Report Update Nov 1, 2024

Uruguay - Lactose and Lactose Syrup - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Lactose Market 2024

Lactose Market Size in Uruguay

The Uruguayan lactose market rose sharply to $X in 2022, surging by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a prominent increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Lactose Exports

Exports from Uruguay

In 2022, overseas shipments of lactose and lactose syrup decreased by -35.2% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2019 with an increase of 107% 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, lactose exports declined notably to $X in 2022. In general, exports saw a sharp slump. The most prominent rate of growth was recorded in 2019 with an increase of 114%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X tons) was the main destination for lactose exports from Uruguay, accounting for a 90% share of total exports. Moreover, lactose exports to Free Zones exceeded the volume sent to the second major destination, Argentina (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Free Zones stood at -20.8%.

In value terms, Free Zones ($X) remains the key foreign market for lactose and lactose syrup exports from Uruguay, comprising 92% of total exports. The second position in the ranking was taken by Argentina ($X), with an 8.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Free Zones stood at -18.7%.

Export Prices by Country

The average lactose export price stood at $X per ton in 2022, shrinking by -12.1% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lactose export price decreased by -24.0% against 2017 indices. The pace of growth appeared the most rapid in 2016 an increase of 70%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Lactose Imports

Imports into Uruguay

In 2022, the amount of lactose and lactose syrup imported into Uruguay rose remarkably to X tons, with an increase of 11% compared with 2021 figures. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 209% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, lactose imports expanded notably to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 150%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest lactose supplier to Uruguay, with a 88% share of total imports. Moreover, lactose imports from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +22.4%.

In value terms, the United States ($X) constituted the largest supplier of lactose and lactose syrup to Uruguay, comprising 85% of total imports. The second position in the ranking was held by Argentina ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +14.8%.

Import Prices by Country

In 2022, the average lactose import price amounted to $X per ton, rising by 3.1% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably 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 the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-5.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lactose and lactose syrup in the world?

China remains the largest lactose consuming country worldwide, comprising approx. 24% of total volume. Moreover, lactose consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with an 8.5% share.

What are the largest producers of lactose and lactose syrup in the world?

The countries with the highest volumes of in 2021 were the United States, China and Germany, with a combined 57% share of global production. India, Russia, the Netherlands, Turkey, France, the UK, Italy and Canada lagged somewhat behind, together accounting for a further 28%.

What are the leading suppliers of lactose and lactose syrup to Uruguay?

In value terms, the United States constituted the largest supplier of lactose to Uruguay, comprising 79% of total imports. The second position in the ranking was occupied by Argentina, with a 7.5% share of total imports. It was followed by the Netherlands, with a 5.1% share.

What are the leading importers of lactose and lactose syrup from Uruguay?

In value terms, Free Zones remains the key foreign market for lactose exports from Uruguay, comprising 76% of total exports. The second position in the ranking was occupied by Guatemala, with a 24% share of total exports.

What is the average export price for lactose and lactose syrup in Uruguay?

The average lactose export price stood at $4,902 per ton in 2021, picking up by 6.3% against the previous year.

What is the average import price for lactose and lactose syrup in Uruguay?

In 2021, the average lactose import price amounted to $1,178 per ton, surging by 5.1% against the previous year.

This report provides an in-depth analysis of the lactose market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10515400 - Lactose and lactose syrup (including chemically pure lactose)

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023