Uruguay: Organ Extracts Market 2024

Organ Extracts Market Size in Uruguay

The Uruguayan organ extracts market rose slightly to $X in 2021, picking up by 1.9% against the previous year. Overall, consumption, however, showed a noticeable contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Organ Extracts Production in Uruguay

In value terms, organ extracts production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.6%. Organ extracts production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Organ Extracts Exports

Exports from Uruguay

In 2021, shipments abroad of extracts of glands or other organs or of their secretions decreased by -3.2% to X tons, falling for the fifth year in a row after three years of growth. Overall, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,056% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, organ extracts exports contracted dramatically to $X in 2021. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,576%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for organ extracts exports from Uruguay, with a 95% share of total exports. Moreover, organ extracts exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +40.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+46.5% per year) and Canada (+60.7% per year).

In value terms, Italy ($X) remains the key foreign market for extracts of glands or other organs or of their secretions exports from Uruguay, comprising 100% of total exports. The second position in the ranking was held by Spain ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+59.2% per year) and Canada (+13.0% per year).

Export Prices by Country

In 2021, the average organ extracts export price amounted to $X per ton, dropping by -14.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 75%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Canada ($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 Free Zones (+176.8%), while the prices for the other major destinations experienced mixed trend patterns.

Organ Extracts Imports

Imports into Uruguay

In 2021, purchases abroad of extracts of glands or other organs or of their secretions decreased by -2.7% to X kg for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 585%. As a result, imports reached the peak of X kg. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, organ extracts imports plummeted to $X in 2021. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 431% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The UK (X kg), Germany (X kg) and Brazil (X kg) were the main suppliers of organ extracts imports to Uruguay, together accounting for 90% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +51.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of extracts of glands or other organs or of their secretions to Uruguay, comprising 95% of total imports. The second position in the ranking was held by Germany ($X), with a 2% share of total imports. It was followed by Brazil, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.0% per year) and Brazil (+10.8% per year).

Import Prices by Country

The average organ extracts import price stood at $X per ton in 2021, falling by -43.9% against the previous year. Overall, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by 44% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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