Uruguay: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Uruguay

For the third consecutive year, the Uruguayan prepared dish and meal market recorded decline in sales value, which decreased by -2.1% to $X in 2021. Overall, consumption continues to indicate a slight slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Prepared Dishes And Meals

Exports from Uruguay

In 2021, overseas shipments of prepared dishes and meals were finally on the rise to reach X tons after three years of decline. In general, exports, however, faced a deep contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, prepared dish and meal exports soared to $X in 2021. Overall, exports, however, recorded a noticeable shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for prepared dish and meal exports from Uruguay, accounting for a 46% share of total exports. Moreover, prepared dish and meal exports to Argentina exceeded the volume sent to the second major destination, Bolivia (X tons), threefold. Costa Rica (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina totaled +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+15.9% per year) and Costa Rica (+8.2% per year).

In value terms, the largest markets for prepared dish and meal exported from Uruguay were Bolivia ($X), Argentina ($X) and Paraguay ($X), together accounting for 78% of total exports.

Bolivia, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prepared dish and meal export price stood at $X per ton in 2021, surging by 3.5% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared dish and meal export price increased by +18.2% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 22% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Costa Rica ($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 Canada (+40.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Uruguay

In 2021, overseas purchases of prepared dishes and meals decreased by -5.6% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2015 when imports increased by 14%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prepared dish and meal imports amounted to $X in 2021. Overall, imports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 16% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Argentina (X tons), the United States (X tons) and Brazil (X tons) were the main suppliers of prepared dish and meal imports to Uruguay, with a combined 75% share of total imports. These countries were followed by Germany, Australia, Mexico, Italy, Chile and Belgium, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +122.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and the United States ($X) appeared to be the largest prepared dish and meal suppliers to Uruguay, with a combined 69% share of total imports. These countries were followed by Chile, Mexico, Germany, Belgium, Italy and Australia, which together accounted for a further 22%.

In terms of the main suppliers, Australia, with a CAGR of +107.8%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average prepared dish and meal import price amounted to $X per ton, growing by 7.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 12% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Australia ($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 (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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