Uruguay: Meat Dishes Market 2024

Meat Dishes Market Size in Uruguay

The Uruguayan meat dishes market reached $X in 2022, surging by 4.9% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Meat Dishes Production in Uruguay

In value terms, meat dishes production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 36% against the previous year. Meat dishes production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Meat Dishes Exports

Exports from Uruguay

In 2022, overseas shipments of meat dishes increased by 6.4% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.8% against 2017 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, meat dishes exports expanded remarkably to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.5% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for meat dishes exports from Uruguay, with a 82% share of total exports. Moreover, meat dishes exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), ninefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+41.6% per year) and the United Arab Emirates (+213.3% per year).

In value terms, the United States ($X) remains the key foreign market for meat dishes exports from Uruguay, comprising 84% of total exports. The second position in the ranking was held by South Korea ($X), with a 5.2% share of total exports. It was followed by the United Arab Emirates, with a 3% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+48.9% per year) and the United Arab Emirates (+192.7% per year).

Export Prices by Country

The average meat dishes export price stood at $X per ton in 2022, surging by 6.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 15%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Uruguay

In 2022, the amount of meat dishes imported into Uruguay soared to X tons, increasing by 20% on 2021 figures. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.4% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 30%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, meat dishes imports skyrocketed to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of meat dishes to Uruguay, accounting for a 73% share of total imports. Moreover, meat dishes imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold. Paraguay (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+33.0% per year) and Paraguay (+93.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of meat dishes to Uruguay, comprising 67% of total imports. The second position in the ranking was taken by Argentina ($X), with a 22% share of total imports. It was followed by Paraguay, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+31.3% per year) and Paraguay (+113.0% per year).

Import Prices by Country

In 2022, the average meat dishes import price amounted to $X per ton, picking up by 18% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Paraguay ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+10.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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