Report Update Nov 1, 2024

Uruguay - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Uruguay

The Uruguayan fish fat and oil market shrank to $X in 2022, with a decrease of -2.2% against the previous year. Over the period under review, consumption continues to indicate a perceptible slump. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Fish Fats And Oils in Uruguay

In value terms, fish fat and oil production contracted slightly to $X in 2022 estimated in export price. Overall, production saw a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. Fish fat and oil production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Fish Fats And Oils

Exports from Uruguay

In 2022, the amount of fish fats and oils exported from Uruguay was estimated at X kg, flattening at the year before. Overall, exports, however, saw a sharp setback. The pace of growth was the most pronounced in 2014 when exports increased by 27%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, fish fat and oil exports rose notably to $X in 2022. Over the period under review, exports, however, recorded a precipitous descent. The most prominent rate of growth was recorded in 2013 when exports increased by 57%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X kg) was the main destination for fish fat and oil exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to -9.9%.

In value terms, Mexico ($X) also remains the key foreign market for fish fats and oils exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at -13.4%.

Export Prices by Country

In 2022, the average fish fat and oil export price amounted to $X per ton, rising by 9.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 88%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to -3.9% per year.

Imports of Fish Fats And Oils

Imports into Uruguay

Fish fat and oil imports into Uruguay reduced sharply to X tons in 2022, with a decrease of -47.2% on 2021 figures. In general, imports showed a dramatic decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 90% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fish fat and oil imports shrank significantly to $X in 2022. Over the period under review, imports showed a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 56% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Argentina (X tons) and the United States (X tons) were the main suppliers of fish fat and oil imports to Uruguay, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +5.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Argentina ($X) and the United States ($X) constituted the largest fish fat and oil suppliers to Uruguay, with a combined 99% share of total imports.

In terms of the main suppliers, Argentina, with a CAGR of +19.0%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average fish fat and oil import price amounted to $X per ton, rising by 11% against the previous year. Overall, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 50%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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 the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?

Norway constituted the country with the largest volume of fish fat and oil consumption, comprising approx. 60% of total volume. Moreover, fish fat and oil consumption in Norway exceeded the figures recorded by the second-largest consumer, China, more than tenfold. The third position in this ranking was occupied by the United States, with a 3.4% share.

What are the largest producers of fish fats and oils in the world?

Norway constituted the country with the largest volume of fish fat and oil production, accounting for 60% of total volume. Moreover, fish fat and oil production in Norway exceeded the figures recorded by the second-largest producer, China, more than tenfold. The United States ranked third in terms of total production with a 3.6% share.

What are the leading suppliers of fish fats and oils to Uruguay?

In value terms, the UK, the United States and Canada appeared to be the largest fish fat and oil suppliers to Uruguay, together comprising 57% of total imports. Argentina, Chile, Germany, Iceland, China, the Netherlands and Spain lagged somewhat behind, together comprising a further 26%.

What are the leading importers of fish fats and oils from Uruguay?

In value terms, Mexico remains the key foreign market for fish fat and oil exports from Uruguay.

What is the average export price for fish fats and oils in Uruguay?

The average fish fat and oil export price stood at $29,657 per ton in 2021, increasing by 9.3% against the previous year.

What is the average import price for fish fats and oils in Uruguay?

In 2021, the average fish fat and oil import price amounted to $4,169 per ton, growing by 16% against the previous year.

This report provides an in-depth analysis of the market for fish fat and oil 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:

Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

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
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023