Uruguay: Pasta Products Market 2024

Pasta Products Market Size in Uruguay

In 2022, the Uruguayan pasta products market increased by 4.2% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a relatively flat trend pattern. Pasta products consumption peaked in 2022 and is likely to continue growth in the near future.

Pasta Products Production in Uruguay

In value terms, pasta products production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a mild decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 25% against the previous year. Pasta products production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Pasta Products Exports

Exports from Uruguay

In 2022, shipments abroad of dried, undried and frozen pasta and pasta products increased by 121% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 560% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, pasta products exports surged to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 512% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for pasta products exports from Uruguay, with a 84% share of total exports. Moreover, pasta products exports to Chile exceeded the volume sent to the second major destination, Brazil (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile stood at +30.7%.

In value terms, Chile ($X) emerged as the key foreign market for dried, undried and frozen pasta and pasta products exports from Uruguay, comprising 69% of total exports. The second position in the ranking was taken by Brazil ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at +27.8%.

Export Prices by Country

In 2022, the average pasta products export price amounted to $X per ton, reducing by -33.4% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta products export price decreased by -46.0% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 47%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Chile amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta Products Imports

Imports into Uruguay

Pasta products imports into Uruguay skyrocketed to X tons in 2022, picking up by 38% on the previous year. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 104%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, pasta products imports skyrocketed to $X in 2022. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of pasta products to Uruguay, with a 94% share of total imports. Moreover, pasta products imports from Brazil exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.2% per year) and Mexico (+7.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of dried, undried and frozen pasta and pasta products to Uruguay, comprising 95% of total imports. The second position in the ranking was held by Mexico ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+11.4% per year) and Italy (+4.9% per year).

Import Prices by Country

In 2022, the average pasta products import price amounted to $X per ton, with an increase of 31% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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