Uruguay: Frozen Poultry Liver Market 2024

Frozen Poultry Liver Market Size in Uruguay

In 2022, the Uruguayan frozen poultry liver market increased by 25% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +51.6% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Frozen Poultry Liver Production in Uruguay

In value terms, frozen poultry liver production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible slump. The pace of growth appeared the most rapid in 2014 when the production volume increased by 44% against the previous year. Frozen poultry liver production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Frozen Poultry Liver Exports

Exports from Uruguay

In 2022, approx. X tons of frozen poultry livers and offal were exported from Uruguay; waning by -13.2% compared with the year before. Overall, exports showed a deep setback. The growth pace was the most rapid in 2021 with an increase of 73%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, frozen poultry liver exports skyrocketed to $X in 2022. Over the period under review, exports saw a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 86%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for frozen poultry liver exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Argentina totaled +30.4%.

In value terms, Argentina ($X) also remains the key foreign market for frozen poultry livers and offal exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Argentina stood at +39.6%.

Export Prices by Country

In 2022, the average frozen poultry liver export price amounted to $X per ton, increasing by 39% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen poultry liver export price increased by +49.7% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 53%. The export price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Cuba amounted to +83.5% per year.

Frozen Poultry Liver Imports

Imports into Uruguay

In 2022, overseas purchases of frozen poultry livers and offal increased by 143% to X tons, rising for the seventh year in a row after three years of decline. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2018 with an increase of 187%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, frozen poultry liver imports surged to $X in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 232% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Brazil (X tons) constituted the largest frozen poultry liver supplier to Uruguay, with a 64% share of total imports. Moreover, frozen poultry liver imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +66.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.1% per year) and Chile (+95.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of frozen poultry livers and offal to Uruguay, comprising 71% of total imports. The second position in the ranking was held by Chile ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +71.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+84.0% per year) and the United States (+23.5% per year).

Import Prices by Country

In 2022, the average frozen poultry liver import price amounted to $X per ton, with an increase of 3.5% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen poultry liver import price increased by +18.0% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by 55% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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