Report Update Feb 1, 2025

Uruguay - Crude Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Crude Soybean Oil Market 2025

Crude Soybean Oil Market Size in Uruguay

The Uruguayan crude soybean oil market fell to $X in 2022, reducing by -11.5% against the previous year. In general, consumption continues to indicate a mild shrinkage. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Crude Soybean Oil Production in Uruguay

In value terms, crude soybean oil production rose remarkably to $X in 2022 estimated in export price. Overall, production posted prominent growth. The growth pace was the most rapid in 2017 with an increase of 100%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Crude Soybean Oil Exports

Exports from Uruguay

In 2022, the amount of crude soybean oil exported from Uruguay soared to X tons, rising by 309% compared with the year before. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 2,700% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude soybean oil exports soared to $X in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2018 when exports increased by 2,530% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Peru (X tons) was the main destination for crude soybean oil exports from Uruguay, accounting for a 67% share of total exports. Moreover, crude soybean oil exports to Peru exceeded the volume sent to the second major destination, Brazil (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+39.3% per year) and Panama (0.0% per year).

In value terms, Peru ($X) emerged as the key foreign market for crude soybean oil exports from Uruguay, comprising 66% of total exports. The second position in the ranking was held by Brazil ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Peru was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+47.2% per year) and Panama (0.0% per year).

Export Prices by Country

The average crude soybean oil export price stood at $X per ton in 2022, growing by 18% against the previous year. In general, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 41% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+30.6%).

Crude Soybean Oil Imports

Imports into Uruguay

In 2022, the amount of crude soybean oil imported into Uruguay contracted to X tons, standing approx. at the previous year. Overall, imports showed a significant decline. The pace of growth appeared the most rapid in 2013 with an increase of 33%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, crude soybean oil imports amounted to $X in 2022. Over the period under review, imports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 11%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Paraguay (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of crude soybean oil imports to Uruguay, with a combined 100% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Paraguay (with a CAGR of -16.8%), while imports for the other leaders experienced a decline.

In value terms, the largest crude soybean oil suppliers to Uruguay were Paraguay ($X), Brazil ($X) and Argentina ($X), together comprising 100% of total imports.

Among the main suppliers, Paraguay, with a CAGR of -17.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average crude soybean oil import price amounted to $X per ton, picking up by 3.2% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 5.5% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude soybean oil in the world?

The countries with the highest volumes of crude soybean oil consumption in 2020 were China, Brazil and the United States, with a combined 63% share of global consumption. India, Argentina, Mexico and Bangladesh lagged somewhat behind, together accounting for a further 16%.

What are the largest producers of crude soybean oil in the world?

The countries with the highest volumes of crude soybean oil production in 2020 were China, Brazil and the United States, together comprising 64% of global production. Argentina, India and Mexico lagged somewhat behind, together accounting for a further 17%.

What are the leading suppliers of crude soybean oil to Uruguay?

In value terms, Paraguay constituted the largest supplier of crude soybean oil to Uruguay, comprising 91% of total imports. The second position in the ranking was occupied by Argentina, with a 6.2% share of total imports.

What are the leading importers of crude soybean oil from Uruguay?

In value terms, Guatemala and Oman constituted the largest markets for crude soybean oil exported from Uruguay worldwide.

What is the average export price for crude soybean oil in Uruguay?

In 2020, the average crude soybean oil export price amounted to $868 per ton, surging by 7.4% against the previous year.

What is the average import price for crude soybean oil in Uruguay?

In 2020, the average crude soybean oil import price amounted to $712 per ton, reducing by -6% against the previous year.

This report provides an in-depth analysis of the crude soybean oil 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:

FCL 237 - Oil of Soybeans

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:

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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
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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024