Uruguay: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Uruguay

In 2021, the Uruguayan fruit or nut preserves market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a perceptible setback. Fruit or nut preserves consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Uruguay

In value terms, fruit or nut preserves production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable decline. The pace of growth was the most pronounced in 2018 with an increase of 36% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Uruguay

In 2021, shipments abroad of jams, marmalades, fruit jellies, fruit or nut purees and pastes increased by 18% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a noticeable descent. The growth pace was the most rapid in 2017 with an increase of 151% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, fruit or nut preserves exports expanded markedly to $X in 2021. Overall, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for fruit or nut preserves exports from Uruguay, with a 66% share of total exports. Moreover, fruit or nut preserves exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+25.1% per year) and Canada (-6.6% per year).

In value terms, the United States ($X) remains the key foreign market for jams, marmalades, fruit jellies, fruit or nut purees and pastes exports from Uruguay, comprising 65% of total exports. The second position in the ranking was taken by Spain ($X), with a 30% share of total exports. It was followed by Canada, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+27.3% per year) and Canada (-7.4% per year).

Export Prices by Country

The average fruit or nut preserves export price stood at $X per ton in 2021, dropping by -5.1% against the previous year. In general, the export price recorded a pronounced decline. The growth pace was the most rapid in 2018 an increase of 73%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Chile ($X per ton) and Canada ($X per ton), while the average price for exports to the United States ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Uruguay

In 2021, overseas purchases of jams, marmalades, fruit jellies, fruit or nut purees and pastes increased by 26% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 49%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, fruit or nut preserves imports soared to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 31%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Chile (X tons) constituted the largest fruit or nut preserves supplier to Uruguay, with a 47% share of total imports. Moreover, fruit or nut preserves imports from Chile exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. Argentina (X tons) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile stood at +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.2% per year) and Argentina (-3.9% per year).

In value terms, the largest fruit or nut preserves suppliers to Uruguay were Chile ($X), Brazil ($X) and Argentina ($X), together comprising 80% of total imports.

In terms of the main suppliers, Chile, with a CAGR of +27.4%, saw the highest growth rate of 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 fruit or nut preserves import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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