, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 48%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of concentrated orange juice to Uruguay, accounting for a 61% share of total imports. Moreover, concentrated orange juice imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-2.3% per year) and Paraguay (+123.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of concentrated orange juice to Uruguay, comprising 66% of total imports. The second position in the ranking was taken by Argentina ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-5.6% per year) and Paraguay (+119.6% per year).

Import Prices by Country

The average concentrated orange juice import price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the import price recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 an increase of 12% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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