Uruguay: Egg Product Market 2024

Egg Product Market Size in Uruguay

The Uruguayan egg product market shrank rapidly to $X in 2021, dropping by -21.1% against the previous year. In general, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +34.8% against 2019 indices. Egg product consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Egg Product Production in Uruguay

In value terms, egg product production fell remarkably to $X in 2021 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +38.4% against 2019 indices. The growth pace was the most rapid in 2020 when the production volume increased by 77%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Egg Product Exports

Exports from Uruguay

In 2021, approx. X tons of egg products were exported from Uruguay; increasing by 2.2% compared with the previous year. Over the period under review, exports, however, showed a pronounced reduction. The growth pace was the most rapid in 2018 with an increase of 102%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, egg product exports stood at $X in 2021. Overall, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 338% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for egg product exports from Uruguay, accounting for a 99% share of total exports. It was followed by the United States (X kg), with a 1.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil was relatively modest.

In value terms, Brazil ($X) remains the key foreign market for egg products exports from Uruguay, comprising 78% of total exports. The second position in the ranking was held by the United States ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil was relatively modest.

Export Prices by Country

The average egg product export price stood at $X per ton in 2021, shrinking by -1.8% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 117%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil amounted to $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 (+14.2%).

Egg Product Imports

Imports into Uruguay

In 2021, approx. X tons of egg products were imported into Uruguay; falling by -9.8% against 2020 figures. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 14%. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, egg product imports declined to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 16%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, Brazil (X tons) constituted the largest egg product supplier to Uruguay, with a 85% share of total imports. Moreover, egg product imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), ninefold. The United States (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-2.3% per year) and the United States (-11.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of egg products to Uruguay, comprising 77% of total imports. The second position in the ranking was taken by Argentina ($X), with a 19% share of total imports. It was followed by Spain, with a 2% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-3.4% per year) and Spain (-20.3% per year).

Import Prices by Country

The average egg product import price stood at $X per ton in 2021, remaining constant against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 12% against the previous year. The import price peaked at $X per ton in 2020, and then contracted slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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