Uruguay: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Uruguay

The Uruguayan frozen crustaceans market shrank to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a perceptible setback. Frozen crustaceans consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Frozen Crustaceans Production in Uruguay

In value terms, frozen crustaceans production dropped to $X in 2022 estimated in export price. In general, production saw a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Frozen Crustaceans Exports

Exports from Uruguay

In 2022, approx. X tons of frozen crustaceans were exported from Uruguay; jumping by X% on 2021. Over the period under review, exports, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen crustaceans exports soared to $X in 2022. Overall, exports recorded moderate growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Indonesia (X tons) was the main destination for frozen crustaceans exports from Uruguay, accounting for a X% share of total exports. Moreover, frozen crustaceans exports to Indonesia exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X.6% per year) and Spain (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for frozen crustaceans exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X.0% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average frozen crustaceans export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and Vietnam ($X per ton), while the average price for exports to China ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Frozen Crustaceans Imports

Imports into Uruguay

In 2022, overseas purchases of frozen crustaceans were finally on the rise to reach X tons after four years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, frozen crustaceans imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest supplier of frozen crustaceans to Uruguay, with a X% share of total imports. Moreover, frozen crustaceans imports from Ecuador exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and India (X% per year).

In value terms, Ecuador ($X), Argentina ($X) and India ($X) were the largest frozen crustaceans suppliers to Uruguay, together comprising X% of total imports.

Among the main suppliers, India, with a CAGR of X%, recorded 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

The average frozen crustaceans import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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