Uruguay: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2025

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Uruguay

In 2021, the Uruguayan meat meals and pellets market decreased by -27.3% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -40.9% against 2019 indices. Meat meals and pellets consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Uruguay

In value terms, meat meals and pellets production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. Meat meals and pellets production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Uruguay

In 2021, after three years of decline, there was significant growth in overseas shipments of flours, meals and pellets of meat or meat offal, when their volume increased by 59% to X tons. Overall, exports, however, continue to indicate a perceptible slump. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, meat meals and pellets exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a slight contraction. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for meat meals and pellets exports from Uruguay, with a 82% share of total exports. Moreover, meat meals and pellets exports to China exceeded the volume sent to the second major destination, Colombia (X tons), more than tenfold. Argentina (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-7.8% per year) and Argentina (-6.3% per year).

In value terms, China ($X) remains the key foreign market for flours, meals and pellets of meat or meat offal exports from Uruguay, comprising 80% of total exports. The second position in the ranking was taken by Argentina ($X), with a 7.5% share of total exports. It was followed by Colombia, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-5.3% per year) and Colombia (-7.0% per year).

Export Prices by Country

In 2021, the average meat meals and pellets export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs 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 Vietnam ($X per ton), while the average price for exports to Thailand ($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 Vietnam (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Uruguay

In 2021, purchases abroad of flours, meals and pellets of meat or meat offal decreased by -10.9% to X tons, falling for the sixth year in a row after two years of growth. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 1,057%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, meat meals and pellets imports shrank remarkably to $X in 2021. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 658% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) was the main supplier of meat meals and pellets to Uruguay, with a 90% share of total imports. Moreover, meat meals and pellets imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina totaled -6.4%.

In value terms, Argentina ($X) constituted the largest supplier of flours, meals and pellets of meat or meat offal to Uruguay, comprising 91% of total imports. The second position in the ranking was held by Brazil ($X), with an 8.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina totaled -14.6%.

Import Prices by Country

In 2021, the average meat meals and pellets import price amounted to $X per ton, reducing by -40% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 55%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-8.7%).

Source: IndexBox Platform

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